Xstrata, Oracle Lead Busy Day of Bond Sales

Companies raised at least $20 billion in the bond market Thursday.

Xstrata Plc and Oracle Corp. led borrowers raising at least $20 billion in the second-busiest day this year for U.S. corporate bond sales.

Xstrata, the world’s largest exporter of coal burned by power stations, raised $4.5 billion in four parts, while Redwood City, California-based Oracle sold $5 billion in its first offering in more than two years, according to data compiled by Bloomberg. Sales are the highest since $26.9 billion was raised on March 5.

Largest Custodian

Bank of New York Mellon Corp., the world’s largest custody bank, raised $1.5 billion selling $600 million of 0.7 percent, three-year fixed-rate debt at spread of 33 basis points, $400 million of three-year floating-rate notes to yield 23 basis points more than the quarterly London interbank offered rate, and $500 million of 1.3 percent securities due January 2018 at a spread of 55 basis points, Bloomberg data show.

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