Wednesday, May 20, 2015

Taking advantage of the lower borrowing costs in the eurozone, McDonald's and United Technologies are now the latest big U.S. companies to issue debt in euros (called "reverse Yankee" bonds), selling €2B and €750M, respectively. The total raised by U.S. companies issuing euro-denominated debt so far this year is just over €34B (not including the latest two deals), more than double the previous record of €17B in 2007.