Structured Bonds - All Articles

  • Crisis Talk — with Daniela Mardarovici, co-head of multisector fixed income at Macquarie IM

    GlobalCapital spoke to veteran portfolio manager Daniela Mardarovici, who co-heads the multisector and core plus fixed income business at $234bn asset manager Macquarie Investment Management, about the US Federal Reserve's rescue packages, the magic of Boeing's market access, and where to find the bargains in energy, emerging markets and healthcare.

    • 27 May 2020
  • BoE explores further measures to expand Covid support

    The Bank of England is mulling ways to support businesses left out of Covid-19 support schemes, with a focus on sub-investment grade corporates and encouraging lending into the real economy. A securitization structure is being comtemplated via the setting up of an intermediary bank.

    • 19 May 2020
  • Citigroup bond syndicate leader to leave industry

    One of Europe’s leading bond syndicate bankers has decided to leave Citigroup, and probably the capital markets.

    • 14 May 2020
  • Crisis Talk — with Christophe Salmon, CFO of Trafigura, on hedging oil’s biggest crash

    As a crucial middleman in the oil business, Trafigura has had to cope with concerns about the creditworthiness of some of its counterparts, and unprecedented volatility in the oil price that saw the West Texas Intermediate (WTI) contract turn negative at the end of April. Christophe Salmon, the company’s chief financial officer, explained how the company has coped with the crisis, and how its funding approach, based on deep banking relationships and a secured financing structure, proved resilient to the chaos around it.

    • 13 May 2020
  • Libor transition deadline ‘challenging’ but unlikely to be extended, says senior lawyer

    The coronavirus crisis has severely disrupted the move away from Libor to the new recommended risk-free rates. But market participants will have to press on to meet the original deadline, with no extension on the horizon, according to a senior capital markets lawyer.

    • 12 May 2020
  • Crisis Talk — with virology expert professor Peter Openshaw on why post-Covid offices must adapt

    As Western societies begin to contemplate life returning to some semblance of normality, the financial industry is working out how best to balance the understandable desire to get back to how things were before the crisis with the very real threat of a new and more deadly wave of coronavirus brought on by a mass-return to offices. GlobalCapital’s Silas Brown spoke with Peter Openshaw, a specialist in immunology and virology and professor of experimental medicine at Imperial College, about the transmission of Covid-19 and how banks, investors and companies can reduce the risk of infection.

    • 06 May 2020
  • Norwegian Air Shuttle nears state support as rescue package given go-ahead

    Norwegian Air Shuttle is close to receiving vital loan guarantees from Norway, as shareholders voted through a near $1bn-equivalent debt to equity swap from bondholders and aircraft lessors.

    • 03 May 2020