U.S. companies are forecast to cross the Atlantic to raise funds in euros at the fastest pace in at least eight years in 2015 as borrowing costs in Europe fall below dollar rates by the most in a decade.
Apple Inc., Verizon Communications Inc. and Albemarle Corp. led $83 billion of bond issuance by American borrowers this year, the busiest since 2007 and 45 percent higher than 2013, according to data compiled by Bloomberg. The number will be surpassed next year as depressed funding costs endure, according to Barnaby Martin, a credit strategist at Bank of America Merrill Lynch, and Jens Vanbrabant, the lead money manager at London-based ECM Asset Management Ltd.
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