M&A Comeback Puts Blue-Chip Bond Issuance Party in Full Swing

A resurgence in mergers and acquisitions dealmaking is turbocharging the market for the safest US corporate debtto its fastest pace of issuance in four years, putting it on track to post $1.5 trillion of sales.

Of the $1.5 trillion of high-grade corporate bonds expected to be issued this year, about 16% — or $215 billion — is likely to come from bonds supporting M&A deals, according to JPMorgan Chase & Co. That would be the highest M&A issuance — both in dollar terms and as a percentage of overall deals — since 2018, the analysts wrote in a Sept. ...