Anleihen: Für schwache Schuldner wird es eng
Die steigenden Renditen zeigen auch bei Firmenbonds ihre Wirkung. Für Unternehmen mit guter Bonität bleibt die Finanzierung tragbar – schwachen Schuldnern drohen deutlich höhere Zinslasten.
In Frankfurt, investors are demanding higher interest rates for issuing corporate bonds as mistrust towards extensive government debt soars. According to Bloomberg data, this shift is particularly pronounced in France, where companies' bond yields are now 18 times lower than those of French government bonds compared to earlier this year. This unusual reversal indicates the disarray that rising yields on government bonds have caused in the corporate financing world.
Denis Ertungealp, a representative of the US bank Bank of America (BofA) who advises German industrial groups on bond issuance, describes this as one of the biggest issues at the moment. The increasing yields of government bonds have also made refinancing for companies more expensive. While firms remained insulated from the extreme swings in government debt for a long time, this situation has changed in recent weeks.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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