Budget 2010: Govt to help boost access to bond market

Chancellor Darling said in today's Budget the Government will work with trade bodies to improve access to bond markets for large and mid sized companies.

The Government says many companies are unable to access the bank finance they require at the right price and other options are needed. It says is will work with the Association of Corporate Treasurers, the International Capital Market Association and ABI to improve companies' access to bond markets. "This will be done by encouraging better adaptation and standardisation of bond documentation, and encouraging better market information flows," it says.   The Government said companies diversifying where they raised capital would help reduce their refinancing risk and improve macroe...