How I Learned to Stop Worrying and Love the Capital Markets – Editor’s Choice Award

Last Fall was a busy time for A.P. Moller – Maersk A/S’s (“APM”) treasury department, as the company, which is renown for being one of the strongest shipping credits, began to be concerned, as the economic crisis continued, about the future of its traditional main source of capital, bank debt. In particular, would bank lending not only resume but also return to pre-crisis levels. From crisis comes opportunity and the company began to explore alternative funding sources, in particular the capital markets.

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