Corporate Europe Embraces Bonds as Yields Plunge to Record Low
- Another 2.1 billion euros of sales added to week’s tally
- Negative yields have spread to non-financial euro bonds
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There’s no stopping the flood of corporate bond sales in Europe, with companies locking in record-low borrowing costs on another 2.1 billion euros ($2.4 billion) of debt.
Spain’s Ferrovial Emisiones SA sold bonds maturing in September 2022 and Thermo Fisher Scientific Inc. issued 1.6 billion euros of debt, according to data compiled by Bloomberg. Schaeffler AG of Germany said it is seeking to sell the equivalent of 2.8 billion euros of securities. Debt issuance on Tuesday, including those in the financial sector, totaled about 11 billion euros.