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