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The bond renaissance

The disappearance of retail bonds from the LSE is something of a mystery when you consider that, up until the mid-1960s, it was normal for retail investors to buy and trade bonds on the exchange. This could be done by simply picking from a list of bonds issued by British companies and ringing up your broker. But everything changed with the invention of the eurobond market at this time, which enabled large companies to issue bonds to a much larger pool of investors by issuing directly into the dollar market.

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By Julian Hofmann,
02 November 2012

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