The debt markets have seen a massive increase in activity this week with large debt offerings from five companies raising over $12 billion.
Morgan Stanley led with a $4 billion self-offering of 10-year global subordinated notes.
General Electric Capital Corp. issued $3 billion of notes in a three part sale, which included $1 billion in two year floating rate notes sold abroad and the same amount sold domestically, along with $1 billion in five year notes.
FedEx Corp. issued $1.6 billion of three part debt in a private placement, which included $600 million in one year floating rate notes, $500 million in three year notes and $500 million in five year notes.
Equity Office Properties isued $1 billion in 10 year notes, up from its originally planned issue of $750 million.
And Calpine Corp. subsidiary CalGen received funding on its $2.4 billion secured term loans and secured notes offering. About $2.3 billion was used to repay outstanding borrowings scheduled to mature in November.