Europe’s Cheap Debt Draws Record Borrowing by U.S. Companies

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Europe’s Cheap Debt Draws Record Borrowing by U.S. Companies
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Medtronic, Coca-Cola and IBM are among the businesses that raised an unprecedented $113.5 billion from so-called reverse Yankee bonds in 2019

Coca-Cola Co. and International Business Machines Corp. were among the companies that raised a total of €101.

7 billion —a record for nonfinancial company debt—by selling corporate bonds denominated in euros in the past year, according to data from Dealogic. That was more than double the €42.2 billion...

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