(Bloomberg) -- Hewlett-Packard Co., the world's
largest personal-computer maker, and Plains Exploration &
Production Co. led companies in selling $17.3 billion of U.S.
corporate bonds this week, half the amount of last week, as rising
Treasury yields drove up the cost of borrowing.
Sales fell from $34.6 billion last week and a weekly average
of $25.3 billion this year, according to Bloomberg data. Hewlett-
Packard, based in Palo Alto, California, sold $2 billion of notes
to refinance costlier debt. Oil-and-gas producer Plains
Exploration of Houston issued $600 million of bonds to repay debt
used to finance an acquisition.
Read more at Bloomberg Bonds News
largest personal-computer maker, and Plains Exploration &
Production Co. led companies in selling $17.3 billion of U.S.
corporate bonds this week, half the amount of last week, as rising
Treasury yields drove up the cost of borrowing.
Sales fell from $34.6 billion last week and a weekly average
of $25.3 billion this year, according to Bloomberg data. Hewlett-
Packard, based in Palo Alto, California, sold $2 billion of notes
to refinance costlier debt. Oil-and-gas producer Plains
Exploration of Houston issued $600 million of bonds to repay debt
used to finance an acquisition.
Read more at Bloomberg Bonds News
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