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The Wall Street Journal: Broadcom wraps up $13.55 billion corporate bond sale

Broadcom Ltd. completed the largest corporate bond deal of the year on Wednesday, selling $13.55 billion of debt in the latest sign of the strong appetite for investment-grade securities among investors.

The chip maker earlier Wednesday signaled plans to sell around $10 billion to $13 billion of bonds but was able to increase the size of the offering after it met with robust demand, people familiar with the matter said.

U.S. investment-grade companies, including financial institutions, issued $65 billion of debt so far this year through Tuesday, the most for any comparable period in records going back to 1995, according to data provider Dealogic.

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