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.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • 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.
NOT FOR REPRINT

© 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.