3 ms·
No, but the 15+ year plus maturity of existing debt stock means that on average, borrowers won't need to go back to the capital markets any time soon. Slightly
by smallnamespace 9y ago
No, but the 15+ year plus maturity of existing debt stock means that on average, borrowers won't need to go back to the capital markets any time soon.
Slightly oversimplified way to think about it: every year companies need to refi only 1/T of their debt, where T is the average maturity.