- Preparing to sell euro-denominated bonds for the first time, BlackRock (NYSE:BLK) is joining a rush of businesses looking to borrow in the depreciating currency with rock-bottom rates.
- The company had a road-show last week and hopes today to launch the raising of at least €500M in 10-year paper priced to yield just 1.4%, according to the WSJ.
- “Many corporates can already save as much as 100 basis points in yield terms by choosing euros over U.S. dollars to issue bonds, so I don’t see why the trend should slow down any time soon," says one strategist.