This year's new corporate issues could break the 1991 full-year record of $159.6 billion by Labor Day, according to one expert's figures.

In fact, the 1992 new issue needs just $1 billion to $1.5 billion more to catch the old full-year record of $157 billion set in 1986, according to Mike Bassett, a vice president at N. J.-based Stone & McCarthy Research Associates. That estimates did not include yesterday's total.

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