Corporate-debt issuance sets new mark for January

02/10/2009 | Wall Street Journal, The

Global corporate-debt issuance surged last month to double the previous record for January. The easing of the credit market suggests that people are now willing to put hoarded cash back into investments. "The primary driver is demand from insurance companies and money managers in the U.S. who accumulated cash in 2008 and are now putting that to work," said Jim Probert, head of U.S. high-grade corporate-bond syndicate at Bank of America Merrill Lynch.

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Wall Street Journal, The

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