Bonds versus loans: A shift in the balance of power

With the bank lending market going through a process of downsizing following the financial crisis, European corporates are tapping the bond market in record numbers. And rather than a cyclical trend, many market commentators believe the phenomenon heralds the beginning of a permanent shift.

Borrowing money used to be a simple task for Europe’s financial directors. They would tell their banks how much money was needed, and acquire a loan. While the formula worked well, it also stultified European

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: