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GC Asia
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Opposing Views: should SSAs cut fees?
The debate over whether SSA borrowers should pay less in underwriting fees has split the market since the EU told banks it would pay less than the standard rate for its €800bn Next Gen EU bond programme. It is "the only topic" under discussion, one senior SSA banker told GlobalCapital this week. Is it fair to pay banks less when central banks underpin the market, or will issuers jeopardise their position long-term? Here, we present arguments for an against a shake-up of the way banks are paid.
12 May 2021 -
Corporates must be more transparent on sustainability-linked loans
By being allowed to hide the details of sustainability targets and incentives, Europe’s investment grade corporations are being given an easy ride when it comes to sustainability-linked loans. They must be more open if the market is to remain credible.
11 May 2021 -
Technology won't put bankers out of jobs
The increasing pace of technological change in the capital markets might worry some bankers who fear they’ll be replaced by algorithms and distributed ledgers, but they needn’t be concerned.
11 May 2021 -
Hong Kong’s ESG-focused grant scheme falls short
The Hong Kong Monetary Authority’s newly unveiled Green and Sustainable Finance Grant Scheme is big on ambition but falls short on some areas that are growing in importance.
11 May 2021 -
Big tech crackdown: the winners and the losers
China’s latest crackdown on some of its largest internet companies should raise a critical question — who are the real beneficiaries of reining in the country’s technology titans?
05 May 2021 -
ESG progress needs the sharp and the blunt
A small band of committed investors in Tesco has achieved spectacular success with a shareholder motion on healthy food. This should embolden investors to hold issuers to account on a wider range of social matters — and also contains a deeper lesson about how markets bring about change.
05 May 2021 -
Ares raises a massive fund, other lenders might struggle
Ares Management has raised a colossal €11bn for its new European direct lending fund, but firms whose investments hit the skids through the pandemic may not find it quite so easy.
04 May 2021 -
How green is your budget?
‘Look at the issuer as a whole’ is the mantra of the corporate and supranational green bond markets, and rightly so. But we need to apply the same approach to sovereigns.
04 May 2021 -
China-US IPOs are speeding up, not slowing down
Chinese companies have raised equity in the US at a record pace this year. The deal flow has quashed fears that a hostile White House would dissuade China’s hordes of technology startups from listing on the New York Stock Exchange and Nasdaq.
28 Apr 2021 -
Attacks on 'woke capital' put GOP at odds with markets
Senator Marco Rubio is the latest Republican in the US to launch an attack on what conservative voices have recently dubbed “woke capital,” apparently putting the GOP at odds with an investment world that has embraced ESG.
27 Apr 2021
