Ongena, Steven; Pinoli, Sara; Rossi, Paola; Scopelliti, … - 2021
opportunity for unlisted firms. Using the Italian Credit Register, we investigate the impact of minibond issuance on bank credit … conditions for issuer firms, both at the firm-bank and firm level. We compare new loans granted to issuer firms with new loans … concurrently granted to similar non-issuer firms. We find that issuer firms obtain lower interest rates on bank loans of the same …