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Talk of Greece’s return to the bond market for a 10 year euro benchmark has abounded over the last few weeks, following the sovereign’s exit from its third bailout programme. To paraphrase Elvis, it is time for a little less conversation and a little more action.
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Oh, the things investment bankers do to win a pitch. I remember clearly the advent of colour printing, when using flashy designs could make your presentations look extra special.
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GlobalCapital announced the winners of its Sustainable and Responsible Capital Markets Awards 2018 in Amsterdam on Tuesday evening. This year’s two sovereign debut green finance issues, from Indonesia and Belgium, won Deals of the Year in their regions, and there were double laurels for Danone, in both the bond and loan markets.
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The US high yield bond market’s vulnerability to the price of oil is a perfect example of how heavy dependence on a single industry can hit a whole market. Now, the sterling bond market faces a similar test from the retail sector.
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The furore over Elon Musk’s public declaration that he was seeking to take Tesla private ended, when he reversed his decision last week. Tesla’s equity and debt holders must assess whether they are comfortable with Musk retaining almost sole control over corporate strategy.
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The best funding plan is one that suits an individual issuer, and if that means a club deal without a legitimate public bookbuilding process, so be it. But even so, there are some lines that shouldn’t be crossed.
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GlobalRMB is pleased to announce the winners of its inaugural awards, honouring those banks, companies and individuals that have made the biggest contribution to bridging the gap between China and the rest of the world.
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In the latest Clawback, columnist Philippe Espinasse turns his focus to hiring practices in the region's equity capital markets.
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In this round-up, Donald Trump says more tariffs on Chinese imports are likely, the Chinese authorities release the first London Connect details under public consultation, and State Administration of Foreign Exchange (Safe) adds Ray Dalio's hedge fund to the list of RMB qualified foreign institutional investors.
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The covered bond market has a reputation for allowing tough trades to be done, so when My Money Bank postponed its debut deal, the product was imprudently tarnished. The situation could have been avoided had the deal been launched a week earlier or sometime later — just not last week.
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Banks’ stakeholders are demanding ever-stricter standards on sustainability. Rather than simply issuing green bonds as a standalone initiative, financial institutions must look at their business as a whole. By Jasper Cox.
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European banks are nearly at the end of the road in terms of raising regulatory capital. Yet there is hardly a chance for anybody in the market to rest on their laurels. The value of having different capital products has come under close scrutiny, the calibration of the minimum requirement for own funds and eligible liabilities (MREL) is still not set in stone, and market conditions are showing all the signs of having entered into the volatile final phase of the economic cycle. Issuers and investors gathered at Morgan Stanley’s offices in London this summer to discuss the best route forward towards capital compliance.