You're the treasurer of a U.S. company and you have $1 billion of junk bonds to sell. But buyers are getting a bit sniffy. What do you do?
Go to Europe, of course. There you can fund at almost the same rate as the U.S. government. Demand will be such that you may even have to turn buyers away.
Falling swap costs, low yields and the deep pockets of Mario Draghi's ECB have come together to create a banner year for reverse Yankees from American companies borrowing in the single European currency.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
