As President Dilma Rousseff’s lead narrows in polls before October’s election, she and her top opponent are courting voters with spending promises that would undermine the fiscal discipline investors say is needed to restore confidence in the economy.
Transunion Corp., the provider of credit information to banks and consumers, is offering notes as stabilizing Treasury and equity markets may allow high-yield, high-risk issuers to sell debt after being shunned this month.
Air Medical Group Holdings Inc., the provider of emergency air transportation services, is marketing debt as sales of speculative-grade bonds to fund acquisitions triple from year-ago levels as a percentage of overall volume.
Beazer Homes USA Inc., the Atlanta- based builder, is marketing debt as issuers take advantage of investor demand for the lowest-graded corporate bonds before their increased presence in the market raises default rates.
ArvinMeritor Inc., the maker of parts for automobiles and commercial trucks, is selling $250 million of notes as the average size of new U.S. corporate bond offerings is on pace to fall for the first time in seven years.