US Corporate-Bond Sales Surge as Borrowing Costs Keep Falling

From tech behemoths to power producers, companies have pushed US corporate-bond sales to historically high levels this month as firms capitalize on falling borrowing costs and unquenched investor demand.

Amid Oracle Corp.’s $18 billion deal Wednesday, investment-grade issuance has topped $190 billion for just the seventh month ever in September, according to data compiled by Bloomberg. Junk-bond sales, meanwhile, are set to reach their highest monthly total since September 2021 at $43 billion as $7.95 billion of notes are expected to price by day’s end.

The high-grade market on Tuesday set an issuance record for September, typically one of ...