Microsoft Boosting U.S. Bond Sales in Euros to Most Since 2008
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Microsoft Corp. and Bank of America Corp. are marketing bonds in euros, spurring deals in the currency from U.S. borrowers to the most since 2008.
American companies have raised 39 billion euros ($53 billion) from debt sales this year, compared with 20 billion euros in 2012, according to data compiled by Bloomberg. The average yield gap between investment-grade bonds in euros and dollars is 1.3 percent, approaching the widest discount for borrowers in the common currency since Sept. 13, Bank of America Merrill Lynch index data show.