Firms issue debt in Canadian, Swiss currency to dodge euro slump

06/15/2010 | Bloomberg

Bonds denominated in the Canadian dollar and the Swiss franc account for a rapidly growing share of corporate-debt sales as issuers avoid the plummeting euro. The financing arm of General Electric is leading bond issuance in Canadian dollars this month, accounting for 10.5% of sales. Meanwhile, more companies, including Bayerische Motoren Werke, borrowed in Switzerland's currency.

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