“The Russians Are Coming, the Russians Are Coming” – Public Debt Award Europe

With share prices depressed and monetary policy favoring de minimis interest rates, it is not surprising that borrowers found the bond market attractive. In the short view, it may be viewed by shipping companies as an alternative funding source, a stop-gap for the shortfall in bank lending, but in the long-term it will prove to be complementary to the historically favored bank loans and an intrinsic part of the CFO’s tool chest as he carefully manages the liability side of the corporation’s balance sheet.

This is only an excerpt of “The Russians Are Coming, the Russians Are Coming” – Public Debt Award Europe

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