Falling for corporates

The love affair between increasingly yield-hungry European investors and corporate borrowers is becoming ever more passionate. Their sweet nothings include high yield bonds, convertibles, exchangeables and dealer remarketable securities. Rebecca Bream checks out some of the hottest dates in the market.

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Corporate finance in Europe is about to get a lot more interesting. Gone are the days when companies would rely just on loans from their relationship banks. The European corporate debt market is becoming big enough and liquid enough to lure many companies away from bank funding. It is also developing more variety with sophisticated hybrid structures to suit all types and sizes of businesses.

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