Refinancing continues to be the main driver of activity, accounting for 66 percent of total volume. It is anticipated that market activity for the remainder of the year will be driven by the improving business confidence and corporate activity leading to improving deal flow for the local market.
- Traditionally quiet quarter, however positive outlook to follow.
- Alternative financing remains firmly on the agenda of corporates.
- Institutional lending on the rise and bond markets increasingly competing with traditional bank loans.