Money Snatchers

Jan. 18 — The cost to borrow in the corporate bond market is rising for the first time since November as Barclays Plc, Lloyds Banking Group Plc and more than a dozen other European banks sell record amounts of fixed-income securities to refinance $2 trillion of debt due this year.

The Senate will act to raise the country’s debt limit on Thursday before closing shop for the year. That’s the plan anyway.

The Senate will act to raise the country’s debt limit on Thursday before closing shop for the year. That’s the plan anyway.

Oct.

The total value of distressed- debt deals, where creditors use their debt positions to take ownership of troubled companies, has touched $84.4 billion this year, The Wall Street Journal said, at a pace close to double that of 2008.

Dow Chemical said Tuesday that it had priced a $2.75 billion public debt offering, and would use the proceeds to help repay a loan used to acquire smaller rival Rohm & Haas for $16.5 billion earlier this year.