Seeking Alpha

Nine companies locked in low rates yesterday ahead of the Fed's policy statement. Among $7.55B...

Nine companies locked in low rates yesterday ahead of the Fed's policy statement. Among $7.55B of bonds sold were $1.75B deals from Occidental Petroleum (OXY) and Mexico's Pemex, as well as $1B from Newfield Exploration (NFX). Average long-dated corporate yields fell to 4.78% this week, and "few treasurers or CFOs would be second-guessed for locking in funding costs at these levels."
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