International Business Machines Corp. sold $20 billion of bonds Wednesday to help fund its purchase of Red Hat Inc., adding to a busy week for corporate-debt issuance a day after Bristol-Myers Squibb Co. sold $19 billion of bonds to finance its acquisition of Celgene Corp.IBM’s sale is the largest of the year—overtaking the Bristol-Myers deal—and tied for the seventh-largest on record, according to Dealogic.

Source: Wall Street Journal May 08, 2019 17:13 UTC