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Companies borrowed a record $207 billion during August: Moody’s

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Rupert Hargreaves
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Companies borrowed a record $207 billion during August, the highest value of debt issuance ever recorded according to a September 15 Moody’s Analytics Capital Markets Report.

August’s borrowing binge reversed the slowdown in debt issuance for 2016. In the run-up to August, debt issuance for the year had been running behind last year’s total but since Brexit, corporates have taken the plunge, deciding to make the most of low-interest rate before central banks begin to tighten monetary policy.

As of September 9, year-to-date US...

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha