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
-
Investors back new guidelines for corporate bond covenants, which they believe could help foster some form of relationship lending, a model traditionally closer to the loan market. But there are big obstacles to these covenants being implemented in the first place, let alone creating a new market dynamic.
-
BP is all but shut out of the bond market. Even if it could issue, the spreads it would have to pay would be unthinkably high. Luckily for BP, the loan market is proving more reliable, showing how far relationships can take you.
-
As European governments prepare to publish the results of stress tests for banks, they should consider including a sovereign default in the severe scenario. As the fate of Greek banks has shown, no banking system can realistically survive the collapse in confidence following a sovereign nearing default regardless of capitalisation.
-
The UK competition regulator has responded to longstanding criticism by listed companies by formally investigating the fees that banks charge for underwriting equity offerings. However, with deal volumes so low in the equity capital markets, they will be hard pressed to find any fees to investigate.
-
Spain has leapt to the top the capital market’s worry list this week, just as the Bank of International Settlements has warned the world of another round of financial chaos. It’s time for some calm, sensible heads to help Spain’s borrowers through these volatile and difficult times. On the basis of his remarks on Monday, BBVA’s chairman Francisco González is not one of them.
-
Asian lenders are an increasingly powerful force in Europe’s loan market. The spectacular return of retail demand in the last three months has been partly due to their willingness to fund EMEA’s borrowers. But Asian demand is also fragile, and any further rises in funding costs could see it cut back.