Degroof Petercam: How has the Euro denominated corporate bond market evolved?
Corporate bond markets serve a vital economic function in bringing together corporations requiring capital to fund or expand their businesses and investors and savers looking to earn a stable income from their investments and savings. They thus play a key role in facilitating economic growth, productivity, and employment.31.10.2016 | 16:49 Uhr
The euro denominated corporate bond market is relatively young, certainly compared with the government bond market. However, in recent years the size of the market has grown rapidly and the market's structure has undergone some important changes. Before 1998, the market was dominated by debt issued by highly-rated financial corporations, whereas thereafter industrial corporations have increasingly found their way to the corporate bond market.
Moreover, there has been a dramatic growth in the lower-rated A and BBB market segments since then. In this article wo will focus on the evolution this market has undergone during the last fifteen years in terms of size, issuers, countries and sector.
In the aftermath of the 2008 financial crisis, European companies have started to use debt capital markets more intensively and the volumes of corporate bonds issued have grown, Tho remarkable growth in debt capital markets points to a structural change in Europe's corporate financing,...
Den kompletten Artikel und weitere interessante Themen im aktuellen Ascent No. 12 Newsletter als pdf-Download.