Remove 2028 Remove Groups Remove Lending Remove Management
article thumbnail

How resilient are UK corporate bond issuers to refinancing risks?

BankUnderground

Our data set is constructed from matching issuance-level market data with company accounts data across a given group’s ownership structure. This is in part because the pre-GFC period was characterised by relaxed lending standards, and excessive leverage levels. How large are bond refinancing risks in aggregate?