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.”
Company notes have become a haven for fund managers wary of placing their cash with the most indebted European governments. Investors consider corporate bond yields to be generous compared with benchmarks and view companies as well placed to benefit from the easing of Europe's credit crisis in the wake of Greece's bailout.
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.
