Difficult decisions in debt

The increasing pace of developments in both the syndicated loan and the debt capital markets

Roundtable participants:

Carlo Buora, General Manager Finance&Administration, Pirelli María Ángeles García Jiménes, Director of Finance&Administration, Amena Stephen Hodge, Director of Finance, Shell International Georg Lambertz, Finance Director, RWE Dr Herbert Lohneiß, Managing Director, Siemens Financial Services

The inherent flexibility of the syndicated loan is facilitating the parallel growth of capital markets issuance, as has been seen in the US. What unique opportunities will Europe offer corporates for international debt raising relative to other markets?

Buora: The increasing number of capital market issues from corporates and banks has been a clear tendency since the end of 1999.

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