A EUROMONEY SURVEY – MARCH 1996
Borrowers pile up the yankees As US interest rates approach their lowest levels in more than two decades, foreign borrowers are queuing up to raise capital. American investors, for their part, are snapping up long-term bonds and bonds issued by lesser credits. The People’s Republic of China $400 million yankee issue in January – $100 million for a stunning 100 years – has been the most dramatic demonstration of this convergence of interests to date.
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