To fund buybacks of some of its current debt, CVS is expected to issue hybrid securities in the range of $2 billion to $2.5 billion.

With September's order books now closed, the velocity of debt sales is becoming clear, shattering records from New York to Beijing.

The streaming giant sold $1.8 billion of debt in two parts.

EU approval paved the way for a proposed acquisition of VMware. Now Broadcom needs $32 billion to fund the deal.

The trend is a sign that soaring bond yields are spurring corporations to look at ways to cut their borrowing costs.

Because there are fewer M&A deals to finance, lenders are focusing on giving loans to corporations looking to cover rising expenses amid high inflation.