Top Section/Ad
Top Section/Ad
Most recent
Covered bond issuers have been reluctant to issue on the same day as a central bank announcement, but this is starting to change
Markets are looking to the authorities to simplify blockchain issues, but they may not have the purest motives
The new European Secured Note market is keen to secure regulatory recognition for the new product but there are advantages to not having it
The possible further internationalisation of the covered bond market will present challenges as well as opportunities
More articles/Ad
More articles/Ad
More articles
-
There may be only a month to go before a second Greek default and possible exit from the euro. There may even be less time, if the bleeding of deposits from Greek banks becomes life-threatening, and central banks or the Eurozone rescue mechanisms do not stanch the flow.
-
The radio silence surrounding the suspension in 3CIF bonds this week is a textbook case of How Not To Do Investor Relations.
-
For European bond bankers, envying the US market’s lively vigour is nothing new. This week, that familiar feeling of bored frustration was back.
-
It makes perfect sense for Bank of America Corp and JP Morgan Chase & Co to have left their lower tier two notes outstanding this week at their first call dates. Any replacement capital would be vastly more expensive than the double-digit spread they will now pay on the floating rate coupons.
-
There was a dazzling documentation development in the much maligned European loan market this week. SSAB’s three year plus one plus one facility included a newly forged covenant that will require a majority vote by its syndicate banks before the extensions can be exercised. But that’s not all: the banks get to vote in secret.
-
The market had its first sight this week of what is lurking beneath the swell of liquidity produced in the first months of this year by the European Central Bank’s LTRO. It wasn’t pretty.