Companies have borrowed more from bond investors than from banks and other loan providers for the first time this year in a bid to lock in cheap, long-term funding, the FT reported. Low interest rates and rising inflows into fixed-income funds have triggered record bond issuance as banks cut back lending.Global bond issuance from non-financial companies has reached $1,310bn in the year to date, surpassing corporate loan volume of $1,080bn, according to Dealogic.

This entry was posted by Stacy-Marie Ishmael on Tuesday, October 13th, 2009 at 4:06 and is filed under Capital markets. Tagged with Banks, bonds. Edit this entry.