BeBeez | Megadeal, Is the Train Starting Again?
Originally posted by BeBeez on July 1, 2024.
Increased stabilization of rates and decreased debt market volatility have led to a series of high-yield bonds being issued in Europe.
Refinancing happens for two reasons: to extend debt maturities or to take advantage of falling rates.
Unrest in Ukraine sparked a blaze of energy prices in H2 2022 through 2023. However, these rates have since stabilized.
“To this, we must add the sea of liquidity stemming from the availability of high-yield bonds, which are still on the market for medium-large operations. This has also made the supply of debt sources more flexible,” Daniele Candiani, co-head of Lincoln’s Capital Advisory Group in Europe, commented. “Today, it may happen that an issuer with a BB rating collects at a fixed rate of 7% or just above.”
Guaranteed returns are lower in the presence of volatility, when at the level of a global financial crisis. The decline in volatility has reported favorable conditions for the resumption of emissions.
Summary
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Lincoln International’s Daniele Candiani identifies the effects of high-yield bonds on market liquidity for medium-large operations.
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By linking my experience in debt advisory and mergers and acquisitions, I look forward to delivering flexible and innovative financing solutions to make an impact that matters with long-term target clients, as Lincoln does best.
Daniele Candiani
Managing Director & Co-Head of Capital Advisory, Europe
MilanMeet Professionals with Complementary Expertise in Capital Advisory
By linking my experience in debt advisory and mergers and acquisitions, I look forward to delivering flexible and innovative financing solutions to make an impact that matters with long-term target clients, as Lincoln does best.
Daniele Candiani
Managing Director & Co-Head of Capital Advisory, Europe
Milan
I build trust with clients by putting their interests first at all times.
Aude Doyen
Managing Director & Co-Head of Capital Advisory, Europe
London
My approach with our bankers and clients is to listen, pay attention to detail, anticipate and keep an eye on the big picture.
James Sinclair
Managing Director & Head of Brazil
São Paulo
