Companies across the globe took advantage of lower borrowing costs to sell a record amount of bonds in 2019, prompting renewed concerns among policymakers about soaring levels of debt.
Just over $2.5tn of corporate bonds were sold over the year, inching past the previous record set in 2017, according to data from Dealogic.
Issuance was boosted by supportive moves from major central banks, which reversed course and lowered interest rates, helping to cut the costs of borrowing for all sorts of companies.
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