European firms turn to U.S. dollar bonds to avoid the unpredictable euro

07/19/2010 | Bloomberg

Western Europe's corporate-debt issuers have sold $162.8 billion in U.S. dollar bonds this year, amounting to 24% of the total and a substantial increase from last year's 16%, according to data from Bloomberg. European firms are selling a greater proportion of their debt in U.S. dollars than at any time since 2000.

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