Ferro Corp., the Cleveland-based maker of porcelain enamel for cookware and appliances, is marketing debt as investors gain confidence company profits will continue to grow.

Ferro plans to sell $250 million of notes and use proceeds to redeem its convertible debt due in 2013, it said in a statement distributed by Business Wire.

Sales of corporate debt are accelerating as 82 percent of companies in the Standard & Poor’s 500 Index beat analysts’ earnings estimates, according to data compiled by Bloomberg. Investors are regaining their appetite for riskier securities as they wager that Europe’s sovereign debt crisis is contained and the financial regulatory overhaul won’t derail the economic recovery, said Eric Peiffer, managing director at KeyBanc Capital Markets. [Read More]