One of the US’s largest energy exporters was able to borrow through US junk debt markets on Tuesday, the first deal since Donald Trump’s tariff war froze the $1.4tn high-yield bond market.
A subsidiary of liquefied natural gas producer Venture Global raised $2.5bn in the sale, which was closely watched on Wall Street as a test of investor appetite for risky corporate debt, said people briefed on the matter.
It is the first high-yield bond deal since Trump announced his “liberation day” tariffs on April 2, triggering turmoil in global markets. The debt sale was increased from an initial $1.5bn offering as bankers topped up investor orders for a piece of the eight- and 10-year maturing bonds.