Bonds Soar to Rare Heights; Corporate Borrowers Feast on Cheap Debt; McDonald's to Pay Record Low Interest
Author: Mark Gongloff, Chris Dieterich; Alex Frangos</br></br>(Please see Corrections & Amplifications below.)</br></br>The global corporate-bond boom is gathering steam as companies rush to take advantage of some of the lowest borrowing costs in history.</br></br>Companies from global giants McDonald's Corp. and Kimberly-Clark Corp. to Indonesian telecommunications company PT Indosat Tbk are rushing to sell debt.</br></br>This month has been the busiest July on record for sales by U.S. companies with junk-credit ratings. Asia's debt market is on pace for a record year, and European companies are also raising money apace.