Although would-be homeowners, small & medium enterprises, even some governments, are finding it difficult to coax anyone into lending them money at any price right now, any big business deemed sufficiently creditworthy continues to find it easy to persuade investors to buy their bonds, according to Ian King, Business Editor of The Times.
In Britain one of those companies is Imperial Tobacco, whose recent request for £½ billion in the form of a 15-year bond ‘could have raised that sum five times over.’
So thanks to those selfless people who keep the economy going while simultaneously helping to solve the pension problem.
Three cheers for smokers.
