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.

Borrowers are raising debt after central banks in the U.S. and Europe took actions to stabilize the economy and curb bond yields. Sales are now at the fastest pace on record for the month, with issuance already exceeding September 2011 levels.

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