Debt market: Is There Enough Cheap Liquidity?

DAY ONE, 14:30-16:00

Many borrowers around the world found themselves in difficulty when the debt capital markets were frozen by the global financial crisis. Governments and central banks became the primary sources of financing around the world in 2008-09. Russia managed to avoid a full-scale crisis on the local debt market thanks to the actions of the monetary authorities, and by mid-2009, high-grade borrowers had regained access to the capital markets. How favorable will the situation on the debt markets be in the near future? Which instruments will be most in demand? How will the Russian government’s return to the Eurobond market impact corporate borrowing? What risks are of most concern for investors?