People & Markets - All Articles

  • Green companies seek ‘voice in the debate’ — EDF CFO

    Sixteen companies, all leading green bond issuers, have formed a Corporate Forum on Sustainable Finance. Electricité de France was the prime mover. Xavier Girre, chief financial officer of EDF, tells GlobalCapital why the group is needed, why he supports a green supporting factor and how EDF’s sustainable finance strategy is developing.

    • 31 Jan 2019
  • Bondholders remain tongue-tied as climate risks worsen

    Most bond investors are making minimal effort to lobby companies to improve their performance on climate change, a new report has found. Some feel they haven’t the right to make demands; some leave it to equity colleagues; some do not see it as relevant.

    • 31 Jan 2019
  • Natixis reshuffles MTNs as Martin changes position

    Natixis has made some internal changes to its MTN team, after the desk’s global head Elsa Martin took on a new position within the bank.

    • 29 Jan 2019
  • BOC loses debt syndicate head in Hong Kong

    Bank of China’s Hong Kong-based debt syndicate head Sebastian Ha is leaving the firm next month.

    • 28 Jan 2019
  • EBRD, EIB jockey for position in revamped Juncker plan

    The European Investment Bank, European Commission and EU member states are struggling to decide how to run InvestEU, a €47bn guarantee from the EU budget supposed to support €650bn in investment, as a successor to the Juncker plan. The Commission is seeking more direct control, while the European Bank for Reconstruction and Development is also after a bigger role.

    • 24 Jan 2019
  • Indian debt issuance: two steps forward, one step back

    The Reserve Bank of India’s recent reforms to its external commercial borrowings (ECB) policy make for a simpler and looser process for firms raising debt offshore. But the central bank has also put up new roadblocks for issuers that could drastically affect their access to capital markets.

    • 22 Jan 2019
  • Climate activists boo Larry Fink’s CEO letter

    Larry Fink, chief executive of BlackRock, became one of the most namechecked people in the responsible investing movement in 2018 when he affirmed that “Companies must benefit all of their stakeholders, including shareholders, employees, customers and the communities in which they operate.”

    • 17 Jan 2019
  • Barclays cuts across syndicate, LM, RSG, MTNs and advisory

    Barclays has made cuts across its debt capital markets business, with staff put at risk including several long serving bankers who have been with the firm for over a decade.

    • 17 Jan 2019
  • MUFG hires Mann for FIG in Paris

    Mitsubishi UFJ Financial Group has appointed Jason Mann as European head of financial institutions DCM, a role which will be based in a branch of the bank’s new subsidiary, established to prepare for Brexit.

    • 15 Jan 2019
  • Levfin investors band together against borrower domination

    Investors in the leveraged finance market established a new trade body this week, giving them the chance to push back against aggressive covenant terms, and offering an alternative forum to the Association for Financial Markets in Europe, increasingly dominated by the sell side following a mass walk-out by the buy side last year.

    • 10 Jan 2019
  • Barclays names new DCM leadership

    Barclays has unveiled the new structure of its management team for its global DCM and risk solutions group businesses, naming a new head of DCM for EMEA.

    • 10 Jan 2019
  • RBC corporate DCM head Seibel to run Mizuho’s EU arm

    Mizuho International said it had hired Christoph Seibel, head of EMEA corporate debt capital markets at RBC Capital Markets, to be chief executive of its EU operations, Mizuho Securities Europe.

    • 10 Jan 2019
  • Fitch joins ESG caravan with relevance scores

    Fitch Ratings has remedied its long lack of a visible response to the rise of environmental, social and governance investing by launching a set of ESG relevance scores.

    • 10 Jan 2019
  • Citi shakes up Apac DCM syndicate team

    Citi has named two new co-heads for the debt capital markets syndicate desk in Asia Pacific, succeeding James Arnold who is taking up another position within the bank.

    • 09 Jan 2019
  • BNPP hires senior Schuldschein originator at BayernLB

    BNP Paribas has hired a senior originator at BayernLB to cover the Schuldschein market.

    • 07 Jan 2019
  • Afme tries to placate HY investors with info concessions

    The Association for Financial Markets in Europe will host a special meeting of its high yield bond division on Wednesday, sources have told GlobalCapital, in an effort to woo back disgruntled investors.

    • 07 Jan 2019
  • Corporates could get double whammy by investing cash in renewable energy assets

    Companies usually park their reserves of cash in staid, low-yielding liquid assets. But asset managers are trying to persuade them to invest some of that money differently, in a way that could help them live up to their environmental commitments.

    • 03 Jan 2019