Strong Demand for Netflix Bonds Spurs Low Yield Offering
April 24, 2020 at 10:54 AM EDT
With social distancing restrictions in effect, Netflix was able to capitalize on stay-at-home culture with 15.8 million subscribers by the end of March. The company issued $1 billion in dollar-denominated and euro bonds, which was met with record demand. Per a Bloomberg report, demand was at such a...