Banks
NEW YORK: Companies around the globe, concerned that heightened tensions between the US and Iran could roil bond markets, are rushing to borrow cheaply while they still can.
Investment-grade firms have sold more than US$61bil of notes in the US through Thursday, double the same period in 2019. In Europe, investment-rated and junk bond sales including company and country debt broke a 79bil (US$88bil) weekly record set a year ago. Borrowers from around the Asia Pacific region sold more than US$28bil in dollar notes this week, in a record start.
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