SpaceX’s decision to launch a $25bn bond sale shortly after raising $86bn from its record-breaking IPO is a clear sign that markets are entering “bubble territory”, the investment chief at insurance group Allianz has warned.
德国保险集团安联(Allianz)的首席投资官警告称，SpaceX在其创纪录的860亿美元首次公开发行(IPO)后不久便决定发售250亿美元债券，清楚地表明市场正进入“泡沫区间”。
Big investors have grown increasingly nervous that companies rushing to raise money in a flurry of big equity and bond deals — seizing on record-high stock prices and credit spreads close to their tightest in decades — could signal a top in frothy markets.
大型投资者近来日益感到不安，因为企业纷纷抓住创纪录高位的股价和接近数十年低点的信贷利差，一窝蜂通过大规模股票和债券发行交易筹资，这可能预示已经泛起泡沫的市场即将见顶。
SpaceX raising debt so soon after a blockbuster equity issuance was a “good example” of markets shifting from “a healthy boom, a stretched boom . . . into bubble territory”, said Ludovic Subran, chief investment officer at Germany’s Allianz, which manages €800bn of assets.
管理着8000亿欧元资产的安联的首席投资官卢多维奇•苏布兰(Ludovic Subran)表示，SpaceX在大规模上市后这么快就发债，是一个“很好的例证”，突显市场从“健康的繁荣、估值偏高的繁荣……进入泡沫区间”。