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Loans vs Corporate Bonds: The Real Trade-Off Is Flexibility, Not Just Interest Rate
February 14, 2026by Dr Dawkins Brown
Executive Summary When organisations compare loans and corporate bonds, the conversation often starts—and ends—with interest rate. That is a costly simplification. The real differentiator is flexibility: how the instrument behaves under stress, how quickly it can be amended, how much liquidity it provides, how restrictive covenants become, and how refinancing risk is managed. This article...
