United Kingdom Financing in the Eurobond Market
Until 1971 the volume of eurobond issues by United Kingdom entities was relatively small, but in both 1971 and 1972 the volume was substantial and exceeded that for any other country except the United States. In 1973 for the first time, the United Kingdom was a larger borrower than any other country. The volume of funds raised by United Kingdom borrowers in these three years, as well as being large in terms of total eurobond market volume, was large in relation to the total of fixed interest funds raised in the United Kingdom domestic market (see tables 15 and 16).
KeywordsInterest Rate Foreign Direct Investment Direct Investment Foreign Currency Foreign Loan
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