High-Yield Bond Issuance Abbout $7 Billion; Chrysler Tops List

With Chrysler Group LLC's $3.5 billion bond topping the list, the high-yield bond market has seen about $7 billion in new deals Tuesday as investor appetite is robust.

Dish/Echostar has a $1.8 billion bond, Petrohawk Energy has a $600 million bond, Longview Fibre has a $450 million deal, Centene Corp. has a $250 million bond, Exopack Holding has a $225 million deal, First Wind Capital has a $200 million deal, Integra Telecom Inc. has a $260 million bond and Amkor Technology has a $400 million bond.

"Most of these companies, save for the first two, aren't major issuers, but the total $6.7 billion in volume on the day is among the biggest one-day totals we've seen," said Guy LeBas, chief fixed income strategist at Janney Montgomery Scott in Philadelphia.

The strong interest in higher-yielding assets is one reason Chrysler increased the size of its bond offering to $3.5 billion from $2.5 billion, market participants said.

-By Anusha Shrivastava, Dow Jones Newswires; 212-416-2227; anusha.shrivastava@dowjones.com

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