Corporate Debt and Treasury Report 2019

The ACT is delighted to share with you this year's Corporate Debt and Treasury report, produced by Herbert Smith Freehills LLP (HSF).

In its sixth year, this year the ACT has worked with HSF to further expand the reach and depth of this valuable report, with HSF raising £500 for ACT's charity of the year (Hand in Hand) in the process, through donations made in exchange for ACT member survey feedback.

Thank you to everyone who took part in the research! The report is based on a combination of questionnaires and detailed follow up conversations with CFOs, treasurers and other senior finance professionals to provide detailed insights into how UK plc is feeling about financial market conditions.

Corporate Debt and Treasury Report 2019

Corporate Debt report 2019

Key conclusions include:

Corporates are understandably pessimistic about the short term economic impact of Brexit but bullish that Brexit will not affect their ability to raise debt

Bank lending remains the bedrock of corporate debt capital structures but relationship banking is under greater strain than ever as banks chase ancillary business

Corporates face material risks in connection with the phasing out of IBOR rates and little progress has been made in settling substitute rates

Alternative non-bank lending continues to grow in significance and is at least as important as the DCM and private placement markets for many corporates

Over two-thirds of increased borrowing this year will be applied towards business investment demonstrating business confidence

The focus on Environmental, Social and Governance principles has accelerated dramatically over the last 12 months and is set to increasingly appear on the corporate treasury agenda


Visit HSF's website to find out more here.


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