Top Section/Ad
Top Section/Ad
Most recent
Century bonds might be smart funding for an issuer but they are also a signalling tool that tell us about investor desire, confidence and changing market cycles
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
More articles/Ad
More articles/Ad
More articles
-
Bank of America, Citigroup and JP Morgan’s new $75bn fund to bail out SIVs is something that hasn’t been seen for a long time: a positive story from the structured finance market. The fund may not solve many of the problems of SIVs or ABCP, but at least it looks like a brave try.
-
UK chancellor Alistair Darling has shot himself in the foot politically with tax changes designed to hurt private equity. Private equity funds will be fine — they are smart enough to sidestep the measures. The changes may not be a bad thing, but Darling should have consulted business properly.
-
Inmocaral — now Colonial — has been at the centre of a storm in the Spanish loan market this year. No one comes out of it very well, and it calls into question the reliability of bank-borrower relationships
-
The disgraced leveraged loan market has finally dared to return to polite society — now that it has something to say other than “woe is me”. Much of the First Data deal was sold, and secondary prices are recovering. But privately, bankers will tell you that it’s a long time before they expect to get rid of some of the big loans burning holes in their pockets.
-
The subprime mortgage-related crisis of 2007 has scared a lot of people, and someone is going to have to pay. It looks likely to be securitisation. European finance ministers are getting their heads together to tackle the market. Their minds are not already made up, but the securitisation market will have to get its act together very quickly if it is to avoid being crushed.
-
European government bond dealers would be wrong to go cold on EuroMTS just because hedge funds will be allowed to join. They should swallow their disappointment and see if they can make the market work better.