New report 

Corporate Bond Market Trends, Emerging Risks and Monetary Policy

18 February 2020 - This new report analyses recent developments and emerging risks in corporate bond issuance. Covering both advanced economies and emerging markets, the report provides new data showing that, in comparison to previous credit cycles, today's stock of outstanding corporate bonds has lower overall credit quality, higher payback requirements, longer maturities and inferior investor protection.

Date of publication
25 February 2019

This paper is a contribution to the 蜂鸟电竞在线入口 Capital Market Series .

25 February 2019 - Corporate bond markets have become an increasingly important source of financing for non-financial companies since the global financial crisis. The total outstanding debt in the form of corporate bonds reached USD 13 trillion as of end-2018. In real terms, this is twice as much as in 2008.

Built on a dataset of almost 85 000 unique corporate bond issues by non-financial companies from 114 countries between 2000 and 2018, this paper documents a number of elevated risks and vulnerabilities associated with this development and looks at how the quality of today’s outstanding stock of corporate bonds differs from earlier credit cycles. Bond ratings, bondholder rights and repayment requirements are areas of particular focus.

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News release: Risks rising in corporate debt market

Annonce presse : LÓCDE met en garde contre la montée des risques sur le marché de la dette des entreprises