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GC Asia
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When prodigies appear in markets, heed the warning
A lion walks the streets of Rome, an owl shrieks in the marketplace at noon.
17 Jun 2021 -
EU: a good start but it will get tougher
There were likely some well earned fist bumps and high fives going on in Brussels this week after the EU inaugurated its Next Generation funding programme with a triumphant €20bn outing. But things won’t always be so smooth for the issuer.
17 Jun 2021 -
UK must avoid the EU’s Taxonomy gaffes
Does the world need another taxonomy of what is green?
10 Jun 2021 -
MREL is the real challenge for Greek banks
Investors had plenty of appetite for a super-high yielding additional tier one from Piraeus Bank this week. Will they still be hungry when Greek banks try and issue large volumes of senior debt for their regulatory requirements?
10 Jun 2021 -
EU bank rules: more isn’t always merrier
European lawmakers are introducing new rules and restrictions for banks in areas where supervisors could be far more effective acting on a case-by-case basis.
03 Jun 2021 -
US convertible bond market comes of age
After a year-long frenzy, the primary market for US convertible bonds has cooled, following a rotation out of technology stocks and jitters over rising yields on government bonds. An injection of realism is no bad thing, however, and should be welcomed in a market that has almost doubled in size within the space of a year.
03 Jun 2021 -
EM bond market can't ignore human rights
Inside the office of Spondoolicks Emerging Market Bond Fund, May 24.
27 May 2021 -
Libor’s communication conundrum
The life of the Libor will soon be over. But banks have still not found an effective way to communicate the urgency with which their European corporate clients must adapt or suffer the consequences.
27 May 2021 -
Rocky markets will reward nimble issuers
Sovereign, surpranational and agency borrowers have endured a rough week in the euro market. Trust in the ECB’s support is flagging and inflation is threatening to return. It’s going to be a bumpy ride and issuers that can steer clear for now would do well to.
20 May 2021 -
Bank asset quality: too good to be true?
Evidence suggests European lenders are a little too optimistic about the quality of their credit exposures after the pandemic.
20 May 2021
