Top Section/Ad
Top Section/Ad
Most recent
With equity returns under strain, managers would do well to slow the pace of CLO issuance
Issuance has kept going by giving investors just what they want
John Healey resigned because the money was not there for defence. It may not be there for anything
Bifurcation is emerging in how investors treat the hyperscalers
More articles/Ad
More articles/Ad
More articles
-
The Bank of England’s broad conception of transparency, revealed in a consultation on ABS eligibility criteria, is refreshing in a world where everyone is looking for a silver bullet.
-
Germany’s Merck KGaA’s Eu3.2bn bond came under fire last week for what some described as overly generous pricing. But this wasn’t an exercise in setting price benchmarks. Surety of funds has to be the main concern in any acquisition-related funding, and in that respect, Merck’s strategy was spot on.
-
The European loan market’s pulse is quickening after 18 months of painful rehabilitation. But there is a real danger that the market’s return to full health might take longer than it should as borrowers wait for margins to fall further before making the (re)financing leap.
-
The Middle East’s loan market has had a good start to 2010. But there is still some way to go before calling a full recovery. Luckily, for some sectors at least, the bond market is proving a reliable alternative source of funding.
-
Rouble Eurobonds from Russian issuers — the emerging market’s bull market product of 2007 — are back. And this time, they could be here to stay.
-
While a tax on banks to create a bailout fund is sensible in principle, in practice it could, in fact, lead to greater market indiscipline. Moreover, the latest banker bashing — from an unlikely source, the UK Conservative party — shows that momentum for global harmonisation of financial rules is close to fizzling out.