chapter  3
Funding Options
Pages 18

In the previous chapter, it was suggested that management should make an estimate of the total external funding requirements over the business planning period, and categorize them into long-term, shorter-term and contingency funds. The next stage in the planning process is to decide, in broad terms, how much of the new funds should be raised in the form of equity, how much as debt, and whether hybrid financial instruments should be used for part of the funding.