Friday, May 4, 2007

Edison International, Morgan Stanley Lead Rebound in Corporate Bond Sales

(Bloomberg) -- Edison International, the largest buyer of wind power, and securities firm Morgan Stanley led borrowers in selling $33 billion of bonds this week, the third-most this year, as issuance accelerated amid signs of a rebounding economy.

Sales rose from last week's $25.5 billion and exceeded this year's average of $22.8 billion, according to data compiled by Bloomberg. Edison, based in Rosemead, California, sold $2.7 billion of bonds through one of its units, while Morgan Stanley issued $3.75 billion of senior floating-rate notes.


Read more at Bloomberg Bonds News

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