Amgen Inc. and Peabody Energy Inc. led $38.2 billion of corporate bond sales this week, the most in more than five months, as economists lowering the odds of a U.S. recession overshadowed Europe's debt crisis.

Amgen, the world's largest biotechnology firm, issued $6 billion of debt in the biggest bond offering since March, according to data compiled by Bloomberg. St. Louis-based Peabody Energy, the U.S. coal producer, sold $3.1 billion of notes to finance its acquisition of MacArthur Coal Ltd., the data show.

Issuance climbed 38 percent from last week with borrowers from Israel's Teva Pharmaceutical Industries Ltd. to Encana Corp., Canada's biggest natural-gas producer, selling corporate debt as yields fell. Sales reached $20.7 billion on Nov. 7, the busiest day since May 27, after European Central Bank executive board member Juergen Stark predicted the region's debt crisis will be under control within two years.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.