Crisis on world crediting market reduces number of purchasing by account of loan funds

/INTERFAX-AFI, London, November 30, 07/ - Fall of crediting markets all over the world will last for at least a year, which will cause the reduce of number of fusions by account of loan funds, the agency Bloomberg informed with reference on research, based on query of European banks and hedge- funds. Volumes of crediting will reduce, because investors try to avoid the purchase of bonds, secured by credits for fusions, due to which number of such deals this year had reached the record, is said in the report of Grant Thornton UK LLP, interrogated 110 top-managers of financial companies last month. "Crisis on credit market had returned private joint stock companies to what they had started with, - the head of funds' department of Grant Thornton David Escot says. - We'll see the lesser number of assets' redeeming". Bonds, which helped Kohlberg Kravis Roberts & Co., Bain Capital LLC and Apax Parners Worldwide LLP to pay off on redeeming by account of credit this year, had fall in price lower than 85% from face value, because the record number of deprivations of redeem right on mortgage had caused the sudden decrease of demand for all debt liabilities, except trusted state. Volume of redeeming by account of credits decreased to $157 bn. since beginning of second half-year of current year from record $579 bn. in first half-year. Private joint stock companies, as a rule, are paying two thirds of the deal for fusion by account of loan funds, and then use the planned inflow of capital for paying off with creditors. [2007-12-03]