US companies shun dollar bonds amid M&A drought
The dollar corporate bond market has endured another quiet week as blue chip borrowers looked overseas and bankers bemoaned a lack of M&A activity.
Five borrowers took home a combined $5.2bn as several big US companies preferred to visit the euro market, where they locked in attractive coupons. Bankers expect supply to pick up in the coming weeks and to reach $90bn by the end of the month. “Things will improve and ...
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