The Redcliffe annual debt finance conference is one of the leading debt market conferences in Europe, attracting over 240 participants on previous conferences. Deal-makers and professionals consider Redcliffe’s conferences to be an ideal forum for topical discussion on the latest ideas, trends and developments.
This highly successful debt finance programme will focus on the key trends, developments and issues in the debt markets covering investment grade and high yield, large and mid-caps, public and private sources and introducing a new topic on the highly successful retail bond market.
Prior to the crisis, European corporates had taken advantage of easier access to both loan finance and, in some cases, equity capital markets. The financial crisis has triggered a structural change in the financing of mid to large corporates in Europe which, increasingly, are relying on the bond markets for salvation (though leveraged loans are having the busiest year since 2007). This change has been driven by an increasingly familiar list of suspects; contracting bank balance sheets, the fact that banks seem to be paying as much, if not higher rates for their funding than many of their customers and the search for returns by yield-hungry investors.
However, bond markets, by virtue of the constraints on size and credit quality, cannot cater for all players and other, established, forms of bank and ABL lending remain the only source of finance for those borrowers. This conference also examines the trends driving those more traditional forms of funding. In a further development, retail bonds have gained traction with over £3bn issued since 2010, and this conference will address the question of whether this source will prove attractive to mid-cap firms.
We have drawn together a raft of experts from the major household names in the market who will be sharing their insights and expertise on where the market is and where it is going to go.
I look forward to welcoming you to this debt finance 2014 conference.