The question of how the world’s institutional investors will react to Emu and the changes in the European market over the next year is a much debated topic.
Stock market crashes in August seemed to spell the end of all higher-risk business for the foreseeable future, and as investors took refuge in government bonds the ambitions of Europe’s corporate bond evangelists seemed to be crushed. But by the end of November Wall Street was again reaching record highs, high-yield deals such as British cable company NTL’s $625 million issue in October began to emerge, and the European M&A frenzy resumed its hectic pace.
Thanks for your interest in Euromoney!
To unlock this article:
