This trading week started with another big announcement from the high-yields bond markets. The US video-streaming company Netflix (NFLX.o) published its plans to offer 2 billion junk bond to US and European markets. The notes would be in dollars and euros.
The funds will be used to content creation and production in order to keep the growth figures. This is also the second time for Netflix to offer bonds. According to Reuters Netflix issued 1,6 billion dollars in April and its total debt is 8,4 billion dollars.
Last week the company announced its quartely results, which was better than expected. The global streaming revenue growth was + 36 % year on year and the company has now over 130 million subscribers. During the Q3 period, the company got 7 million new customers, which is a new Q3 record, the company said.