US M&A funding frenzy feeds dollar record year

The M&A financing frenzy that propelled the US corporate bond market to record issuance this year is showing no signs of slowing, with bankers expecting more of the same in 2016. This week it was Visa's turn to round off what has been a stupendous year for jumbo deals by making its dollar debut with a blockbuster $16bn trade. David Rothnie reports.