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7

Billion-Dollar IOUs—Using Bonds to Borrow

Lecture no. 7 from the course: Financial Literacy: Finding Your Way in the Financial Markets

Billion-Dollar IOUs—Using Bonds to Borrow

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.

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