Valuations are reasonably attractive, but if supply continues to be heavy, spreads could go even wider.

Rick Rezek

Categorized in : Mergers & Acquisitions

The only electronic platforms that have succeeded are those with a dealer on the other side who is willing to commit capital and facilitate the transaction, i wouldn't want to put something on a platform at BlackRock and let them see what I am doing, and they wouldn't do that either.

The biggest challenge for high-grade corporates has been supply, new issuance activity has been exceptionally heavy, and the market has had to reprice spreads wider to clear the supply.

mergers-acquisitions