Siemens just borrowed $1.6 billion without offering a penny in interest, another sign that investors are betting that rates are going to fall even further as storm clouds gather over the global economy
London Siemens just borrowed $1.6 billion without offering a penny in interest. it's another sign that investors are betting that rates are going to fall even further as storm clouds gather over the global economy.
The German industrial conglomerate this week borrowed €3.5 billion from investors in the lowest-yielding bond issue ever recorded by a company, according to a source familiar with the transaction.Insiders are selling stock like it's 2007Siemens borrowed €1.5 billion euros over two and five years. Those bonds offered a zero coupon and were priced with negative yields, meaning investors are effectively paying to lend the company money if they hold the debt to maturity.
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