There's never been a better time to be a corporate treasurer inEurope as cash-rich investors line up to buy bonds at the lowestrates ever.
“Treasurers are in pole position,” said Henner Boettcher,funding chief at HeidelbergCement AG, which raised 300 millioneuros ($400 million) from bond markets on March 2. “If you're acompany needing cash, right now is the time to get it.”
Company notes have become a haven for fund managers wary ofplacing their cash with the most indebted European governments.Investors consider corporate bond yields to be generous comparedwith benchmarks and view companies as well placed to benefit fromthe easing of Europe's credit crisis in the wake of Greece'sbailout.
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