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.

  • 19 Oct 2011

Bonds represented 73% of the €1.3tr in debt used by large European developed market companies at the end of 2010, according to Fitch’s 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, ...

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1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

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