October 24, 2018 |
After four days of volatility in global equities, relentless corrections and a crowded pipeline last week, the buy- and sell-side seem to mostly agree that investors are at the helm of pricing new paper in the coming weeks.
Emerging market debt saw a sharp rise in pricing last week, while volatility on Wall Street kept potential issuers from coming to the market even after completing investor meetings.
One investor said that while the emerging markets remains acting as a function of the local
Sources argue that credits with the right fundamentals can still access investors while some suggest heavy concessions will need to be made