Companies push bond-market borrowing to annual record

09/21/2009 | Financial Times (tiered subscription model)

Low borrowing costs prompted companies to tap the corporate-bond market this past week. Total dollar borrowing in the country reached an annual record, and bankers are optimistic that corporate-debt sales could reach $1 trillion this year. "Opportunism will abound in the current rate environment and with borrowers looking to steal a march on next year's financings," said Jonathan Fine, a managing director on the investment-grade syndicate desk at Goldman Sachs.

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