With the ECB expanding its quantitative easing program to include corporate debt, European companies are now scrambling to issue as much debt as they can as cheap rates. These issue are selling BECAUSE it is assumed they have a guaranteed bidder being the ECB. At least this part of the QE is far better than buying government paper. Ferrovial Emisiones SA of Spain sold bonds maturing in September 2022. Schaeffler AG of Germany is now looking to sell €2.8 billion euros of securities. The German household product manufacturer Henkel AG actually issued notes with negative yields, which is again the flood of cash trying to buy German paper as the hedge against the collapse of the euro. Things are heating up in Europe on the debt scene.