Standard & Poor’s Expects $6.6 Trillion In New Corporate Bond Issuance Over The Next Five Years

We project nonfinancial corporate borrowers in Asia, Europe, Latin America, and North America will seek up to $21.7 trillion debt finance to support growth (excluding refinancing) over the five years to 2018, of which $6.6 trillion will be new bonds and other debt securities. In fact, borrowers could well exceed that total, as nonfinancial companies issued $688 billion in bonds through May 2014. Since the Great Recession, corporates globally (with the exception of deflationary Japan) have turned to the debt capital markets to raise financing. Except for Japan, the stock of debt security financing was between one-quarter and one-half as much in percentage terms in 2013 compared with five years before. Corporate borrowers tapped the debt markets to such an extent because of yield-seeking investor demand contributing to lucrative credit terms, combined with constrained bank loan supply.

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About AIWMI

The Association of International Wealth Management of India (AIWMI) is a not-for-profit organization and a globally recognized membership association for finance professionals. AIWMI primarily focuses on the broad and strategic role of developing a more robust and forward-looking training infrastructure for the financial services sector and to promote more active industry involvement and collaboration in training and continuing education. AIWMI is offering advanced international certification programs along with a wide variety of high-quality executive education programs. AIWMI programs combine state-of-the-art knowledge and skills with practical experience and insights into the functioning of the financial sector. All AIWMI courses and educational events have an intense and pragmatic curriculum. Participants are exposed to the latest developments within the financial services sector. AIWMI plays a key role in guiding the development of the financial services sector. AIWMI works with key industry participants’ viz. the Government, the Regulators, the Industries/Associations, the Corporate, the Media and the General Public to achieve its objectives. Besides enhancing technical competence and professionalism in the industry, AIWMI organizes events and facilitates discussions to promote best practices in leadership and talent development in the financial sector with an aim to become Asia’s premier center of excellence for financial education.

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