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Byline: Nuntawun Polkuamdee
Nov. 5--Low interest rates have led to a boom in the debt market over the past few years, according to a report from the Securities and Exchange Commission.
From 1998 to 2001, the size of the debt market increased from 10.1 percent of gross domestic product to 30.4 percent. In contrast, capitalisation of the equity market fell from 69.6 percent of GDP in 1998 to 32.7 percent in 2001.
Bank lending declined slightly over the period, from 90.6 percent of GDP in 1998 to 89.3 percent in 2001.
In the debt market, issuing costs have also declined slightly over the past few years.
From 1993 to 2001, the average cost of issuing debt ...
Source: HighBeam Research, SEC Finds Low Interest Rates Give Debt Market Big Boost.