Merck Leads $17.9 Bln of Bond Sales

Walgreen sells $4 bln of debt, Transocean sells $1.5 bln.

Merck & Co. and Walgreen Co. led borrowers selling $17.9 billion of corporate bonds in the U.S. Monday.

Merck, the maker of Claritin, raised $2.5 billion of debt in three parts in its first sale since 2010 and Deerfield, Illinois-based Walgreen issued $4 billion of bonds linked to its acquisition of a stake in Alliance Boots Holdings Ltd., according to data compiled by Bloomberg. Sales compare with $18.6 billion on Sept. 4, the busiest day for dollar-denominated sales in almost six months.

Walgreen, Transocean

The drugstore operator issued $550 million of 18-month floating-rate notes to yield 50 basis points more than the three-month London interbank offered rate, $750 million of 1 percent, 2.5-year securities at 80 basis points more than benchmarks, $1 billion of 1.8 percent, five-year bonds at a spread of 120 basis points, $1.2 billion of 3.1 percent, 10-year debentures at 145 basis points and $500 million of 4.4 percent, 30-year debt at 165, Bloomberg data show.

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