Companies are increasingly opting for shorter maturities in the private placement market as uncertainty over the direction of interest rates makes borrowers reluctant to lock in elevated financing costs for extended periods, according to a report by Bloomberg citing Mizuho analysis of Private Placement Monitor data.
The research reveals that almost half of all new investment-grade private bond issuances in the US this year have carried maturities of five years or less. That compares with just 11...
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