Companies are paying to play in inverted debt markets
The trend this year is towards longer-dated new European corporate bond deals, where yields are lower than on shorter-dated debt, but issuers need to offer yield premium over their existing debt, 30 basis points or more. Euro investment-grade corporate issuance in the first two months of this year was €68 billion, with the average maturity of 9 years.

7 March 2023

Bloomberg