The Pak Banker - - FRONT PAGE -

Cor­po­rate bond sales in the US from fi­nan­cial in­sti­tu­tions are on track for their weak­est Jan­uary since 2012, de­spite more than $10 bil­lion in deals on Fri­day from Mor­gan Stan­ley, Wells Fargo & Co. and Royal Bank of Canada.

Mor­gan Stan­ley, which this week re­ported profit and rev­enue that ex­ceeded an­a­lysts' es­ti­mates, sold $5.5 bil­lion of bonds in a three-part of­fer­ing that is the big­gest deal from a fi­nan­cial in­sti­tu­tion so far this month, ac­cord­ing to data com­piled by Bloomberg. In ad­di­tion, Wells Fargo is­sued $3.5 bil­lion in debt, while Royal Bank of Canada raised $1.5 bil­lion.

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