Financial Times FT.com

Confidence spurs long bonds

By David Oakley

Published: December 1 2009 19:36 | Last updated: December 1 2009 19:36

A promising trend has emerged among governments and corporates in recent months – the issuance of longer-dated bonds.

China, Qatar, the Brazilian corporate giants Petrobras and Vale as well as BAA, the UK airports operator, have all jumped on the bandwagon in the bid to go long, lured by borrowing costs close to historic lows and the security of locking in debt that does not have to be paid off for many years.

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