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Corporate bond issuance picks up as interest rates set to rise. ECMI Commentary No. 1, 7 December 2005

Casey, Jean-Pierre and Gottlieb, Charles. (2005) Corporate bond issuance picks up as interest rates set to rise. ECMI Commentary No. 1, 7 December 2005. [Policy Paper]

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    Abstract

    [From introduction] European corporate bond issuance has picked up significantly in the last month, in anticipation of future interest rate hikes by the European Central Bank. Indeed, the ECB has declared in no uncertain terms that it plans to raise rates in the short term to respond to inflationary pressures. This development has pushed corporate treasurers to take advantage of the last vestiges of the low rate environment by locking in the attractive rates that still allow corporations to borrow cheaply for funding plans. It is worth noting that when the ECB raised rates on 1 December 2005, this was the first increase in more than 7 quarters.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > Single Market > capital, goods, services, workers
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > ECMI Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 21 Nov 2009
    Page Range: p. 2
    Last Modified: 15 Feb 2011 18:15
    URI: http://aei.pitt.edu/id/eprint/11645

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