US companies set to keep on coming

摘要

US companies are lining up euro deals that could give the moribund European corporate bond market a much-needed boost after a dire start to the year. US issuers have already borrowed €4.55bn this year, more than a third of the total euro corporate supply, and a new wave of issuers is readying deals to take advantage of lower yields and more stable spreads after the US primary market stayed shut for the sixth straight day on Friday. Aircraft manufacturer united technologies tapped euros for a €2.2bn three-tranche deal on Friday, following fellow corporates over the past fortnight such as oil outfit Schlumberger and industrial gases company Praxair.