Novartis, Harley-Davidson Lead Bond Sales

Companies issue at least $16 bln in debt.

Novartis AG and Harley-Davidson Inc. led borrowers raising at least $16 billion in the busiest day in more than a week for company bond sales in the U.S.

Novartis, Europe’s largest drugmaker by revenue, issued $2 billion in its first sale in more than two years and Milwaukee-based Harley-Davidson offered $600 million of three-year notes for the first time, according to data compiled by Bloomberg. Sales are the most since $20.6 billion on Sept. 10 and compare with a daily average this year of $5.9 billion.

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