Feb
18
GM Joins March of Corporate Titans Back Into Credit Markets
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As global rout slows, well-known names test investor appetite
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`Money looking to be put to work’ while the market stabilizes
Corporate titans continued their return to the the U.S. debt markets on Thursday as investors globally showed a renewed willingness to take on risk.
Highly rated and well-known companies such as General Motors Co., Philip Morris International Inc. and the finance arm of Honda Motor Co. all sold debt Thursday. Two days earlier, blue-chippers including Apple Inc., International Business Machines Corp. and Toyota Motor Corp. raised more than $23 billion in bonds in what turned out to be the second biggest day for debt sales this year…
GM Joins March of Corporate Titans Back Into Credit Markets
