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And conveniently for my point, 2020 saw the largest stock and bond issuances of all time.
by tylerhou 6y ago
And conveniently for my point, 2020 saw the largest stock and bond issuances of all time.
- Retric 6y agoThey get the same amount of money from issuing bonds independent of the interest rates they pay. Injecting money into the bond market reduces their costs, but doesn’t directly hand them more money any more than a home loan at a lower interest rate does. In terms of stock issuances that’s surprisingly nuanced. Delta Airlines for example has 2.7% fewer outstanding shares in Dec 31 2020 vs Dec 31 2019.