Friday, June 29, 2007

UPDATE 1-US corporate bond sales rise in 1st qtr-Thomson

(Reuters) - U.S. companies sold $93.72 billion of high-yield bonds in
the first half of the year, up from $65.39 billion in the same
period last year. High-grade bond sales totaled $547.34 billion
in the first half, up from $486.85 billion in the same period
last year, Thomson said.




"Our experience is you tend to get more than half of the
supply in the first half of the year," said Jim Merli, global
head of the debt syndicate at Lehman Brothers in New York.
However, issuance in the second half is likely to be near
levels seen in the first half of the year, he said.


Read more at Reuters.com Bonds News

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