Debt Markets Off To Strong Start In 2021 As Cos. Seek Cash

By Tom Zanki (February 5, 2021, 10:24 PM EST) -- Corporations are once again tapping debt in droves, raising hefty sums of cash through investment-grade and high-yield offerings and keeping capital markets attorneys busy to start the new year after a robust 2020.

E-commerce giant Alibaba Group Holding Ltd. joined the spree on Friday, selling $5 billion in bonds. Alibaba's debt sale capped an active week that also included a $14 billion offering by Apple — the largest year to date by a U.S. corporation — a nearly $10 billion offering by Boeing and a $5.5 billion offering by Altria. 

"This year is off to an incredibly strong start as issuers are...

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