Borrowers warned to not take refinancing risk lightly

With a debt maturity wall looming, issuers should not assume good access to markets today will still be available next year, said participants at a press conference in London

Are borrowers taking market access for granted ahead of maturity wall?

Some borrowers may be underestimating the task of refinancing debt ahead of the anticipated maturity wall coming in the next few years. That was the view of speakers at a press conference in London held to mark the release of the 2011 Refinancing Report, a joint initiative by Debtwire, Freshfields, Roland Berger Strategy Consultants and Rothschild.

According to estimates, the amount of sub-investment grade debt due to mature in Europe over the next five years is around €250 billion; yet may in