A SUPPLEMENT TO EUROMONEY - MARKET 1997
Bankers say it's going to be a busy year for new issues. Peter Lee asks whether they will be able to get through without a bottleneck, or worse, an overheated market
The euro will seriously change the way Europe's capital market works. Borrowers have already issued bonds which convert into euros. Euromoney looks at this and other issues on market players' minds.
By Peter Lee
Here's what to expect: a liquid loan market, structured deals and credit derivatives, securitization, merger and acquisition fever, rapid privatization and more MTN borrowers
Euromoney looks at the most impressive deals of last year
First the Chemical Chase merger, then Deutsche Morgan Grenfell's staff shopping spree, and expansion at a number of investment banks. 1996 was a year for hiring, and firing.
By Philip Eade
Euromoney talks to some of the most sophisticated borrowers to find out their strategies for 1997