Corporate-bond funding overtakes loan funding

10/13/2009 | Financial Times (tiered subscription model)

Companies are seeking funding more from bonds than from loans for the first time since 1985, according to Dealogic. Global bond issuance from nonfinancial companies climbed to $1.31 trillion this year, while total corporate lending is only $1.08 trillion. "Companies have learned that in some cases, it's riskier to borrow from a bank than the bond markets," said Eirik Winter, head of debt-capital markets at Citigroup.

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