EU Companies’ Debt in Demand

Treasurers reap benefit of corporate debt’s status as safe haven.

There’s never been a better time to be a corporate treasurer in Europe as cash-rich investors line up to buy bonds at the lowest rates ever.

“Treasurers are in pole position,” said Henner Boettcher, funding chief at HeidelbergCement AG, which raised 300 million euros ($400 million) from bond markets on March 2. “If you’re a company needing cash, right now is the time to get it.”

ECB Cash

Treasurers are also benefiting from the European Central Bank’s program of injecting banks with more than $1 trillion of cheap loans and a successful Greek debt-swap that led to a second bailout, easing concern that the region’s sovereign debt strains will trigger corporate defaults.

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