AFP Day 2: Trump’s Tax Reform and Synthetic Euro Debt

October 24, 2017 Chatham Financial

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“Many multinationals are thinking of taking their US dollar debt capital structure and using cross-currency swaps to turn it into synthetic euro debt,” Amol Dhargalkar, managing director of Chatham Financial, told GTNews. “This lowers their interest expense pretty significantly. Treasurers can save 2+ points on interest per annum by synthetically doing euro debt. I would call it the ‘trade du jour’.

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