Notenkreditlinien
Notenkreditlinien, also known as bond credit lines, refer to short-term credit facilities provided by financial institutions to issuers of bonds. These lines are typically used to manage liquidity and ensure that bond issuers can meet their financial obligations, such as interest payments or principal repayments, during periods of market stress or uncertainty. They are often structured as revolving credit agreements, allowing issuers to draw funds as needed up to a predetermined limit.
Notenkreditlinien are commonly utilized in the context of sovereign debt, corporate bonds, or structured finance transactions.
The purpose of these credit lines is to stabilize financial markets by providing a safety net for
While these credit lines offer temporary relief, they are not intended as long-term solutions. Their use is
In recent financial crises, such as the 2008 global financial crisis or the COVID-19 pandemic, central banks