(Reuters) - U.S. companies have issued an equivalent of $96 billion in bonds in euros, sterling and other major non-dollar currencies year to date, up from $55 billion last year, according to financial data provider Dealogic.
"We've seen a number of U.S. companies tap the European market because they're making acquisitions here and they want to get some euro funding -- and they can," said Joe Biernat, director of research for European Credit Management in London. "The European market is big and deep, and there are plenty of investors here who are happy to lend."
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