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Banking

Mark Bamford, Barclays, on new issuance in the U.S. capital markets: Watch video

Mark Bamford, head of global syndicate at Barclays Capital in New York, speaks with Euromoney's Hamish Risk about the recent surge in corporate bond issuance in the U.S.

Mark Bamford discusses:

  • How the conclusion of European bank stress tests, and signing of the Dodd-Frank Financial regulation bill has removed uncertainity in financial markets

  • Previous market disruptions and the backlog of corporate issuance that needs to be done 

  •  European borrowers prospects in accessing U.S. capital banks, particularly banks, and how US investors percieve their creditworthiness

  •  The need for funding diversification for borrowers


1) On main reasons for spate of new issuance in the U.S. capital markets 

     30 sec-1:03 sec

"Markets like certainty."

2) In 2010, the international capital markets have experienced disruptions, particularly for European borrowers. Is there a significant backlog? 
     1:04-3:08

"In the U.S., there's not an industrial backlog... the backlog has occured in the Eurozone."

3) How do U.S. investors perceive European financials? 

     3:09-4:39

"What individual investors are saying as the result of the stress test, and what the markets are saying, are two different things."

4) Which institutions will have access to the U.S. capital markets? 

     4:40-5:30

"A broad array of financial institutions have access. There appears to be a price for a variety of different financial institutions."

5) The U.S. capital markets: An essential funding destination? 

     5:31-8:19

"The U.S. investment grade market has been particularly resilient."

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