Firms Shy Away From Long-Dated Bond Offerings as US Yields Surge

When Aon Inc. on Monday priced $2 billion of notes maturing in 2056 as part of a debt package to fund an acquisition, investors rushed to buy it, placing orders...

By Brian Smith and Gerson Freitas Jr. · Bloomberg Markets

When Aon Inc. on Monday priced $2 billion of notes maturing in 2056 as part of a debt package to fund an acquisition, investors rushed to buy it, placing orders more than seven times the size of the offering.