Global chaos cocktail puts dollars on ice

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By David Rothnie
21 Jan 2016

The global sell-off in commodities and stocks has brought the US corporate bond market to a standstill, leaving corporate issuers unsure about when they can tap the market after the only trade of the week stumbled and AB InBev’s $46bn blockbuster continued to underperform.

“Most issuers would not want to access the market with these conditions,” said Jim Turner, head of debt capital markets for the Americas at BNP Paribas in New York.

Extreme swings in global equity markets and a continuing fall in the price of crude oil conspired to shut ...

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