Hybrid is typically issued by financial groups, but there has been a rash of European corporates issuing in recent months, partly on the back of this demand from Asia. Total European non-financial hybrid issuance has doubled from last year to a post-crisis high of $7.3bn, according to Dealogic.
混合债券一般由金融集团发行,但最近几个月,在一定程度上受到亚洲需求的推动,大量欧洲企业都发行了此类债券。根据Dealogic的数据,今年以来欧洲发行的非金融混合债券总额较去年翻了一番,达到73亿美元,为危机之后最高水平。
Many companies are taking advantage of the demand from private banks to diversify their funding and shore up their capital structure in the face of ratings pressure. The rating agencies count subordinated debt as half equity, allowing companies to borrow more before the debt starts hurting their credit ratings.
面对评级压力,许多企业正在利用来自私人银行的需求,扩大资金来源,增强资本结构。评级机构将次级债务视为“半股本(half equity),这让企业能够在这种债务开始损害自身信用评级之前借入更多资金。
【亚洲富人大举认购欧洲高风险债券】相关文章:
最新
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15