Ajax Corporation Rejects a Loan Offered by Its London Bank

Ajax Corporation rejects a loan offered by its London bank and decides instead to issue Euronotes through security dealer Credit Suisse into the global financial marketplace in order to raise capital for a new project. What type of financial transaction (funds transfer) has been rejected by Ajax and what type of financial transaction (funds transfer) is Ajax going to use to raise the loanable funds it requires? If financial transactions of this latter type continue to grow in relative importance within the global financial system, how will this trend ultimately change the international system of money and capital markets? What impact do you think this might have on savers and borrowers within the global financial marketplace?