Top Section/Ad
Top Section/Ad
Most recent
The necessity of clauses that help developing countries recover from catastrophes is getting more acute
Data-deprived markets should give the shutdown the attention it deserves
Triple-C loan pricing has been shunted wider while the true credit quality of loans trading at par is obscured
Credit Suisse AT1 bondholders should consider alternatives after this week's sharp repricing
More articles/Ad
More articles/Ad
More articles
-
In the patter emerging market syndicate bankers roll out after a deal is priced, they often modestly (HA!) extol the virtues of their own execution, the timing of a deal and, in the slight hope of a quote massaging the ego of their client, the issuer’s own expertise.
-
Greece’s sovereign funding officials may have had their spirits lifted by the success of Portugal and Ireland in returning to the bond market in the past year. But although Greece’s yields are falling, its loudly broadcast hopes of making its comeback before May’s European elections border on the Panglossian side of optimism.
-
In May 2013, the bond market was in the last throes of its buy anything and everything mode as Petrobras sold the largest ever EM bond at $11bn. Petrobras has now returned with an $8.5bn sale.
-
The launch of the first green bond index is a coup for Solactive and the Climate Bonds Initiative, though neither of them has put an enormous amount of work into it.
-
Covered bond disclosure has come on leaps and bounds over the past few years, but this week it took a humble sellside analyst to tell teams of industry specialists that, despite all their strenuous efforts, they had got it wrong.
-
Investors have been wringing their hands about secondary trading of EM bonds recently. Violent price action fosters illiquidity and makes new issues tough to execute. Russia’s altercation with Ukraine is just the latest driver of that. But the real problem that EM desks are going to face is not disruption, but the potential lack of bond and loan business as growth slows.