Dell increases bond target to $20bn in EMC purchase

Dell increased the amount of debt it will raise in the investment-grade bond market after the computer maker received over $80bn (€70.7bn) of orders from investors.

The company now plans to sell $20bn of notes, up from an initial target of about $16bn, according to a source, to help pay for its acquisition of EMC.

The offering will be the year’s biggest corporate bond sale since Anheuser-Busch InBev sold $46bn of bonds in January to finance its takeover of SABMiller.