(Bloomberg) -- J.C. Penney Co., the third-biggest U.S. department-store chain, and discounter Target Corp. led borrowers selling $24.1 billion of bonds this week as issuance accelerated amid gains in corporate profits.
Sales rose from $14.7 billion last week and exceed this year's weekly average of $22.5 billion, according to data compiled by Bloomberg. J.C. Penney and Target each sold $1 billion of bonds. For Plano, Texas-based J.C. Penney, the offering was its largest in a decade.
Read more at Bloomberg Bonds News
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