US High-Grade Sales Top $60 Billion in Busiest Week Since 2022

US investment-grade corporate bond sales surpassed $60 billion, marking the busiest week in nearly two years. The bond rush was propelled by a rare Friday offering from 3M Co. healthcare unit Solventum Corp.

The firm’s $6.9 billion deal brings this week’s volume to $60.3 billion, the most since $70 billion of notes priced in the week ended March 11, 2022, according to Bloomberg News analysis.

Solventum sold bonds in six tenors, with proceeds going toward a payment to 3M, according to a person with knowledge of the matter. The longest portion of the offering, a 40-year security, will yield ...