Recovering euro draws rush of foreign corporate issuers
After years of US domination as the go-to bond market for global companies, the euro is fighting back. The distressed basis swap rate that made the euro unattractive in the crisis years is normalising, reports Stefanie Linhardt, and demand in Europe is hot. While Yankee issuance has eased a little, US deals remain attractive to European borrowers for diversification.
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