Derivatives - All Articles

  • CEE countries ranked in top 10 of new financial risk index

    Hungary, Poland and Romania are ranked in the top quarter of a new index of financial risk. Nomura says that countries should act now to reduce the risk of a crisis hitting within the next three years.

    • 30 Jun 2021
  • CEE sovereigns impress with issuance flood as rate rise looms

    Investors shrugged off warnings from the US Federal Reserve over tighter monetary policy to lap up tightly priced issues by emerging European sovereigns this week.

    • 30 Jun 2021
  • Belarus forced closer to Russia as EU ties erode amid pressing sanctions

    As EU sanctions on Belarus sovereign take effect this week, market players told GloblalCapital’s sister title GlobalMarkets that the measures may simply push the former Soviet state closer to Russia and further from the West.

    • 30 Jun 2021
  • EBRD’s digitalisation programmes key to ‘building back better’ economies

    The EBRD is speeding up its programmes to help countries embrace digitalisation that has the potential to help overcome the impacts of the pandemic on their economies

    • 30 Jun 2021
  • EU Commission subsidises local currency lending to Azerbaijan

    A hedging company and the EC have teamed up to make swaps more affordable in frontier markets

    • 30 Jun 2021
  • Insurers mourn missed chance of EU insurance agency

    The debate over the idea of creating a unified European development bank missed an opportunity raised by the G20 to establish an insurance guarantee agency, one industry expert tells GlobalMarkets

    • 30 Jun 2021
  • CEE countries top new ESG impact ranking

    Investment analytics firm Impact Cubed has launched a new ranking for ESG impact based on which countries are improving fastest — an important factor when considering the view that those that demonstrate ESG leadership will attract more investment.

    • 30 Jun 2021
  • Bleak outlook for Russia as EBRD shows no signs of backing down

    The arrival of a new president of the EBRD has not pointed to any change in the bank’s frosty relationship with Russia, which economists believe faces a depressing outlook for economic growth.

    • 30 Jun 2021
  • New era awaits Sudan after historic debt relief debt

    Sudan could see up to $50bn of its debt written off following agreement with bilateral lenders, multilaterals and commercial creditors, potentially turning an important corner in its return to the international fold

    • 30 Jun 2021
  • EBRD to unveil African expansion in 2022 as Covid hangs over region

    The EBRD hopes to launch its push into sub-Saharan Africa next year, its managing director for the Southern and Eastern Mediterranean region said this week, as the ravages of Covid-19 in the region stymie hopes of a 2021 launch.

    • 30 Jun 2021
  • ‘Weak’ pandemic response puts MDBs in the spotlight

    While far from over, the Covid-19 crisis has been going on long enough to start to evaluate the response to it by MDBs. According to experts, it has been hit and miss

    • 30 Jun 2021
  • Tale of two recoveries as emerging Europe and Asia escape Covid’s grip

    The EBRD’s central and eastern European heartland faces tough challenges as it seeks to regain its economic footing after being laid low by the outbreak of the Covid-19 pandemic

    • 30 Jun 2021
  • EM to take tapering on the chin

    Although the US Federal Reserve has pointed towards tapering its monetary policy — warnings that in the past spooked investors — emerging markets are poised to weather the storm well, sources said this week. Though challenges lie in store, there will be no repeat of the ‘Taper Tantrum’ witnessed in 2013.

    • 30 Jun 2021
  • FHFA announces leadership change in post-Calabria regime

    The Federal Housing Finance Agency announced new leadership appointments under the new acting director Sandra Thompson on Tuesday, kicking off a wave of people and policy changes to come in at the agency.

    • 30 Jun 2021
  • Bond-loan hybrid manager Diameter prices debut BSL deal

    Diameter Capital Partners has priced its debut CLO after $250m seed funding from alternative asset managers Apollo Global Management and Corbin Capital, and the pension fund of renewable energy company Babcock & Wilcox. Despite being active in the bond-loan deals, this is the first traditional CLO priced by Diameter, making the firm a new entrance in the regular broadly syndicated loan CLO market.

    • 30 Jun 2021
  • CIBC reopens dollar covered bonds with a roar

    Canadian Imperial Bank of Commerce achieved a roaring success with its $2bn five year 144A deal priced on Wednesday, the first from a Canadian bank in over a year. CIBC managed to achieve a size and spread that would not have been possible in euros and showed the importance of paying attention to key currency markets outside Europe.

    • 30 Jun 2021
  • Pemberton points to concentration in UK direct lending market

    In a report on the state of UK private credit, Pemberton predicts further concentration in direct lending, as borrowers opt for established players over upstart funds.

    • 30 Jun 2021
  • Vinci basks alone in Europe’s IG corporate market

    Vinci, the French concessions and construction company, had Europe’s high grade corporate market to itself on Wednesday, with the borrower having an easier time slashing its spread for 10 year money during bookbuilding than lower rated issuers in recent days.

    • 30 Jun 2021
  • 'Huge opportunities for smartest players': Boies Schiller boss on distressed debt

    Natasha Harrison, the heir apparent to fabled law firm Boies Schiller Flexner, told GlobalCapital that while she was not expecting a collapse in corporate credit coming out of the coronavirus, there will be big opportunities for sophisticated distressed debt investors.

    • 30 Jun 2021
  • Wallonia cuts lone figure in SSA market as EFSF posts RFP

    The Belgian region of Wallonia was the only public sector borrower to the follow Tuesday’s jumbo dual tranche by the European Union in the primary market on Wednesday as it raised €1bn with a new long 10 year conventional bond.

    • 30 Jun 2021