Thawing debt markets have triggered a flurry of bond issues across the region; some sovereign wealth funds have continued to make overseas acquisitions in spite of losses on investments; and tottering companies have provided advisory teams with welcome restructuring work.
“The markets are beginning to bubble back now, and a lot of people are revisiting plans they shelved because of the crisis,” says Declan Hegarty, co-head of global banking at HSBC Middle East.
Fees remain low – and there is still not enough work to keep everyone occupied – but with the financial storm clouds clearing somewhat and signs of tentative economic recovery mounting, clear winners and losers in the region are emerging
No comments:
Post a Comment