The Bond Markets

Most treasurers seeking to diversify their debt financing away from the bank market, or aiming to expand the maturity or average life of their company’s long-term debts, will need to examine the bond markets. This chapter explains the principal bond markets available to a corporate, how they operate and the advantages and disadvantages of bond markets in relation to bank finance. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.