Investors are shunning emerging markets and wary that
the US market is a bubble about to burst. With interest rates low, that makes European equities so much more attractive. But issuers know it could all go horribly wrong. They are rushing to the market before investor sentiment turns sour. And increasingly, as Antony Currie reports, the deals they want executed are block trades,
secondary offerings and equity-linked bond deals, not the
blockbuster privatizations that were once the mainstay of the market.