Search
 

Global Borrowers Gorging on Cheap Euro Bonds

Market for euro-denominated bonds has gained depth and maturity as corporate borrowers from around the world have taken advantage of low rates.

By Sally Bakewell, Bloomberg | Updated on July 29, 2015

Never have so many international companies borrowed so much for so long in Europe, and the continent’s bond market may never be the same.

The region, which up until now had catered primarily to domestic borrowers, became a prime target for foreign firms looking to raise funds this year, witnessing a record 157 billion euros (US$174 billion) of bonds. Banks and investors are now devoting more resources to meet the demand.

"The euro market has become more globally relevant over the last six months. The U.S. market doesn't always have to be the focus for corporates looking for sizable financings." --Vis Raghavan, JPMorgan ChaseEurope now lures globally recognized firms such as Time Warner Inc. as well as others scarcely known in the region, and from as far as China and Brazil. They’re attracted by borrowing costs suppressed by European Central Bank (ECB) president Mario Draghi’s unprecedented 1.1 trillion-euro stimulus program.

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

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • 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.

Already have an account?

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.

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.