Afme proposes recapping with equity-like

By Jasper Cox
19 Jan 2021

Many EU companies could do with capital beyond debt, according to the Association for Financial Markets in Europe (Afme). The trade body, in a report it produced alongside PwC, suggests encouraging the use of equity-adjacent products to fill balance sheet gaps from the coronavirus crisis.

With many EU companies struggling in the crisis, "fragilities are likely to manifest in the first half of 2021," said the report. "A substantial number of companies may only have cash buffers for two to six months at normal rates of expenditure and may need to rely on ...

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