The credit markets reopened with a bang yesterday after their three-day shut down as nine investment-grade companies sold almost $12 billion worth of bonds, the Wall Street Journal reports. The surge reflects companies' eagerness to get issuance in before the jobs report today and the U.S. elections Tuesday.

BP Capital Markest sold $3 billion of fixed-income securities in three tranches. General Dynamic sold $2.4 billion, Bank of Montreal sold $2 billion and Caterpillarissued $1.2 billion.

According to the Journal, a megadeal from Abbott Laboratories that was expected this week will be postponed until next week.

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 PropertyCasualty360.com and Law.com.
NOT FOR REPRINT

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