World’s top companies, including Apple, borrowed $1 trillion in just five months

Apple and Disney are among a swathe of world-leading companies to have collectively borrowed $1 trillion to weather the effects of the coronavirus (COVID-19) pandemic — cash raised in just five months. Software giant Oracle, aircraft manufacturer Boeing, and telecoms giant AT&T have borrowed the most; they’ve issued corporate bonds worth $25 billion, $20 billion, and $12.5 billion respectively in 2020, reports the Financial Times citing data gathered by Refinitiv. [Read: A look at the $17 billion stock portfolio of the Bill and Melinda Gates Foundation] In fact, investment-grade companies in the US are issuing bonds much faster than in recent years,…

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