European companies turn from loans to bonds, says Fitch
With banks more reluctant to lend and growing investor appetite for corporate bonds, European companies are turning increasingly to the bond market for funding in the style of their US counterparts, according to a report issued by Fitch on Wednesday.
Bonds represented 73% of the 1.3tr in debt used by large European developed market companies at the end of 2010, according to Fitchs analysis of 161 corporates. In 2010, total bond debt rose by 2% while bank debt was cut by 12%, said Fitch.
A more difficult banking environment,
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.