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The argument · Debt

Debt funds widen the market, but their own capital runs on a maturity calendar.

The counter: Non-bank lenders are now a durable part of the market and work alongside banks, so the clock is managed rather than a cliff.

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Independent coverage by RealTimes. RealTimes is not affiliated with EXPO REAL or Messe München.

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Morning brief at 07:15 CEST from Mon 5 Oct. Ask the desk to add you: Dominica@RealTimes.co