Schlumberger Debt Signals Free Cash as Stimulus Distorts Markets
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Investors are paying to hold Schlumberger Ltd.’s short-term debt as tumbling benchmark rates offer companies the prospect of raising funds for free.
The world’s largest oilfield services provider saw its Swiss franc-denominated commercial paper trade with a negative yield, Joao Felix, director of external communications, said by e-mail. Dutch energy company Alliander NV said last month its short-term bond yields traded below zero.