The $135 Billion Bond Market Luring Issuers Too Risky for Banks
Oil and coal issuers struggling to get bank loans are increasingly turning to a little-known corner of the bond market hidden away in one of the planet's greenest economic zones.
When Australia-based Pembroke Resources experienced 'a gap in funding' earlier this year, the specialist in steelmaking coal turned to the €120 billion ($135 billion) Nordic corporate bond market where it successfully raised debt, Chief Executive Officer Barry Tudor said in an interview.
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