CREDIT DAYBOOK AMERICAS: Mars Raises $1b Before Bigger Debt Sale

Mars is borrowing the equivalent of $1 billion through privately placed bonds ahead of a larger issue of public investment-grade bonds expected in coming weeks. Elsewhere, activity in primary markets is expected to be muted with the December jobs report scheduled to be released at 8:30 a.m. New York time.

• Mars borrowed in US dollars and sterling, and will use the proceeds to help refinance a $29 billion bridge loan it took out in August to help buy foodmaker Kellanova
• US high-grade issuance is set to end the week at about $60 billion after there were no sales Thursday, an ...