U.S. Equity Markets Could Trump German KG’s in 2005

As ridiculous as the concept would have sounded a year ago, according to our data it looks as though shipowners might raise more outside equity in the United States than in Germany this year. As you can see from the Sources of External Equity table, the German tax lease market contributed $3 billion of equity to shipping projects in 2004, which formed the basis for another $4 billion in debt. 2004 was a very good year for KG deal volume, and we would expect a similar result this year

This is only an excerpt of U.S. Equity Markets Could Trump German KG’s in 2005

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.