Brexit

US, German and French bankers speaking to GlobalCapital from the control room of the European high yield market want London to keep their capital. But they admit it is a hopeless wish, if Brussels imposes a full Brexit.

While a handful of loans were put on hold following the UK’s vote to leave the EU, a few deals already in the market are braving the choppy waters, with certain credits finding resilient support.

Private equity funds have spent the last two or three years clearing out their cupboards, selling business after business. They have plenty of new money, too — but have not been buying assets. Brexit could bring them out of hiding.

The MTN market, undeterred by volatility afflicting public issuance, has produced a respectable flow of deals since the UK voted last week to leave the European Union.

Even if the terms of the UK’s exit from the European Union are tied up soon, market volatility will remain high — with a second referendum on Scottish independence almost a certainty. And this time, a vote to leave the UK is highly likely.

The US high grade corporate bond market has rebounded strongly following the UK’s decision to leave the European Union, after Molson Coors unveiled a multi-billion dollar M&A financing.

The public sector bond market enjoyed its first constructive day in secondaries since the UK voted last week to leave the European Union, leading to hopes that primary supply could soon restart.

With US Federal Reserve rate rises now likely to be postponed and markets reeling from the fallout from the UK's EU membership referendum last week, emerging market bonds may offer a haven of stability in the coming months.

Wimbledon (the tennis tournament, not the suburb), like the City of London, attracts the world’s top talent, very little of which is home-grown. But how stable will this effect be in a post-Brexit reality? And can we have some certainties about how it’s going to work, please?

English law loan documents are not likely to be scrapped if the UK leaves the European Union, but there will be changes to the docs in the event of a Brexit.

Following the first signs of stability in FIG on Tuesday morning, bankers are cautiously considered opportunities to reignite European primary markets. Banks with close ties to the European project emerged as strong contenders to start the process.

There are those who believe a vote for the UK to leave the European Union represents a chance to peel back onerous regulations on business and finance. Those people are in for an unpleasant surprise.