July 31, 2019
Mark Tuttle, Co-Head of Investment Banking, Mizuho
Expect the slowdown in cross-border bond issuance to carry into the second half now that many companies have already satisfied their refinancing needs and don’t plan any big new investments in light of slower economic growth, according to Mark Tuttle, co-head of investment banking at Mizuho.
“If you look at the volume that we had in 2016 into 2017, we had a broad selection of issuers in the region taking advantage of low rates and a great issuance environment to get out in front of investment, get out in front of refinancing and take advantage of longer tenors,” he says.
There’s also some lingering concern among potential issuers about
Corporate financing demand eases as economic concerns grow