CARGA_INICIAL20200609
IPO markets remain subdued in Europe despite strong secondary-market performance and private equity dynamism. Structural fragmentation, compliance burdens, and limited liquidity windows constrain the pipeline even in the face of reforms that seek to lower execution risk and expand issuer participation.
Este trabajo analiza los factores que frenan las IPO y las implicaciones estratégicas del acceso a los mercados de capitales.
The third tranche of Spain’s government-backed guarantee scheme in response to COVID-19 will include the allocation of 4 billion euros to secure commercial paper issued on the alternative fixed-income market (MARF for its acronym in Spanish).
After muted activity in 2018, this year has seen intense growth in private fixed-income issuance by Spanish issuers. Specifically, bond issuance by the Spanish private sector during the first 10 months of 2019 is 23% higher year-on-year and already above the volume issued in all of 2018.