Categories

A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.

5 Payday Loan Articles : Google Adsense Referral News

Image westernsky.png


5 Payday Loan Articles

Posted on August 31, 2013
Filed Under Uncategorized

internet marketing

I have 5 articles on Payday Loans. The buyer of this pack will retain all rights to the articles once they are paid for. These articles will only be sold once and a sample of my writing style is available upon request. All articles are 400+ words.

What You Need to Consider Before Getting a Payday Loan
Can Payday Loans Help Your Credit Score
Best Places to Get a Payday Loan
Reasons to Apply for a Payday Loan
Is a Payday Loan a Good Idea

See original post by KathrynJo

Read the full article. Click on the author/publication link.

Comments

[fbcomments] […]

link: PayDay loans and libraries | Phil Bradley's weblog | intellectual …

Read the article: link: PayDay loans and libraries | Phil Bradley's weblog | intellectual …

var addthis_config = {“data_track_clickback”:true,”ui_atversion”:300,”ignore_server_config”:true}; var addthis_share = {}; var addthis_product = “wpp-5.2.3”; var wp_product_version = “wpp-5.2.3”; var wp_blog_version = “4.4.13”; var addthis_plugin_info = {“info_status”:”enabled”,”cms_name”:”WordPress”,”cms_version”:”4.4.13″,”plugin_name”:”Share Buttons by AddThis”,”plugin_version”:”5.2.3″,”anonymous_profile_id”:”wp-72f4d022a5cfba74944423bbf45e508d”,”plugin_mode”:”WordPress”,”select_prefs”:{“addthis_per_post_enabled”:true,”addthis_above_enabled”:false,”addthis_below_enabled”:false,”addthis_sidebar_enabled”:false,”addthis_above_showon_home”:true,”addthis_above_showon_posts”:true,”addthis_above_showon_pages”:true,”addthis_above_showon_archives”:true,”addthis_above_showon_categories”:true,”addthis_above_showon_excerpts”:true,”addthis_below_showon_home”:true,”addthis_below_showon_posts”:true,”addthis_below_showon_pages”:true,”addthis_below_showon_archives”:true,”addthis_below_showon_categories”:true,”addthis_below_showon_excerpts”:true,”addthis_sidebar_showon_home”:true,”addthis_sidebar_showon_posts”:true,”addthis_sidebar_showon_pages”:true,”addthis_sidebar_showon_archives”:true,”addthis_sidebar_showon_categories”:true,”sharing_enabled_on_post_via_metabox”:true},”page_info”:{“template”:”archives”,”post_type”:””}}; if (typeof(addthis_config) == “undefined”) { var addthis_config = {“data_track_clickback”:true,”ui_atversion”:300,”ignore_server_config”:true}; } if (typeof(addthis_share) == “undefined”) {
var addthis_share = {};
}
if (typeof(addthis_layers) == “undefined”) {
var addthis_layers = {};
}

(function() {
var at_interval = setInterval(function () {
if(window.addthis) {
clearInterval(at_interval);
addthis.layers(addthis_layers);
}
},1000)
}());

NUS Launch Campaign Against Pay-Day Loan … – Impact Magazine

Image 271px-Payday_loan_shop_window-135x300.jpg

The National Union of Students (NUS) recently launched a campaign for the removal and ban of all pay-day loan advertising on college and university campuses. Pay-day lenders, sometimes referred to as loan sharks, are companies that lend money to people at a very high interest rate. This can result in a lengthy cost of repayment over time.

The NUS campaign, which can be found in the welfare and student rights section on the NUS website, intends to inform students about the dangers of pay-day loan advertising as well as encourages individuals to sign an online petition. The petition is to act as concrete evidence for universities and colleges that students want pay-day loan advertising banned from their institutions.

Since NUS introduced the campaign, several universities have joined the pledge and committed to never allowing pay-day loan advertisements on their premises, on their website or in any of their publications. These institutions are Keele University, Leeds Metropolitan University, Northumbria University, the University of Sheffield, Swansea University, the University of East London, the University of Northampton and Walsall College.

According to NUS, pay-day loan advertising usually targets vulnerable groups such as students, most of whom are already indebted. NUS’ own research indicates that as much as ten per cent of students in vulnerable groups have acquired high risk debt and pay-day loans are responsible for generating some of this debt.

To accompany the campaign on the NUS website, NUS have produced an information graphic, based on their research and the research of the Office of Fair Trading (OFT), which further emphasises the dangers of pay-day loan advertising. On the infographic, NUS notes that on 6th March 2013, the Office of Fair Trading found that there are deep-rooted problems in the pay-day loan sector.

According to OFT, a number of the companies have therefore been told to ‘clean up their act’ or face having their license revoked. The OFT also claim that three per cent of university or college students have taken on high-risk debt, a percentage which doubles for those aged 21 and over. Doubling of student accommodation prices and little or no financial support from parents are some of the reasons why students may see high-risk loans as their only option.

The University of Nottingham’s (UON’s) Welfare Officer, Mike Dore, was contacted regarding the NUS campaign. He noted that UON are “fully in support of the NUS campaign” and acknowledged that pay-day lenders pose a huge problem for students. He also confirmed that UON does not allow pay-day lenders to advertise at Students’ Union events. However, in spite of restrictions, UON is not on the NUS’ list of institutions which do not allow any form of pay-day loan advertising on their campuses.

Nevertheless, UON’s own research has found that pay-day loan debt is actually quite low at Nottingham compared to other bigger debt problems such as overdrafts or student loans. Overdrafts and student loans accounted for 40.1% and 75.9% of student debt, respectively, as opposed to 1.2% for pay-day loans.

Tom Willis

Image: Gregory F. Maxwell

[…]

Best Payday Loans No Credit Check – Fast Cash in Hour. Easy …

How To Use Payday advances Safely And CarefullyPayday loans can be quite a confusing thing to learn about occasionally. There are a lot of people which have a very lot of confusion about payday loans and what’s associated with them. You do not have being baffled by payday cash advances any further, read through this post and clarify your confusion.Payday cash advances is usually a life-saver for many people that have an emergency or possibly a crisis. Even though the funds are needed quickly, invest time to comparison shop before the loan. The fees, interest, along with other costs associated with pay day loans varies widely across this industry where there are deals available.Never borrow a lot more than it is possible to pay off. You’ve probably heard this about cards or other loans. Though with regards to payday advances, this recommendation is even more important. Once you learn you can repay immediately, you can avoid a lot of fees that typically have most of these loans.Ensure that you browse the rules and relation to its your cash advance carefully, in an attempt to avoid any unsuspected surprises in the future. You will understand the whole loan contract before you sign it and receive the loan. This will aid produce a better choice regarding which loan you ought to accept.Have you cleared up the information which you were mistaken for? You need to have learned enough to remove anything that you’re baffled by when it comes to pay day loans. Consider, there is lots to learn with regards to payday loans. Therefore, research about any other questions you could be confused about and discover what else you can study. Everything ties in together what exactly you learned today is relevant generally speaking.

How To Get The best Your Payday LoanMany people nowadays consider pay day loans in times of need. Is something you are curious about getting? If that’s the case, it is essential that you’re familiar with pay day loans along with what they entail. The subsequent article will probably provide you with advice to make sure you are very informed.Only borrow how much cash that you need. For example, in case you are apable of pay back your debts, this funds are obviously needed. However, you must never take credit for splurging purposes, luding eating dinner out. The high interest levels you will have to pay in the future, are not worth having money today.Avoid selection about payday loans from a position of fear. You could be in the middle of a monetary crisis. Think long, and difficult prior to applying for an online payday loan. Remember, you’ll want to pay it off, plus interest. Be sure to can accomplish that, so you usually do not produce a new crisis on your own.When considering a cash payday loan, even though it may be tempting be sure not to borrow over you can afford to pay off. As an example, whenever they let you borrow $1000 make your automobile as collateral, however you really need $200, borrowing excessive can lead to the losing of your car if you are not able to repay the entire loan.When you find yourself obtaining a cash payday loan, make sure that you are very truthful in your application. Unless you be aware of solution to many of the questions, take time to talk to an agent. When you find yourself honest, you will find that you have a lesser potential for receiving a loan that you will never be able to repay.To conclude, pay day loans are getting to be a favorite decision for those invoved with need of money desperately. If these types of loans are something, you are looking at, make sure to know very well what you get into. Now that you have check this out article, you happen to be well aware of what pay day loans are only concerned with.

[…]

The Cash Store Australia Holdings Inc. announces that regulatory changes in Australia have materially impacted the …

EDMONTON , Aug. 30, 2013 /CNW/ – The Cash Store Australia Holdings Inc. (“Cash Store Australia ” or the “Company”) (AUC.V) today announced that it is not able to raise additional funding required. Changes in the Australian regulatory environment over the past number of months and the Company’s continuing losses have materially impacted its ability to source the capital.

The inability to raise capital will materially impact the continuing operations of the Company and will affect its ability to meet its obligations in the future. The Company’s operating subsidiary will not be making any further retention payments to its third party lender.

The Company will not be filing audited consolidated financial statements, management’s discussion and analysis or a management information circular for the year ended June 30, 2013 prior to the date they are required to be filed. As a result, the cease trade order issued by The Alberta Securities Commission on December 4, 2012 will continue until such time as the Company is able to bring its required regulatory filings into good standing.

About Cash Store Australia

Cash Store Australia is the only small-sum short-term advance broker in Australia publicly traded on the TSX Venture Exchange (AUC.V). Cash Store Australia operates 61 branches in the States of Victoria, Queensland, Tasmania, Northern Territory, and New South Wales Australia under the banner “The Cash Store”.

Forward Looking Information

This News Release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information with respect to our objectives, strategies, operations and financial results. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects”, or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “does not anticipate”, or “believes” or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, or “will be taken”, “occur”, or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Cash Store Australia , to be materially different from those expressed or implied by such forward-looking information. All material assumptions used in making forward-looking statements are based on management’s knowledge of current business conditions and expectations of future business conditions and trends. Although we believe the assumptions used to make such statements are reasonable at this time and have attempted to identify in our continuous disclosure documents important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Certain material factors or assumptions are applied by us in making forward-looking statements, include without limitation, factors and assumptions regarding our continued ability to fund our small sum short-term loan business, rates of customer defaults, relationships with, and payments to, third party lenders, demand for our products, as well as our operating cost structure and current consumer protection regulations. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. We do not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: The Cash Store Australia Holdings Inc.

Contact:

For further information on Cash Store Australia, please contact:

Bill Johnson, Chief Financial Officer
(780) 732-5695; e-mail: bill.johnson@cashstore.com.au

[…]

Self Employed Payday Loans – $100$1000 Easy Cash Fast Loan in …

Using Payday cash advances Without Getting UsedIn today’s whole world of fast talking salesclerks and scams, you’ll need to be a knowledgeable consumer, aware of the reality. If you are within a financial ph, along with need of a fast payday advance, continue reading. The following article will give you advice, and tips you must know.For those who have a significant credit history, obtain a low fee payday advance. This type of loan commonly has lower interest levels, and no hidden fees. The financial institution will need to check your credit profile. This should require greater than Twenty four hours and will turn out to be smartest choice, if your credit score just isn’t too low.Read all of the small print on what you read, sign, or might sign with a payday lender. Inquire about whatever you don’t understand. Assess the confidence from the answers given by the employees. Some simply have the motions for hours on end, and were trained by someone doing precisely the same. They might not know all the small print themselves. Never hesitate to call their toll-free customer care number, from inside the store to get in touch to someone with answers.If you are intending through serious financial trouble, then payday advances aren’t great for you. Such a loan is only for the people folks who, have urred a rapid expense that needs to be repaid without delay. Individuals who make an application for these financing options should, have the ability to pay them down within a fortnight. This is the time that a majority of cash advance terms will expire.Hopefully, these tips have you well armed like a consumer, and educated in regards to the facts of payday advances. Much like whatever else in the world, you will find positives, and negatives. The ball is within your court like a consumer, who must study the facts. Weigh them, making the top decision!

Cope With A Pay Day Loan Without Selling Your SoulAs with all other financial decisions, the decision to take out a payday loan really should not be made minus the proper information. Below, you will discover a lot of information that may give you a hand, in coming over to the best decision possible. Read on to discover advice, and knowledge about pay day loans.If possible, learn what percentage of a payday lender’s clients are repeat business. Specific establishments with higher patterns of cyclical customers ought to be watched out for, however, for two reasons. It might indicate they are predatory and trapping many people. Alternatively, it could possibly also mean they may have good rates and great service.In case you have been conned with a payday advance agency, do your best to permit you choose known on multilple web sites. Whilst you may be unable to get a refund, it is possible to help others by preventing them from falling in the same trap that you simply did.Be sure that you make application for a payday ly. A lot of people make the mistake of looking for a cash advance using a broker. These folks will not know that payday loan brokers usually charge extortionate fees, and forget to disclose the complete relation to a cash advance to borrowers.When you have a significant credit score, apply for a low fee cash advance. This kind of loan usually has lower rates of interest, and no hidden fees. The loan originator will have to check your credit report. This would require more than twenty four hours and really should be your best option, if your credit ranking is not too low.Now that you have taken some time to see with these tips and data, you are in a better position to make your mind up. The cash advance can be precisely what this is to fund your emergency dental work, or perhaps to repair your vehicle. It could help you save from your bad situation. It is important to make use of the information you learned here, for top level loan.

[…]

Have your cake and eat it too


Have your cake and eat it too

JEFF MATTHEWS

Last updated 05:00 31/08/2013

Relevant offers

Money

Spaving: It’s the road to ruin Like a car with that withdrawal? Few opt for KiwiSaver drawdown The three Cs of lending Residential property agents still unregulated Bring home the bacon Forecast interest rate hikes may be scaring borrowers Investment guru abandons mansion Market close: NZX50 up 20.47 points Study finds results for LVR mixed

There is a growing trend for New Zealanders to be “asset rich” but “cash-flow” poor, with the majority of their wealth tied up in the family home. Given the strong rise in property prices in Auckland and to a lesser extent in Christchurch, there is even more equity in the family home.

The problem for most retired people is how to “unlock” some of the value in the family home, so they can travel, upgrade a car or have a medical procedure.

The first option is to take out a mortgage with your bank, but unfortunately banks are concerned about how the loan is going to be repaid when you don’t work or have an income.

I’m not a banker but from a risk point of view I would have thought that a 70-year old couple with 100 per cent equity in their home is a much lower risk than a 30-year-old couple with 10 per cent equity in their home, but who currently have two incomes.

With younger clients the banks have the possibility to cross-sell other services, mortgage repayment insurance, KiwiSaver, credit cards etc so potentially they are seen as more valuable clients.

The older client might have some funds on term deposit with their bank, but really there is less opportunity for the banks to sell other services, other than credit cards.

With high levels of equity I’m not sure why banks wouldn’t be interested in offering Home Equity Release Loans (or Reverse Mortgages) to their older clients.

Maybe it’s too small a market for the banks, or the product might be seen as a “Grey Power” solution which doesn’t fit with the bank’s “brand”.

What is a Home Equity Release (HER) loan? It’s basically a standard mortgage without repayments.

They allow borrowers to remain in their home for as long as they choose and provide a loan repayment guarantee (known as a no negative equity guarantee), which means if they live a very long time and the loans grows beyond the value of the home, the repayment deficit will be the provider’s responsibility, not the borrowers’ or their heirs.

With an HER loan you are borrowing against the value of your home and “unlocking” some of your capital.

The interest rate on the loans tends to be 1.5-2 percentage points higher than a bank loan, but they give people the flexibility to remain in their home, to enjoy life and do a few more things while they are active.

According to the Safe House Equity Release Plans Association (Sherpa) there are three providers who still operate HER loans, Sentinel, Dorchester and Bluestone.

While not members of Sherpa, the ASB and SBS banks still offer reverse mortgages.

Ad Feedback

According to market leader Sentinel, the average age of an HER loan client is early 70s with an average loan of about $80,000.

The maximum amount of the loan varies from 15 per cent of a home’s value at age 60, to 45 per cent for age 90 and over.

The property has to be mortgage-free with security for the loan being a first mortgage.

It gets a bit more complicated if you are on leasehold land or in a retirement village with individual unit titles.

According to the REINZ July report the median house price in Auckland is $552,000, which is over $200,000 higher than in 2004 when Home Equity Release Loans were first introduced into New Zealand.

The median house price in New Zealand is $385,000, up from $249,000 in 2004, so there has been a big increase in home equity, but still no real market to access that equity.

Fixed living costs for retired people are growing at a faster rate then the Consumer Price Index, with higher health costs for glasses, hearing aids, dental work or a big ticket like a hip or knee replacement ($20,000 to $25,000).

NZ Superannuation for a couple is currently $28,594 a year.

If you use Auckland prices, then the average rates bill is $2,800 a year, medical insurance is probably $3,000 to $4,000, and with higher insurance costs you are looking at $1,000 plus for house insurance.

Those three items could total $7,300 or 25 per cent of their NZ Superannuation, and that’s before you eat, use power, water, telephone or run a car.

If you own a house there will be repairs and maintenance that have to be done if you want to maintain the value of the property.

Repainting or re-carpeting a house is not cheap especially if you are on a limited budget.

What’s the point of having all this equity in your home and you aren’t able to enjoy it?

To me a well constructed Home Equity Release loan is a perfect solution for people who have lots of equity in their homes, but few other investments.

It would allow someone to “have their cake and eat it too”.

Unfortunately these loans are no longer widely available in New Zealand because of a lack of funding.

Since the global financial crisis in 2008, funding lines to companies that offer HER loans have dried up and so none of the three non-bank providers that offer this product are in a position to offer new loans at the current time.

Clearly there is a market need for HER loans, but where is the funding going to come from?

Jeff Matthews, an authorised financial adviser with Spicers, and is a regular media commentator on wealth and savings. The article is his opinion and should not be used as a form of financial advice.

– © Fairfax NZ News

| Saved Stories | Saved Stories | Saved Stories | Saved Stories

Next Money story:

Bring home the bacon

Business Homepage

[…]

Loans Poor Credit – Payday Loan in Fast Time. Easy Credit Checks …

Loans Poor Credit What you should Find out about Coping with Payday LoansStrapped for money? Unclear how to pay for the oming bills? For those who have considered a quick payday loan and want additional information, the next article can help. It has some key insights into payday advances, what they will offer and exactly how they may help. Think about the knowledge se it refers to your own personal circumstances.One course of action you can find about payday cash advances is basically that you should avoid using that type of home loan unless crucial. It can be relatively easy to secure a pay day loan by only signing your name, however, many unforeseen situation may arise before you can shell out the dough that will create a far more difficult circumstance.Call around and discover interest rates and costs. Most payday advance companies have similar fees and rates, and not all. You might be capable of save ten or 20 dollars on your own loan if an individual company offers a lower monthly interest. In case you are often these loans, the savings create up.In order to avoid excessive fees, check around before taking out a cash payday loan. There might be several businesses in your area that offer payday loans, and several of people companies offer better interest rates as opposed to runners. By checking around, you could be capable to cut costs when it’s time and energy to repay the loan.Eat any occasion . from your home. You would be surprised at the amount of it will save you by preparing fresh meals in your house. Should you cook a lot and refrigerate, you could have enough to nibble on for days. Althouging out to restaurants is easier, you’ll be spending more money. This can help much with regards to paying off your payday advance.Getting the contract details is essential prior to making a decision on best places to make application for a loan, excellent customer service along with what to avoid. Hopefully, the content you just read has answered questions and will steer you from the right direction so far as payday loans are concerned and how you can best help yourself out.

Loans Poor Credit

Security of Site:
Ease of Use:
Cost of Loan:
Customer Service:

Looking for $100-$1000 Fast Cash Online. No Need Your Credit Score. Fast Accept Loan. Get it Now.

Essential Advice Regarding Online Payday LoansStrapped for money? Not sure the way to pay for the oming bills? When you have considered a pay day loan and need additional information, the following article may help. Its content has some key insights into pay day loans, the things they may offer and just how they could help. Carefully think about the information because it relates to your own personal circumstances.Make certain you read the rules and terms of your payday loan carefully, in an attempt to avoid any unsuspected surprises down the road. You should know the entire loan contract before you sign it and receive your loan. This will help you create a better option regarding which loan you ought to accept.Choose your references wisely. Some cash advance companies require that you name two, or three references. These are the people that they can call, if there is an issue and you also can not be reached. Make sure your references could be reached. Moreover, ensure that you alert your references, that you will be using them. This helps these people to expect any calls.Payday cash loans are short-term loans and really should only be useful for unexpected expenses. These loans must not be employed to pay household bills or ordinary living expenses. If you are using a payday loan for these expenses, you run the danger of defaulting on your payday advance or any other monthly bills.Think outside of the box when it comes to repaying your payday loan as quickly as it is possible to. Exist options you may now use that perhaps were unavailable prior to taking out the loan? Are there friends or family it is possible to call to gain access to money? Can you get a lower interest loan by placing a high-value item you are able to temporarily do without in a pawn shop? Repay the payday advance as quickly as you may.Getting every one of the facts is vital before making a decision on where to try to get a loan, what to look for and things to avoid. Hopefully, the article you simply read has answered your queries and may steer you in the right direction with regards to pay day loans are concerned and tips on how to best help yourself out.

Simple Step Online Application at Loans Poor Credit

[…]

Cash-rich European corporates unfazed by 2014 maturity wall

* EUR140bn-worth of corporate bonds due to mature next year

* Modest fees likely due to strong corporate cash coffers

* Wider financing options also likely to cap bond supply

By Josie Cox

LONDON, Aug 30 (IFR) – Corporates may be facing their biggest redemption wall in over a decade in 2014, but bankers hoping that a refinancing scramble will result in bumper fees will likely be disappointed as cash reserves should suffice to service most of the maturities.

Approximately EUR140bn of investment-grade corporate bonds, many issued in 2009 at much more expensive interest costs than currently available, are due to mature next year, according to Thomson Reuters data. That represents a redemption increase of 11% on 2013 levels and almost 50% on 2012 volumes.

But while this might have translated into a supply and fee boom some years ago, prolonged volatility has meant that companies have stockpiled cash and are now able to use it to buy back high-coupon debt without having to tap markets.

“Obviously, corporates will not want their cash piles to evaporate entirely, but our modelling suggests a significant portion of maturing debt can be met from existing cash resources,” said Duncan Warwick-Champion, head of corporate research at ECM Asset Management.

As a result, total annual primary supply volumes will likely remain a far cry from the highs of 2009, when corporates rushed to regain market access in the wake of the financial crisis that crippled capital markets.

Over that period, four years ago, EUR270bn of high-grade corporate bonds were priced in the currency – an all-time record and more than double what was issued during the previous year.

This year, however, supply has fallen to approximately EUR120bn, down more than 40% on that period, which may suggest that corporates are confident they have enough cash to manage upcoming maturities.

Volumes are slightly up on like-for-like 2012 numbers, which may also reflect pre-funding during the first six months of the year.

Backing this up, European corporate DCM (KSE: 024090.KSnews) fees were up around 16% during the first half of 2013 over the first half of 2012, also suggesting that many corporates that have to raise money have done so already.

“There are plenty of reasons why corporates needing money would already have come to the markets,” one London-based credit analyst said, especially as there are several headwinds on the horizon that point to funding costs rising.

“Predominately, of course, the prospect of rates rising if the US Federal Reserve tapers stimulus.”

MULTIPLE AVENUES

Another factor diminishing the chances of another record for bonds, is that more funding avenues are now open to many corporates than have been for the last few years.

“Corporates are regaining access to the loan market, so not all the debt necessarily has to be refinanced through bonds in the euro market,” said Philippe Bradshaw, head of Europe corporate syndicate at RBS (LSE: RBS.Lnews) .

Just this week, for example, Amgen (Xetra: 867900news) announced that it would fund its USD10.4bln acquisition of Onyx with USD8.1bn-worth of loans. And in Europe, French engineering firm Schneider (BSE: SCHNEIDER.BOnews) Electric, said earlier this month that it would fund its GBP3.9bn acquisition of Invensys (LSE: ISYS.Lnews) with GBP2.56bn of loans.

Larger institutions also have access to a whole host of different currencies, so supply is unlikely to be concentrated in euros unless there is a specific need for it.

In addition, treasurers are likely to spread out their financing plans over time rather than cram the market in order to help optimise their funding costs.

“While some prefer to keep cost of carry to a minimum and not refinance until just months before maturities, others are still very conscious that issuance windows can open and close very quickly, so are keen to access as soon as they can,” Bradshaw said.

MARGINAL PRICING PRESSURE

These factors all serve to quash predictions by some syndicate bankers that the maturity wall could trigger a wave of supply and even drive up funding costs and new issue premiums.

Before the summer break, companies were generally paying single-digit premiums, and even though some bankers have said concessions could creep up to 20bp or 25bp if supply picks up, yields would still be very low on a historical basis.

On Wednesday, BMW (Xetra: 519000news) printed a EUR700m September 2020 bond at mid-swaps plus 35bp, offering a coupon of just 2%. In contrast, at the end of 2008, the German auto company, rated A2/A, printed a five-year deal that matures at the end of this year and pays a staggering coupon of 8.875%.

“Yes, we may see concessions rise if supply is heavy, but on an absolute basis funding conditions will still be attractive,” said Bradshaw.

[…]