12-02-2025
US Firms Are Tapping Europe's Cheaper Bond Market Like It's 2007
Blue-chip US companies are raising euro debt at breakneck speed in a bid to lock in significantly lower borrowing costs across the pond.
So-called reverse Yankee issuance reached €23.4 billion ($24.3 billion) so far this year, the highest for this period since 2007, according to data compiled by Bloomberg. Big ticket deals from T-Mobile US Inc. and International Business Machines Corp., as well as offerings from major Wall Street banks, have contributed to the total.
