Borrowers Rush Into Debt Markets With Billions in New Sales

Royal Caribbean, Seaworld are selling speculative grade debt
Netflix is holding investor call for possible high-grade sale

Royal Caribbean is selling $1.5 billion of junk bonds as the cruise line operator looks to refinance existing debt, according to a statement Monday. — Royal Caribbean is selling $1.5 billion of junk bonds as the cruise line operator looks to refinance existing debt, according to a statement Monday.
Photographer: Scott McIntyre/Bloomberg

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By Olivia Raimonde, Gowri Gurumurthy, and Jeannine Amodeo

July 29, 2024 at 9:00 AM EDT

Updated on

July 29, 2024 at 11:29 AM EDT

This article is for subscribers only.

Corporate borrowers are rushing to debt markets to raise cash before a series of central bank meetings kick off around the globe this week.

Ten companies are selling new bond deals in the high-grade primary market Monday, while at least 14 new leveraged loan sales began alongside seven high-yield bond offerings, according to data compiled by Bloomberg.