|Item Type||Location||Format||Call number||Status||Date due|
|Doriot Library INSEAD Publications Display||
In September 2010, Dürr AG issued a corporate bond without the use of underwriters or rating agencies via a new bond issuance platform developed by Boerse Stuttgart. This reflected a growing trend among European corporations to tap capital markets instead of bank debt to secure debt financing.
To explore the sources of corporate debt financing following the global financial crisis and compare the costs of funding via corporate bonds and bank debt markets. The case materials allow students to develop a deeper understanding of sharing credit risk among different debt instruments and how this is reflected in credit spreads.