NEW DELHI (PTI):Borrowing facilities in the Global Capital markets in the first four months of January April in the current year exceeded 256 billion dollars, the Organization for Economic Cooperation and Development (OECD) has said.
In its just published quarterly financial market trends, the Paris based intergovernmental think tank of 24 rich industrial countries said this acceleration in borrowing activity in the current year followed on a 16% increase in 1992.
It said the spurt in borrowing activity was entirely due to a record volume of bond offerings, which accounted for two thirds of the total and a significant advance in programs for the issue of Euro commercial paper and medium-term euro notes.
Article extracted from this publication >> July 30, 1993
