In the Debt Markets Issue 3

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Early year optimism appeared to stabilise markets but the effects of the Long Term Refinancing Operation appear to be waning as secondary asset prices fell in April. Market sentiment has taken a turn for the worse and volatility has returned with a bang in the European markets.

For CEOs and CFOs there continue to be a number of macro themes causing uncertainty and a cautious attitude to M&A activity – political uncertainty, continued Eurozone debt issues, growth worries, inflation, bank de-leveraging.

Non-bank funders continue to play an increasingly important role as they offer companies an important source of additional liquidity. Although this liquidity can be more expensive than traditional bank pricing, funds can often offer companies significantly more flexibility.

Our Debt Markets and Debt Brokerage businesses are regularly speaking to over 150 investors. As fragmentation continues, reach and scale will be key to accessing this investor base.

Contact details
Email: Denham Wolsey
Tel: +44 (0)1908 353049