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
-
Asian bond issuers have had an impressive run so far this year, closing a record amount of deals in just a few weeks. But the more crowded the market becomes, the more likely it is that the window of opportunity will slam shut.
-
Commonwealth Bank of Australia’s ground-breaking Aussie dollar covered bond deal is the story that everyone was waiting for. Its success disproves the conventional wisdom that euros and dollars are the only really liquid markets.
-
Why are companies issuing so many bonds? They are worried funding conditions will deteriorate, as sovereign turmoil, international tension or economic gloom start to gnaw at investors’ souls. That could suggest investors are wrong to buy the deals now. But money needs a safe home, and at the moment, corporate debt is it.
-
S&P’s European sovereign downgrades last week were well telegraphed and followed sentiment rather than leading it. They offer a lesson for all those involved in the Greek debt swap negotiations in how not to make a drama out of a crisis.
-
Indian companies hoping to raise equity do not have the luxury of time. State elections at the start of this year and next, and the national vote in two years, will leave them little time to appeal to foreign and domestic investors without populist political rhetoric getting in the way. The start of the new financial year in April should be their starting gun.
-
For the last couple of months, European high yield investors have seemed to be making real progress in their battle to win better disclosure from issuers — something long enjoyed by US investors. But now, after a long deal drought, along comes Polkomtel, seeking €900m but without the full disclosure many funds want. Will investors have the courage to turn it down?