IPO or IOU? Can you strike a balance between capital and debt? |
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Whilst credit markets have improved since the beginning of the year, our clients continue to find raising or extending credit lines challenging.
In 2009, rights issues’ and corporate bonds stole the headlines as banks remained cautious and often reluctant to advance loans to new customers. As we enter into 2010, and with big refinancing obligations looming, PwC expects to see a return for IPOs and borrowers continuing the 2009 trend of looking beyond traditional bank debt.
In this short video, our specialists recommend that you plan for your refinancing activity early and certainly well in advance of maturity. They are also cautiously optimistic that the market will see some innovation next year as institutional money continues to search for a premium to cash yield which, in the process, should help UK borrowers diversify their funding sources.
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