On 27 May 2020, the European Commission put forward its proposal for a European Recovery Plan (ERP)1 with a new EUR 750 billion funding via its financial recovery instrument, called the “Next Generation EU” which would be funded by borrowing on the financial markets2. If approved by the Member States,…
You are a corporate treasurer of a company with debt maturing now or over the next few years, and the company may need to increase its leverage during that period to finance new projects. You are considering the company’s options in the debt markets and recall hearing this incessant drone…