Illinois $480-million GO bond gets solid reception despite budget impasse

By Harvard Zhang The state of Illinois was able to sell $480 million of general obligation bonds Thursday at a lower interest rate than the last competitive sale, despite its ongoing budget deadlock and pension logjam. Bank of America Merrill Lynch won the bidding among nine competitors at an overall interest rate of 3.99 percent, […]

Multinational companies grab opportunities to borrow at bargain rates

By Lei Xuan If you think the depreciation of foreign currencies against the dollar will harm U.S. multinational companies, stop worrying. U.S. firms are grabbing at the opportunity to raise funds at an extremely low cost. In the first three months of 2015, more than 20 central banks all over the world either cut interest rates […]