(Bloomberg) -- Corporate bond sales worldwide are poised to set an annual record as soon as this week as companies lock in borrowing costs that forecasters say are bound to rise.

Amazon.com, Volkswagen and Alibaba have propelled offerings to $3.96 trillion this year, about $7 billion short of the peak of $3.97 trillion in 2012, according to data compiled by Bloomberg. Company bond sales in the U.S. have already set annual records.

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