Credit Markets Flooded With Borrowers in September Spree

Borrowers from across the globe are rushing into the bond market, with more than $128 billion of sales so far this week, and investors are lapping up the new debt.

In the US, 13 issuers offered high-grade bonds on Wednesday, including Blackstone Inc.’s flagship private credit fund and Dow Chemical Co. That’s a day after 27 issuers sold $43.3 billion of debt altogether, the third largest amount in volume ever. In the high-yield market, seven new deals are being sold Wednesday, making 10 so far for the week.