American Standard Inc.'s two-part $650 million offering was three times oversubscribed, a source familiar with the issue said yesterday.

"It was a blowout," he said, citing "over $2 billion in orders for only $650 million worth of bonds."

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.