Skip to content
Subscriber Only

London Bankers Ready for Debt Deals If Johnson Wins Vote

  • Resolution may boost junk-rated debt supply in U.K.: JPMorgan
  • Sterling bond and loan sales have dwindled since spike in 2017
Updated on

Britain’s junk-rated debt market could be on the verge of a deal bonanza if the U.K. Parliament backs Boris Johnson’s Brexit deal on Saturday.

“The U.K. market is still one of the deepest in Europe for corporate finance and M&A, and given the lack of issuance in the past 18 months, there’s a lot of transactions waiting to happen,” said Stefan Povaly, co-head of leveraged finance origination in EMEA at JPMorgan Chase & Co. in London. “Some sort of resolution or deal could be a catalyst for incremental deal activity in the sterling market.”