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URGENT-US high-grade bond market logs record month for May

By Danielle Robinson

NEW YORK, May 20 (IFR) - The US investment-grade bond market set the record on Wednesday for the busiest May ever seen.

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Five borrowers raised US$4.675bn on the day, pushing May's tally to US$134.646bn - the largest amount ever issued in the month since 2008, and the third busiest month of all time, according to IFR data.

There has been an incessant rush of deals into the high-grade primary market in the last few months. (Reporting by IFR; Editing by Jack Doran)