Quarterly Repayment
According to the Financial Times, between $113.6 billion and $117.3 billion of corporate debt will come due during the next three months, citing Fitch Ratings and Thomson Financial, respectively. This is the largest quarterly repayment in about five years.
"The reality is that most borrowers have probably already pre-funded these maturities, given that until the last couple of weeks the market has been offering very attractive long-term financing opportunities," Jim Merli, global head of fixed income syndicate at Lehman Brothers.
"The reality is that most borrowers have probably already pre-funded these maturities, given that until the last couple of weeks the market has been offering very attractive long-term financing opportunities," Jim Merli, global head of fixed income syndicate at Lehman Brothers.
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