By Mike Gambale and Davide Scigliuzzo
NEW YORK, Sept 7 (IFR) - The US corporate bond market is offto a roaring start in September with at least 12investment-grade borrowers expected to sell bonds on Wednesday,according to market sources.
The junk bond market has also burst to life after the LaborDay holiday with at least twelve new deals announced this weekso far, mostly to refinance debt.
Among high-grade borrowers due to price deals Wednesday isShell International Finance, which is selling an up tofive-tranche trade, and a number of Yankee deals from issuersincluding Mizuho Financial Group, Nationwide Building Societyand the Royal Bank of Scotland.
The US high-grade bond market has already priced overUS$22bn of supply this week after 14 issuers bombarded themarket on Tuesday in what was the busiest day for issuance bynumber of deals, according to IFR data. (Reporting by Mike Gambale and Davide Scigliuzzo; Writing byNatalie Harrison)
