CREDIT DAYBOOK AMERICAS: August Bond Sales May Just Miss $100b

With likely the last deals of the week sold in the US investment-grade market Tuesday, August volume is just shy of the $100 billion mark — a level topped in two of the past three years.

• Two borrowers raised a combined $1.8 billion in new US investment-grade subordinated debt on Tuesday, bringing this week’s total to $2.85 billion
• Dealmaking during the typically slow summer months has crossed the $1 trillion mark after a burst of mergers and acquisitions in August
• A group of banks led by Bank of Montreal is looking to relaunch a loan supporting HIG Capital’s buyout of ...