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CM - Exxon surprises markets with new euro-denominated bond sale - June 2020

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Exxon Mobil Corp. dared to go where it hasn’t gone before—into eurobonds. It issued €4.5 billion ($5.24 billion) of notes in four separate tranches on June 23. The eurobonds are a departure from Exxon’s usual corporate debt raising—the first eurobonds among the $46.6 billion in notes currently outstanding on the AA rated issuer’s balance sheet. Including these notes, the US’ largest oil and gas company has floated over $23 billion worth of debt YTD.......
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