Market Insider

Boom! Corporate debt bonanza sets a new record

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Corporate America took on a record amount of debt in the month of September as corporate Treasurers rushed to take advantage of a dip in rates and a receptive market.

Verizon's biggest ever $49 billion offer helped drive the month's investment grade offerings to an all-time high of $147.8 billion so far, besting the $133.9 billion of May, 2008, according to Informa Global Markets. But the offers picked up momentum as the month wore on, and particularly after the Fed surprised markets last week by leaving its $85 billion monthly bond buying program intact for now.

(Read more: Fed's Lacker: Guidance could hurt the economy)

This week's total so far is $34.3 billion in investment grade debt, and Tuesday alone accounted for $17 billion. There has been another $46 billion of high yield debt offered this month as well, as issuers planned to use proceeds for everything from acquisitions to share buybacks.