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High-grade issuance tally for May now at new monthly record

By Anthony Rodriguez

NEW YORK, May 26 (IFR) - Pharmacy giant Walgreens launched a

US$6bn five-part bond on Thursday and pushed the US high-grade

issuance tally for May to US$160.824bn, setting a new record for

the busiest month ever.

The Walgreens's deal, which is being used to fund its

acquisition of Rite Aid, joins a string of borrowers that have

issued US$6bn plus deals this month.

This includes a jumbo US$20bn multi-tranche offering from

computer giant Dell to fund its purchase of EMC (Taiwan OTC: 5299.TWO - news) .

Pricoa Global Funding was also in the market Thursday with a

a US$500m five-year bond.

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Below is a table of the busiest months.

AMOUNT PERIOD

(US$bn)

May-16 US$160.824bn

May-15 US$156.996bn

Mar-15 US$149.760bn

Sep-13 US$143.903bn

May-08 US$133.929bn

Below is a table of the largest deals in May 2016

Date Issuer Amount (US$bn)

05/17/16 Dell US$20

05/19/16 Southern Co US$8.5

05/18/16 HSBC US$8

05/09/16 AbbVie US$7.8

05/05/16 Shell US$7.25

05/09/16 Chevron Corp US$6.8

05/26/16 Walgreens US$6

(Reporting by Anthony Rodriguez; Editing by Paul Kilby and

Shankar Ramakrishnan)