Corporate pension funding debt sales

So far in 2016, six companies have elected to issue debt for pension funding purposes. Through mid-September, nine separate issued have been offered for a total $6.65 billion. This number is up from two firms and $550 million in 2015. The amount of debt offered so far in 2016 is the largest since 2010, when $7.6 billion was issued.

General Motors Co. and Cox Communications Inc. make up the majority of the year's offerings, as each offered two issues this year with total par values of $4 billion. General Motors offered 20- and 30-year securities in February, both with BB+ ratings from Moody's, while Cox offered two 10-year notes, each with BBB ratings.

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