Banker: Big uptick in chemical debt financing

The first half of this year saw a large increase in debt financing by chemical companies, to $11.6 billion compared with $5.8 billion in the first half of 2011, according to data compiled by Young & Partners (Y&P; New York), an investment bank. The increase was driven by the high-yield debt market, which saw issuance more than triple from last year, to $6.8 billion. Investment grade issuance also posted a year-on-year increase, to $4.7 billion from $3.7 billion, Y&P says.   “Although there have been concerns around the global economy and...

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