U.S. corporate bond sales fall in 2002

Newswire

NEW YORK, Dec 31 (Reuters) - U.S. corporate bond sales in 2002 tumbled 22 percent from a year ago, as investors nervous about the economy, credit quality and corporate fraud favored the safety of U.S. government debt. Citigroup Inc.'s Salomon Smith Barney unit, Credit Suisse Group Inc.'s Credit Suisse First Boston unit and Merrill Lynch & Co. were the top investment-grade, junk and convertible bond underwriters, as in 2001, Thomson Financial of Newark, New Jersey, said on Tuesday. ...

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