Basis-swap costs get less onerous for US issuers

Headline: Basis-swap costs get less onerous for US issuersSource: EuromoneyDate: October 2001Author: Simon Boughey EURO-DENOMINATED BONDS Although deeper and more liquid than anyone had dared predict, the nascent euro-denominated bond market in 1999 had one weakness: it was failing to secure may US issuers. However, during the first eight months of this year the costs […]

Headline: Basis-swap costs get less onerous for US issuers
Source: Euromoney
Date: October 2001
Author: Simon Boughey

EURO-DENOMINATED BONDS

Although deeper and more liquid than anyone had dared predict, the nascent euro-denominated bond market in 1999 had one weakness: it was failing to secure may US issuers. However, during the first eight months of this year the costs of issuing in euros narrowed for a great many US borrowers, and increasing numbers of them began to recognize the attraction of the euro market.






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