Free content

Patience is a virtue for anyone looking to challenge decisions made during a bank resolution.

Netflix’s blockbuster high yield issuance this week shows the love debt investors continue to have for the streaming service, but instead of adding to an already leveraged balance sheet, it should consider issuing new shares.

John Wood Group, the Scottish oil services company headquartered in Aberdeen, entered the US private placement market late on Wednesday.

There are many inaccurate pejorative stereotypes about investment bankers, but one I’ll gladly admit is true is that we are a snobbish bunch when it comes to travel.

Terminal Investment Limited (TIL), a port operator headquartered in the Netherlands with terminals in 21 countries, has launched a US private placement (US PP) transaction in euros and dollars.

Ray Dalio’s missive on reforming capitalism proposes making the US more egalitarian: this might be needed to avoid slowing the economy and even to avert a collapse in the economic system itself. But investors such as Dalio are not so keen on putting capital into the one region in the world where capitalism and equality have found an easier marriage.

If the architects behind the complicated world of bank resolution and prudential capital regulation have proved one thing, it is that the devil is not always in the detail. Sometimes labels matter more.

A softening in Ukrainian bond spreads may prompt the country's debt management officials to drag their feet over issuing its next public bond. It would be better for them to get moving.

Schuldschein buyers fear a further round of price tightening is nearing after Continental and Lufthansa both closed transactions that were three or four times oversubscribed. But as investor orders were substantially scaled back in both instances, some are considering inflating their bids to guarantee their desired amount.

The elimination of Juventus from football's Champions League on April 16 wiped €390m off its market capitalisation by the following morning, highlighting the risks of owning equity in Europe’s premier football clubs.

German airline Lufthansa took a daring step in mid-March and decided to launch a Schuldschein transaction exclusively via the digital platform VC Trade. It has proved a shrewd move and will likely be game-changing for VC Trade in the battle for digital dominance.

A bid by VC Trade, an emerging technology platform for the Schuldschein market, to overcome resistance and cement its position in the market appears to have paid off this week, as a deal for Lufthansa executed solely via the platform succeeded handsomely. This could prove a turning point for the use of tech in the Schuldschein sector and perhaps other corporate debt markets. Silas Brown reports.