Top Section/Ad
Top Section/Ad
Most recent
Asian buyers driving callable SSA market have resurfaced in public benchmark deals
Public sector issuers have become more flexible when executing cross-currency interest rate swaps
Politically motivated prosecutions endanger democracy
Solutions exist but political will is necessary
More articles/Ad
More articles/Ad
More articles
-
Most of the time, it’s much easier to deal with new leverage than getting rid of old leverage. That’s something the US CLO market would do well to remember with lead managers said to be placing new CLOs with hedge funds that are taking down senior tranches, provided they can do so, up to 9x levered, making the 150bp spreads on offer look a bit more exciting.
-
Rejoice one and all, for M&A has made its long awaited return. But loans bankers might want to keep that celebratory champagne on ice for now, as the way multi-billion dollar acquisitions are financed in a post-crisis world are going to be very different to the big fee earners of old.
-
The high yield market in Europe is a rare beacon of employment opportunities in fixed income. As banks jostle for position on the left side of the mandates, they are being forced to boost their rosters to provide the service required. But will it all prove worthwhile?
-
Sanctions on Russia were met with a sigh this week as an ineffectual list with limited impact on the Russian economy was unveiled. Even S&P’s downgrading of the country to BBB- from BBB made no waves. But the rolling list of sanctions is limiting western interest in loading up on more debt from the country — so it is a good job Gazprom is leading the charge elsewhere.
-
At Barclays' AGM on Thursday, chairman David Walker was the fall guy. He had to defend pay at the bank, describing 2013’s compensation decision as “among the hardest that we have had to take”, and making it clear that this was thanks to the media.
-
The tantalising prospect of European Central Bank quantitative easing has the bond market back on happy pills.