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 Australian government’s aim of promoting a retail bond market is laudable. But there’s a long way to go, and it’s not clear that the first round of proposals will be much use at all.
-
The loan market is in danger of polarising. While top tier borrowers will continue to command strong backing from their lenders, smaller, more domestically focused companies will struggle in 2011 as their local banks pass on their higher costs of funds and reduce their leverage.
-
Covered bonds are finally fair dinkum in Australia. Good news for the country’s banks that desperately need an alternative to the propped-up RMBS market and good news for investors looking for secure, highly rated assets from non-European financial institutions.
-
First it was politicians and regulators bashing the banks, now it’s institutional investors. But if there’s one thing that the ECM market can be thankful for in the Institutional Investor Council’s attack on rights issue fees this week, it is the timing. ECM and corporate broking are about as competitive as possible right now. In a couple of years’ time, though, it might be a different story: another lukewarm year for dealflow could put serious pressure on the industry to reduce capacity.
-
Russian borrowers are engaged in a delicate balancing act. For secured funding, the international markets are still the route of choice, while for other transactions, the domestic banks frequently offer the best deal. But with Russian banks’ ambitions growing, CEE loans bankers must ask themselves how long this division of labour can survive.
-
There are various plans being considered to fix Europe’s sovereign finances. But before any of them get a chance to succeed, the politicians in charge of putting them in place need to learn the importance of thinking before they speak.