Lenders stand ready for lockdown funding but battling hot bonds

AdobeStock_loan_agreement_575x375_25June2020
By Mike Turner
07 Jan 2021

With rising Covid-19 infection rates sparking new social restrictions, Europe’s high grade loans bankers say they are ready provide vast amounts of short term funding to corporates, as they did when lockdowns first swept Europe last March. But many expect borrowers to lean more on the bond markets this time.

England and Scotland ramped up their lockdown measures on Monday to try and stem rocketing Covid-19 cases caused by a new variant of the coronavirus. The lockdowns are the most stringent since March 2020.

Back then, lenders provided tens of billions of euros in 12-18 month loans to corporate ...

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