Nearly $250bn (€181bn) of corporate debt could be refunded or refinanced by US companies next year with some $74bn worth of bonds maturing or being bought back by the end of this year, according to rating agency Standard & Poor's.
S&P said US companies could potentially refund up to $246bn of debt in 2008 and forecast a surge in the volume of debt maturing in 2011 to $288bn â 10 years after new issuance volume hit record highs.
