At a joint seminar organised by IFR and L&T Infrastructure Finance Co on the sidelines of the Asian Development Bank’s annual meeting, panellists stressed the need for greater public and private sector participation if India is to reach its goal of US$1trn in infrastructure investment in the five years ending 2017.
IFR’s inaugural Schuldscheine Roundtable, held on February 21 in Frankfurt, attracted a large group of the market’s brightest and best originators who were keen and eager to talk about why the market has exploded into action on such a global scale and discuss in an interactive setting where we are likely to see activity emerge in the coming year.
IFR’s latest covered bond roundtable in Frankfurt at the end of January was an extremely insightful update not just on market activity and themes but also on the issues currently on the regulatory agenda. It was an opportune moment, too, to review the challenges and achievements of 2012 and look ahead to likely developments in the coming year. Our discussion included participation from an issuer, an investor, an analyst, a lobbyist as well as bank originators so was a well rounded one that looked at the issues across their various dimensions.
IFR’s annual European ECM conference in late October was perfectly timed to catch the near euphoria in equity markets at the time. Delegates were welcomed with an appearance by Chancellor of the Exchequer George Osborne, before they turned to the issues and challenges of pricing into a rising market in ECM. The day finished with a roundtable to discuss some of the subjects raised during the conference.
IFR’s third German Corporate Funding Roundtable, which took place in Frankfurt in October, was a pretty bullish affair. Combining loan and DCM bankers as well as a borrower, panellists reviewed year-to-date activity in capital markets but the session focused on expectations for issuance in the year ahead.
Eurobond Retrospective: Tales from the Front Line. Keith Mullin speaks to six veterans of the debt capital markets.
The US equity capital market is enjoying a long-awaited boost as investors thrust cash into equity funds with an enthusiasm not seen for decades. Faced with anaemic returns from fixed-income investments and racing to catch up with index gains, investors are embracing primary issuance with great verve.
IFR hosted a fascinating roundtable recently at which a dozen senior and highly experienced DCM professionals discussed in an open forum the future directions for this key financing class under the title of “Plotting a strategic future for debt capital markets: factoring supply-side and demand drivers into the new structural paradigm”.
Investment banking is in the midst of seminal change. The post-financial crisis era has forced a convergence of regulatory, political and cultural change factors that, together, are beyond the vagaries of mere cyclical elements. That was the essential outcome of IFR’s Future of Investment Banking Roundtable.