Expedia, Choice Hotels find US bond appetite

Empty hotel corridor from Adobe 9Jul20 575x375
By David Rothnie
09 Jul 2020

US corporate bond issuers got straight back to business after the July 4 weekend as 11 borrowers raised $10.8bn, though the volume of issuance is tapering off as companies head into earnings blackouts.

Supply was in line with expectations, as it settles into a pace more usual for the season after the record-breaking first half. 

Deals came from a mixture of regular issuers and one-off names, led by manufacturers of vehicles, large and small, through their finance arms.

On Monday, Caterpillar ...

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