Draghi's easy-money policies benefit corporate America the most

New York

AMERICAN companies are increasingly looking like some of the biggest beneficiaries of Mario Draghi's unprecedented efforts to stimulate Europe's economy.

US companies are for the first time the biggest borrowers of euro-denominated corporate bonds, issuing a record 87.7 billion euros (S$132.8 billion) of debt, according to data compiled by Bloomberg. Companies from Apple Inc to McDonald's Corp have made up a fifth of total new issuance in the market, more than any European country and up from just 1.5 per cent five years ago.