Janus Henderson：2024公司债务指数报告-第五版（英文版）

Overview Corporate borrowing rose to a new record in 2023/24, despite high interest rates The world’s largest listed companies took on $378bn1 of net new borrowing in 2023/24, pushing the total up 4.9% on a constant-currency basis to a record $8.18 trillion. This increase was, however, significantly lower than in 2022/232 and was also well below 2018 and 2019 (2020 and 2021 saw borrowing patterns disrupted by the pandemic). Higher interest rates have clearly been a factor in moderating appeti