Borrowing in Europe is so cheap that U.S. companies includingDow Chemical Co. are looking at selling bonds there for the firsttime in years, or even ever.
The chemical company began meeting with investors in Europe lastweek about a possible bond sale in as many as three parts,according to people with knowledge of the matter. Investors andstrategists are trying to figure out which other corporations willfollow suit.
Barclays believes that energy company Exxon Mobil Corp. andhard-drive maker Seagate Technology may be among the nextborrowers. Exxon Mobil and Seagate declined to comment. Dow and itsunits haven't had euro-denominated debt outstanding since 2014,according to data compiled by Bloomberg.
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