Tuesday trio to spur reverse Yankee issuance

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By Jasper Cox
04 Feb 2020

IBM Corporation issued a bond in euros on Tuesday, while Comcast Corporation and Dow Chemical came out with mandates in the currency. The deals come at a time when reverse Yankee issuance has been flagging compared with last year.

Reverse Yankee issuance hit €131bn last year, higher than any total since 2013, according to research from one debt capital markets team. US issuers have been lured to the euro market by low rates and diversification, although one syndicate official said recently he did not expect this year’s ...

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