Embarrassment of riches for big caps but SMEs fight for scraps

June 29, 2010 12:00 am

Having been jerked out of their comfortable reliance on loan financing by the credit crisis, European investment grade corporate treasurers are spending 2010 getting to grips with the new funding environment,in which markets are open for many large firms, but for smaller ones the outlook is bleak. Nina Flitman finds out what lies in store for corporate borrowers.

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Sovereign issuers roundtable: Getting ahead of the steepening curve

The first half of the year was an eventful and volatile one in the government bond market, and the second half threatens more uncertainty. Sovereign issuers are dealing with steeper curves as investors demand higher term premia. Meanwhile, deficit dynamics are shifting, especially as some countries face up to higher defence and infrastructure spending. GlobalCapital gathered senior funding officials from the EU, Greece, Ireland, Italy and Portugal in June in London to discuss how their funding plans had fared so far, how they are developing their investor bases and how they plan to tackle the uncertainties that lie ahead.

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Embarrassment of riches for big caps but SMEs fight for scraps

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