issuance

The net result of all this and a slightly lower than expected issuance of UK government bonds, was that markets were more than calm.

“Employees benefiting from a rising share price does not indicate the original equity grants were excessive at the time of issuance.”

If costs keep climbing, bond issuance from such businesses next year could come in at the low end of Wall Street estimates ranging from around $20 billion to $60 billion, they said.

He cites the example of Japan and China where huge debt issuance caused monetary deflation to which their central banks responded by allowing their currencies to devalue.

After the new issuance, Oracle’s outstanding debt load surpassed $100 billion, making it the most indebted big tech company with an investment-grade rating.