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Headline: Eurozone bonds – Boom? What boom? Source: Euromoney Date: May 2000 Author: Michael Peterson At the beginning of 1999, so the story goes, corporate Europe suddenly got religion about shareholder value. In the wake of the introduction of the euro, a wave of corporate restructuring swept the continent. Lured by growing investor appetite for credit – and with a little nudging from their bankers – Europe’s companies plunged into the bond markets. The result was an explosion of corporate bond issuance. |
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