Top Section/Ad
Top Section/Ad
Most recent
The preference for a diverse group of lead managers and the convention of reciprocity keep covered bond bookrunning competitive despite concentration so far this year
Chemical sector's growing uncompetitiveness a problem when it comes to attracting investment in the capital markets
When staff complain, they deserve a fair hearing, not a wall of silence
Benin reaped the rewards of its sukuk debut last week, and will do so for years to come
More articles/Ad
More articles/Ad
More articles
-
The Hong Kong stock exchange talked up the offshore renminbi equity market this week, pointing to the bond market as an example of how quickly offshore renminbi products can grow. But this is a spurious comparison. Investors will not treat equity like debt — and it will take a lot more work for equity volumes to rise.
-
The prospect of a market developing for UK local authority debt has got bankers understandably excited. But pricing on the one issue to have taken place has led some to worry that other authorities may find it hard to make capital markets issuance justifiable. Concerns may be legitimate, but probably for a different reason.
-
The Australian regulator is pushing for faster implementation of Basel III rules among its banks. It is doing so because it can — the country's banks are in good shape. Others, like the Europeans, are not so lucky, but the regulatory and market pressure is on.
-
Bond mandates from EM credits have frequently been a quid pro quo for cheap syndicated lending. But if bank lending dries up, it could have big implications for borrowers — and the banks vying to service them.
-
In good times, investors trust forecasts and concentrate on individual securities. In bad times, the macro picture is all that matters – so you get a succession of hypes. Jackson Hole was the latest – it won’t be the last.
-
There have been few listings more eagerly anticipated than Manchester United’s pending IPO. The deal quickly became a must-have for the Singapore stock exchange, which muscled Hong Kong off the ball and won possession. Hong Kong officials should not see that as such a bad thing. This is one deal that Hong Kong could do without.