M&A to drive Europe corporate bond issuance as deals mount

Roche Avastin for web
By Jon Hay
28 Aug 2014

Mergers and acquisitions are set to be an important driver of corporate bond issuance this autumn. Deal mandates are already building up — in fact, M&A is the driver for virtually all the deals that have yet appeared in Europe’s corporate bond pipeline this season.

Debt issuance conditions are unlikely to have been holding companies back from M&A for the past two years, so the market’s extreme bullishness now will probably not provoke new takeovers.

But despite continued doubts about Europe’s economic recovery, the pace of dealmaking does appear to be ...

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