The money network:

The money network:

Why crowdfunding threatens traditional bank lending

EuromoneyFXNews.com

EuromoneyFXNews.com

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October 1998

Preaching to the converted


It is rare that the interests of investors and issuers coincide exactly, and when they do they have generally been forced to. That is what has happened in the European convertible market. Right now, this halfway-house hybrid does make sense as a defensive outperformer for investors, and a cheap, flexible funding tool for corporates and privatizing governments. Simon Brady reports.


The recent cancellation of a Dfl220 million ($116.8 million) convertible for Van der Moolen Holding came as little surprise. The appetite for equity exposure to independent Dutch securities companies is about the same as that for securities companies elsewhere. However, the news that Belgian glassmaker Glaverbel was also shelving its planned issue shows that market turbulence is seriously affecting even this usually transquil corner of the markets. ...


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