Germany’s Henkel Said to Market Bonds With Negative Yieldsby
Henkel AG and Sanofi are poised to became the first non-financial private companies to sell bonds that yield below zero.
The German household products maker may sell 500 million euros ($558 million) of two-year bonds that yield negative 0.05 percent, according to people with knowledge of the matter. Pharmaceutical company Sanofi may also sell three-year debt at negative rates, said the people, who asked not to be identified because the information is private.
Henkel is issuing the debt as part of a four-part offering. Sanofi’s deal includes three parts.