I suspect and hope many of these borrowers issuing dollar-denominated debt are also entering into foreign exchange futures contracts. The reason they'd want to

I suspect and hope many of these borrowers issuing dollar-denominated debt are also entering into foreign exchange futures contracts. The reason they'd want to expose themselves to US dollar FX risk and then hedge that risk is to make their debt appeal to a wider range of international buyers. This post shouldn't be construed as financial advice in any form.