Bank and corporate counsel shed light on how
European issuers and acquirers should navigate the abundance of
new funding opportunities
Low borrowing costs have characterised Europe's financial
markets of late. It's creating new markets, new financiers, and
predictions of a bumper year for M&A.
Speakers at IFLR's European Capital Markets Forum, held in
London in late January, debated the ramifications for those
executing capital market and M&A deals over the coming 12
New market for EU issuers
A panel of bankers' counsel started the forum by announcing
that the increasing convergence in high-yield and emerging
market debt transactions should open a big new market for
European issuers in 2014.
As record volumes in Europe's debt capital markets (DCM)
continue into 2014, so too has the availability of funding
options increased. But growth in markets and products has also
provoked increased complexity in transactional structures.