Businesses flock to corporate-bond markets

03/23/2009 | Times (London) (subscription required), The

Businesses in Europe, Britain and the U.S. have raised more than $330 billion through corporate-bond markets since January, according to Dealogic. Last year during the same period, companies raised $127 billion. The increase exists because banks essentially stopped making competitive loans to businesses since the collapse of Lehman Bros. in September, finance insiders said. Barclays Capital is expecting this year to be a record year for corporate-bond issues.

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