US investment-grade bond sales reached a record $145.2 billion in August, surpassing the previous monthly record of $136 billion set in 2020 as AI spending fuels corporate borrowing, Bloomberg reported Monday, citing data compiled by the news outlet.
The month's issuance has included Alphabet's $25 billion offering, AbbVie's $10 billion acquisition financing and HSBC's $6.75 billion offering, while Advanced Micro Devices raised $4.75 billion last week in its largest-ever dollar bond sale, the report said.
The issuance glut has made investors more selective about the debt they buy and the price they pay, Bloomberg said.
Another $9.1 billion was set to be raised Monday, while 2026 supply had reached $1.46 trillion, 8.5% above the comparable point in 2020, the report said.
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