U.S. Corporate Bond Sellers Are Preparing an Onslaught of Deals
- About $30 billion of high-grade debt sales expected this week
- Revlon’s final tender deadline for bond exchange due Tuesday
This article is for subscribers only.
U.S. corporate bond markets are primed for an avalanche of sales as companies report earnings after the presidential election dampened issuance last week.
Blue-chip issuers may sell $30 billion in debt this week, including as many as 10 bonds on Monday alone, according to an informal survey of high-grade dealers. It would be the first day with a double-digit deal count since Sept. 29, and a stark turnaround after just one company sold debt last week.