Companies borrowed a record $207 billion during August: Moody'sRupert Hargreaves
Companies borrowed a record $207 billion during August, the highest value of debt issuance ever recorded according to a September 15 Moody’s Analytics Capital Markets Report.
August’s borrowing binge reversed the slowdown in debt issuance for 2016. In the run-up to August, debt issuance for the year had been running behind last year’s total but since Brexit, corporates have taken the plunge, deciding to make the most of low-interest rate before central banks begin to tighten monetary policy.
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