Top Section/Ad
Top Section/Ad
Most recent
The public bond market needs a Gulf reopener with transparent pricing
Turbulent market conditions of the Middle East war have pushed bond issuers and investors to try new things
A swift response is tempting, but lenders should avoid kneejerk reaction
Talk of de-dollarisation has evaporated. The dollar market remains the undisputed king of financing
More articles/Ad
More articles/Ad
More articles
-
Following DBS’s failed acquisition of Bank Danamon, there is talk of foreign investment into the country’s banking system drying up. While foreign ownership restrictions are common in the region, Indonesia should be careful not to go overboard and scare investors away for good.
-
A wave of leveraged loans featuring euros has brought much needed new money into the European leveraged loan market. This is a welcome change for a sector that has suffered badly. But borrowers must not be tempted to forget that Europe still lacks the capacity of the US.
-
Senior lenders on emerging market loans are trying to dissuade junior lenders from joining deals to show borrowers that there’s only so much margin-tightening that the market will accept. The tactic is disingenuous. The top banks need to show more courage.
-
The Debussy CMBS from Toys R Us showed that bank arrangers are not irreplaceable. Investors are taking a more hands-on role in structuring. This should be welcomed if it gives them the confidence to buy riskier deals.
-
Asia’s issuers should consider the merits of issuing 144A dollar bonds. While investors at home stay on the sidelines, US bondholders have proved far more willing to buy into primary deals.
-
It may be August, with its accompanying lethargy and investor absence, but it’s about time that public sector borrowers put their collective shoulder to the wheel and did a few deals. The European and American buyside is on holiday, but issuers should be hopping to catch the opportunities being offered in the Kangaroo market.