Handbook of Corporate Finance Empirical Corporate Finance Volume 1

Ch. 6: Security Offerings 257

(a)

Fig. 2. Annual distribution of total issue proceeds in 37,398 public and 17,948 private issues of straight debt by U.S. companies, classified by whethe

r the issuer

is an Industrial Company, a Bank or Financial Institution, or a Public Utility, 1980–2003.