Telephone companies, hardly renowned as movers and shakers in the corporate bond market, are stepping up their debt financing now that interest rates are again heading north.

Wall Street underwriters have priced more than $1.5 billion of phone paper over the past week alone, and market players say more offerings may be in the offing as phone companies try to outrun rising borrowing costs.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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