International Business Machines Corp. (IBM), one of the world's largest computer-services providers, is marketing the biggest bond sale worth €2.5 billion (USD3.4 billion), according to a Bloomberg report.

IBM has been marketing €2.5 billion (USD3.4 billion) of seven- and 12-year securities, the report said. Big Blue's move took place after Procter & Gamble Co. and Coca-Cola Enterprises Inc. sold €1.1 billion (USD 1.5 billion) worth of debt this week.

With the European Central Bank deciding to hold down interest rates, U.S. companies have been seeking to lock in lower borrowing cost.

According to Jens Vandbrabant, lead money manager at investment firm ECM Asset Management Ltd. that is based in London, companies could raise more funds cheaply in Europe.

"Yields are a lot higher in the U.S. because the tapering sell-off was much stronger there. This should continue because the U.S. economy is growing faster, there is more focus on tapering and potential rising yields," Vandbrabant told Bloomberg.