Global liquidity has lent support to deal-making, says Raj Balakrishnan

Disruption in economic activity caused by the pandemic failed to deter equity capital markets (ECMs) in H1CY20, which has been in a blockbuster phase. Raj Balakrishnan, country head (investment banking), Bank of America, expects the momentum to continue on the back of a strong pipeline. In an interview to Samie Modak, he explains various reasons behind the robust activity in ECMs. Edited excerpts: How has the year been for Bank of America? The year started with a number of follow-on offers and two perpetual bond transactions. While overall IPO volumes were down, we did execute the .....

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