EuroWeek View: Don’t blame loans for barren bond market
DCM bankers resent the plentiful cheap loans that mean companies don’t need to issue bonds. But they are a valuable resource. The bigger problem is a lack of risk-taking by companies.
A week into September and still not a corporate bond in euros or sterling. One roadshow in euros, a few in sterling. Is this a good or a bad thing?
It depends who you ask. Not surprisingly, debt capital markets bankers hate it. No deals means no revenue, and
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