Unilever Record Low Borrowing Cost

Unilever, the large European food conglomerate, just sold $550 million worth of 5-year notes with a coupon of just 0.85 percent.

According to Bloomberg, this is the lowest ever borrowing cost for U.S. debt.

To put this into perspective, the U.S. government is borrowing money for 5 years with a coupon of 0.5 percent.

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