US corps load up ahead of June rate rise

By David Rothnie
11 May 2017

Amgen and Intel led the scramble into the US dollar bond market this week with big trades as corporates looked to lock in funding ahead of an expected interest rate rise by the Federal Reserve next month.

“May is usually busy and the signs are it won't be any different this time around,” said one syndicate banker. Thursday brought further supply, with US parcel company UPS printing a $1bn five year to repay commercial paper, while NiSource Inc was also doing the rounds to ...

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