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Ford, Toyota help ignite up to $60 billion corporate bond-borrowing spree in January as investors brace for lower rates
Ford MotorFord Motor(US:F) Market Watch·2024-01-03 01:24

Ford Motor Credit and Toyota Motor Corp. were among roughly a dozen big companies embarking on roughly $26.5 billion corporate bond-borrowing spree on the first trading day of 2024.Ford’s F, -0.25% financing arm, Toyota 7203, +1.35%, Duke Energy Corp. DUK, +0.79% and Deere & Co. DE, +0.26% were among the U.S. investment-grade companies rushing to raise fresh debt on Tuesday, according to Informa Global Markets.While the start of each year typically spurs a wave of corporate borrowing, this January also look ...