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
-
The clamour for, and subsequent success of, Spain’s 10 year syndication may prove to be a landmark in the European sovereign debt crisis. But if Portugal tries to follow with a deal of its own, it will be an exercise in lily-gilding at best. At worst, it will be an unnecessary setback for peripheral sovereign bonds.
-
The sukuk market has had a very quiet start to the year, compared with 2012. Until Tuesday, domestic deals in Malaysia and Saudi Arabia were all that had appeared. That has all changed with Dubai’s quickfire sovereign benchmark and a multicurrency sukuk programme from Malaysia’s Sime Darby. The hope is that these will get the Islamic finance pipeline flowing again.
-
Market conditions are strong and it seems that almost any FIG issuer can do a deal. But that doesn't mean they can take liberties. Investors can be forgetful, but more often they remember when they have been taken for granted.
-
A covered bond that offers identical credit quality to any other but which is immune from rating volatility should prove a boon to both investors and issuers. A pass-through structure would achieve just that, and NIBC’s decision to explore it should be applauded.
-
Syndicated loan volumes in Asia ex-Japan over the last year present a depressing picture. But beneath the lacklustre statistics is a ray of light. Better times are about to kick in.
-
The Kingdom of Spain’s 10 year secondary yields tipped back over the 5% mark on Monday before declining again on Tuesday, showing the precarious nature of the periphery rally. It is the surest sign yet that Spain must issue sooner rather than later, or risk moving further down the road to a bail-out.