Billion-Dollar IOUs—Using Bonds to Borrow
Lecture no. 7 from the course: Financial Literacy: Finding Your Way in the Financial Markets
Taught by Professor Connel Fullenkamp | 30 min | Categories: The Great Courses Plus Online Economics & Finance Courses
When companies need to borrow enormous sums of money over long periods, they can’t turn to banks, so they issue bonds. Learn what’s involved in issuing these IOUs, the limitations of credit rating agencies that rate bonds, and why the bond market is an increasingly important part of financial markets around the world.