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Blue-chip companies have sold more than $1 trillion of bonds in 2017, passing that milestone for the sixth straight year, as Federal Reserve rate hikes spur companies to borrow while it’s still cheap.

Sales from Amazon.com Inc. and Philip Morris International Inc. helped the corporate bond market reach the $1 trillion mark faster this year than ever before, according to data compiled by Bloomberg. August is traditionally a relatively quiet month, but that hasn’t stopped companies from selling large amounts of debt in recent weeks, including a $17.25 billion deal from British American Tobacco Plc.

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