Leader

  • The virus crisis is a proving ground for CLOs

    The virus crisis is a proving ground for CLOs

    CLOs are under acute stress as the coronavirus pandemic wreaks havoc on corporate credit, but the situation presents an opportunity for the market to prove itself to sceptics.

    04.45 PM
  • EM’s acid test

    EM’s acid test

    For years, the best sovereign issuers in the emerging markets would boast that their latest bond deal showed how much the mystical “international financial community” supported the current administration’s macroeconomic management. And EM investors would pretend that buying the stuff was to have the map to Treasure Island.

    26 Mar 2020
  • Corona bonds: an idea that cannot be contained

    Corona bonds: an idea that cannot be contained

    ‘Corona bonds’ have been talked up so much that the EU risks underwhelming the market by failing to act. It has become a question of political solidarity within the region, not simply one of debt management.

    26 Mar 2020
  • Borrow like there’s no tomorrow

    Borrow like there’s no tomorrow

    “There are decades when nothing happens; and there are weeks when decades happen.” So said Vladimir Lenin, although the founder of Soviet Russia probably didn’t write this with the capital markets in mind.

    19 Mar 2020

  • 'Price now' was the right call, finally

    Speak to enough sell-side capital markets bankers and a few patterns start to emerge. For all the talk of putting the client first and understanding their needs, the advice from syndicate and DCM shows a certain bias towards doing bond deals.

    05 Mar 2020
  • The end of the road for roadshows

    The end of the road for roadshows

    The shock of the Covid-19 coronavirus outbreak has forced some rapid thinking among capital markets participants. Almost the first impact has been on travel.

    27 Feb 2020
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