Borrowing costs

Junk-rated companies benefit from record US borrowing costs

It’s never been cheaper for companies with ‘junk’ credit ratings to borrow money in the US as investors’ voracious appetite for riskier debt drives interest rates down paid on recent bond transactions at record highs. Health insurance company Centene Corporation became the latest junk-rated issuer to guarantee a cost of borrowing below 3% this week, […]

Borrowing costs

India confident of keeping 2021/22 borrowing costs below 6% levels: Sources

Mumbai | NEW DELHI: The Indian government is confident it can secure funds for its massive 2021/22 borrowing program at less than 6.0% as the central bank has given assurances that it will provide ample liquidity, two senior officials told Reuters. Bond yields jumped on Friday after the central bank’s policy meeting amid investor concerns […]

Borrowing costs

Influx of cash pushes borrowing costs to unusual levels in Europe

Too much money for too few assets creates strange phenomena at the heart of European financial markets. A striking example: some companies and most banks can now borrow at rates lower – and even below zero – than the rate set by the European Central Bank. Italy’s Enel SpA, one of Europe’s largest power producers, […]