As lockdowns ease, business is picking back up and conditions are extremely competitive. Bonds help firms pitch successfully – safe in the knowledge that they have a trusted guarantor.
Business across the globe have been significantly impacted by the coronavirus pandemic, local lockdowns and the beginning of the deepest recession in 300 years. No company can even dream of not being hit – or at least touched – by the eff ects of the current global crisis.This volatility and uncertainty means that the risks of doing businesses are greater than ever before. Companies pitching for tenders need to convince their would-be bosses that they have the capital and staying power to do a good job. Regulators expect those organisations to have bonds in place to protect investments and consumers.
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