For some, capital expenses are back on the table, as well as exploring acquisitions and other ventures in their industries, a sign that the economy is slowly emerging from the recession"As the markets have recovered and the broader financing environment has continued to improve, a growing number of issuers have begun to resurrect capital-expenditure plans" said Jim Merli, head of fixed-income syndicate, Americas, at Barclays Capital.Also driving the new supply of bonds will be those who buy back their outstanding paper, said Jim Probert, head of investment-grade debt syndicate at Bank of America Merrill Lynch.Over the past two weeks, MeadWestvaco Corp. and R.R. Donnelley & Sons Co. have sold new notes due in 2019 and 2016, respectively, to fund buybacks of notes maturing by 2012.
Full Article at Wall Street Journal