European Companies Scrambling to Issue Debt

ECB European Central Bank

With the ECB expanding its quantitative easing program to include corporate debt, European companies are now scrambling to issue as much debt as they can as cheap rates. These issue are selling BECAUSE it is assumed they have a guaranteed bidder being the ECB. At least this part of the QE is far better than buying government paper. Ferrovial Emisiones SA of Spain sold bonds maturing in September 2022. Schaeffler AG of Germany is now looking to sell €2.8 billion euros of securities. The German household product manufacturer Henkel AG actually issued notes with negative yields, which is again the flood of cash trying to buy German paper as the hedge against the collapse of the euro. Things are heating up in Europe on the debt scene.

Latest Posts

Market Talk – April 24, 2024

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 increased 907.92 points or 2.42% to 38,460.08 Shanghai increased 22.84 points or 0.76% to 3,044.82 Hang [...]
Read more

The World’s Most Censored Democracy

?#Breaking A bishop and several worshippers have been attacked in another mass stabbing in Wakeley, Sydney Australia — Javeria Sultan (@javeria_sultan1) April 15, 2024 Australia is rapidly becoming the [...]
Read more

Banks Wage War on Gun Ownership

The government has successfully weaponized the banks against the people. Major banks are voluntarily sharing customers’ private transactions with the federal government “as part of a wildly overbroad financial surveillance [...]
Read more