Borrowers sell corporate bonds at fastest pace on record

10/13/2009 | Bloomberg

Corporate-bond issuance surpassed $1 trillion this year as borrowers capitalize on lower interest rates and government support to raise funds. "Credit markets have the wind at their back, thanks to accommodative fiscal and monetary policy from global central banks," wrote Mark Kiesel, global head of corporate-debt portfolios at Pacific Investment Management Co. "Many investors who swung aggressively into credit were rewarded well for the risk they took."

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