Corporate Borrowing & Debt

Global yields have experienced a dramatic turnaround from August, when more than $1.5 trillion of debt—most of it in Europe—came with a subzero yield.

As LIBOR rises—blowing past 1% yesterday, for the first time in nearly two years—more struggling junk-rated borrowers may end up with negative cash flow, unable to pay interest payments on their loans.

U.S. fossil-fuel suppliers begin to tie bank credit lines to climate targets.

If signed into law, the measure will head off uncertainty and legal fights around some $16 trillion of LIBOR-linked deals that may survive beyond June 2023.

Investors' interest in companies' ESG performance, and in ESG-focused investment options, may be pivotal in convincing organizations to take sustainability issues seriously.

Twice as many loss-making firms raised capital last year as did profitable ones, giving many companies additional liquidity to weather investors' tighter purse strings this year.