Record-high bond issuance! This year, major US cloud companies have issued bonds at four times the average of the past five years, with bond spreads widening significantly.
Bank of America’s latest report reveals an unprecedented debt issuance spree by major U.S. tech giants, and the impact this has had on the credit bond market.
According to Chase Wind Trading Desk, Bank of America points out in its latest report that the five largest U.S.