Visa Inc. raised $16 billion in its first bond sale to financethe payment network's 21.2 billion euro ($23.3 billion)takeover of Visa Europe Ltd.

The deal is the fourth-largest corporate debt offering this yearafter Actavis Plc's $21 billion debt sale to buy Allergan Inc.,AT&T Inc.'s $17.5 billion bond offering funding the purchase ofDirectTV and AbbVie Inc.'s $16.6 billion financing to buyPharmacyclics Inc.

“It's an inaugural issuance, it's across the curve, and thisvery well could be one of the last major investment-grade deals of2015,” said Jesse Rosenthal, an analyst at CreditSights Inc. “Visabonds are prime candidates for long-term buy and holdportfolios.”

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