News Formal

Companies rush to US bond market as Trump rally cuts borrowing costs

  • 📰 ftenergy
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Borrowers ‘strike while the iron’s hot’ to raise more than $50bn this week

Corporate borrowers are rushing to tap the US bond market, taking advantage of “eye-poppingly” buoyant conditions after Donald Trump’s election victory. Companies including heavy machinery maker Caterpillar, biopharma company Gilead Sciences and investment bank Goldman Sachs have raised more than $50bn this week, according to LSEG data.

“Spreads are at these eye-poppingly tight levels,” said one senior debt banker, adding that low borrowing premiums were spurring many companies to “pull forward” bond issuance they had planned for early next year. Banks, which typically move fastest to take advantage of tighter spreads, have featured heavily in this week’s borrowing spree.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Which Oil Companies Stand to Benefit Most From a Trump PresidencyThe best performers in the energy sector will be the companies with the biggest US reserves, which makes EOG and ConocoPhillips strong candidates
Source: OilandEnergy - 🏆 34. / 68 Read more »