The yield spread between the US and Europe has attracted American companies, and the issuance of reverse Yankee bonds this year has reached the highest level since 2007.
On February 12th, Jinshi Data News reported that American blue-chip companies are issuing euro bonds at a very fast pace in order to lock in much lower borrowing costs on the other side of the Atlantic. Data shows that the issuance volume of so-called reverse Yankee bonds has reached 23.4 billion euros (24.3 billion US dollars) so far this year, the highest since the same period in 2007. Large bond deals by T-Mobile US and IBM, as well as issuance by Wall Street giants, have boosted the total amount of bonds issued.
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The yield spread between the US and Europe has attracted American companies, and the issuance of reverse Yankee bonds this year has reached the highest level since 2007.
On February 12th, Jinshi Data News reported that American blue-chip companies are issuing euro bonds at a very fast pace in order to lock in much lower borrowing costs on the other side of the Atlantic. Data shows that the issuance volume of so-called reverse Yankee bonds has reached 23.4 billion euros (24.3 billion US dollars) so far this year, the highest since the same period in 2007. Large bond deals by T-Mobile US and IBM, as well as issuance by Wall Street giants, have boosted the total amount of bonds issued.