Big Tech drives US corporate bond sales to annual record high, data shows

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Big Tech drives US corporate bond sales to annual record high, data shows

By Shashwat Chauhan

Nov 6 (Reuters) - US investment-grade corporate bond issuance climbed to $1.88 trillion this year, LSEG data showed, surpassing the previous annual record as Big Tech companies borrow heavily to fund their AI ambitions.

The 18.7% rise in debt issuance from a year ago until November 4 breached the previous record of $1.86 trillion raised in 2020 when companies stockpiled cash during the COVID-19 pandemic, driven by near-zero interest rates.

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