Friday, July 13, 2007

Disney and PepsiAmericas Lead U.S. Borrowers as Corporate Bond Sales Slow

(Bloomberg) -- Walt Disney Co., the second-largest
media company, and PepsiAmericas Inc., led U.S. investment-grade
companies that sold $15.1 billion in bonds as sales dropped 33
percent from the same week a year earlier.

Disney, based in Burbank, California, sold $1.1 billion of
bonds and Minneapolis-based PepsiAmericas, the second-largest
bottler for PepsiCo Inc., raised $300 million. No borrower rated
below investment-grade sold bonds as investors shunned the
riskiest of debt.


Read more at Bloomberg Bonds News

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