Mr Hintz sees it as an encouraging sign that none of the investment banks issuing bonds in the second half of August pointed to new “material” risks, as required when a company raises debt.

Hintz先生认为在八月下半个月没有投资银行因为债务提高, 而发行债券以解决”缺钱”的问题.

youdao

These indemnification agreements throw liability for due-diligence failures back on to the company issuing the shares or bonds, making a nonsense of an underwriter's gatekeeping role.

ECONOMIST: Face value