Workingcapital is used to fund day-to-day operations at companies, so in addition to receivables, it could cover expenses such as payroll and the costs of procuring, storing and managing inventory.
Take Accion Investments in Microfinance (AIM), a for-profit equity fund created in 2003 to provide capital to microfinance institutions (MFIs) working in challenging markets where such funding was typically unavailable.
Most companies said the bonds issued so far were meant to refinance existing borrowings rather than fund fresh capital investment, which would have been a stronger signal that Abenomics is working.