McDonald’s is marketing euro bonds, taking advantage of borrowing costs that have fallen to the lowest in a year because of the ECB’s expanding its stimulus programme.

Divided global bank regulators are preparing for a showdown on rules intended to make sure taxpayers will not be on the hook when one of the world’s biggest lenders fails.

Senior bonds of Greek banks tumbled yesterday after euro area finance ministers protected depositors from any losses in the country’s €86bn bailout.

Apple is debuting €2.8bn of bonds as the iPhone maker seeks to fund another round of shareholder rewards without using overseas cash that would be subject to US repatriation taxes.