Many borrowers are also asset managers, investing short-term liquidity. And the heads of borrowing for supranational and financial institutions now often involve themselves even in the lending side of their operations, structuring loans to clients.
The job of the corporate treasurer too is changing. Many now take charge of all financial, and even non-financial risks, using value-at risk measures.
In the pages that follow, Euromoney looks at how the best in the business are playing this ever more complex game.
Borrowers: It's the roadshow, stupid!
Borrowers: Company-at-risk
Borrowers: Euromoney's best borrowers of 1997 Borrowers: Best of the rest by sector or region
Borrowers: Wait for the rate
Borrowers: Moscow moves in
Big Argentine companies with bad addresses...
Borrowers: Bring on the corporates