Search
 

Corporate Bond Drought Gives Way to Deluge

Borrowers rush to market ahead of possible Fed move.

By Michelle F. Davis and Cordell Eddings, Bloomberg | Updated on September 10, 2015

The biggest rush of borrowers this year descended on the bond market Wednesday as companies sought to lock in financing before the Federal Reserve considers raising interest rates for the first time in almost a decade.

Global optimism that buoyed equities from Japan to Europe fostered demand for company debt and cleared the way for benchmark-sized bond deals, including a $10 billion offering by Gilead Sciences Inc. and Frontier Communications Inc.’s plan to raise $6.6 billion– which would be the year’s second-biggest junk offering.

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.