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Much of the recent issuance in bonds has been because of refinancing, in which companies repay existing bonds with money borrowed on better terms.
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But the consumer debt ratios have leveled off, perhaps because consumers have taken advantage of refinancing and have been able to borrow more without increasing their debt service ratios.
Walgreen first approached Duane Reade over the summer, but the talks went nowhere because Oak Hill was in the middle of refinancing its debt.
This drove mortgage rates down and prompted waves of refinancing.
7 drawbacks of refinancing your debt.
Familiarize yourself with the mechanics of refinancing.
Last year, about 37percentt of refinance applications were denied, including former Fed Chairman Ben Bernanke's, because of strict lending standards that discriminate against the self-employed.
Colorado, $70 million of University of Colorado refinancing certificates of participation.
City experts believe that many debt-laden private equity-backed companies will face difficulties if they cannot raise cash by joining the stock market, because others methods of refinancing have effectively shut down.
Lenders generally demanded prepayment penalties on sub-prime loans because the risk of refinancing was so high.
Strategic partners include E*Trade, DLJDirect and Yahoo!. "Most of the market has been in refinancing because of good interest rates," notes Jupiter Communications analyst Rob Sterling.
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