Junk bond sales in the US so far this year topped US$200bn on Friday, putting supply some US$25bn ahead of the volumes seen over the same period in 2016, according to IFR data.
A US$4.1bn-equivalent bond sale for Avantor’s acquisition of VWR, which included a US$3.5bn dollar portion, helped push supply over the US$200bn mark.nL2N1M30YZ
Junk-rated issuers have raised a little over US$26bn in the US market so far in September.
Volumes in the US high-yield market did not cross the US$200bn mark until November 16 last year.