Since the beginning of March, 15 companies within the S&P/TSX Composite Index have gone to market to raise capital. All but one did so by raising debt. By comparison, of the largest LSE listed issuers, 23 have raised equity and 10 have raised debt. It is clear – European issuers are favouring equity during this crisis.
Now is the time for Canadian issuers to raise equity.
Early in their response to the COVID-19 crisis, Canadian issuers focused on raising debt. But given the recent strength in the stock market and the risk debt poses to an issuer’s balance sheet, prudent … Continue Reading