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Barclays Capital was soon one of the world's biggest investment banks, particularly when it came to the issuing of debt.
Excessive issuing of debt for emerging telecommunications companies resulted in the frauds at WorldCom and Enron, among others.
A key task of governments is to co-ordinate their issuing of debt, and to do so in an ordered and staged manner.
Before the terrorist attacks, analysts were expecting the issuing of debt to slow late this year after a tremendous first half.
The ECB can influence market liquidity in a variety of ways, including selling or buying securities and repurchase transactions (which are effectively collateralized loans), the issuing of debt certificates and foreign exchange swaps.
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The federal government is issuing tons of debt, the US consumer is not saving anything and the trade deficit is at a scary level.
Morgan Stanley has issued $23 billion of debt under the program.
Businesses with better credit ratings issued $200 billion of debt in the first quarter, according to Thomson Reuters, compared with $188 billion a year ago.
This month it issued $1.5 billion of debt at an interest rate of 8 1/8%—a vote of confidence from wobbly financial markets.
All told, 573 corporations have issued $181 billion of debt since Sept. 11, compared with 692 companies that raised $138 billion in the period last year, according to Thomson Financial/First Call.
Can you imagine a CEO who would refuse to issue $1 of debt in the knowledge that $12 would come back in asset value?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com