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
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"Markets like certainty."
"In the U.S., there's not an industrial backlog... the backlog has occured in the Eurozone."
"What individual investors are saying as the result of the stress test, and what the markets are saying, are two different things."
"A broad array of financial institutions have access. There appears to be a price for a variety of different financial institutions."
"The U.S. investment grade market has been particularly resilient."