Posted 1/25/2024, 2:44:18 PM
Companies Flock to Bond Markets, Issuing Record Corporate Debt in 2023
- Companies are issuing record amounts of corporate debt in 2023, taking advantage of lower borrowing costs
- Over $153 billion in new investment-grade corporate bonds issued so far this year
- Companies raising funds to refinance existing debt or fill cash needs rather than fund new investments
- Investors snapping up corporate debt due to expectations of future interest rate cuts
- Stock market uncertainty and cheaper debt making bond issuance more appealing than IPOs