© 2026 GlobalCapital, Derivia Intelligence Limited, company number 15235970, 161 Farringdon Rd, London EC1R 3AL. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions | Cookies

Free content

  • Tata Steel’s plans to reprice a portion of a $3.1bn loan it closed in 2014 has hit roadblocks, with some lenders on the original syndicate pushing back on a steep price cut. The rebellion is reassuring and shows that despite thinning margins, credit fundamentals are not being overlooked by syndicated loans bankers.
  • GlobalCapital was taken aback by the data that salary benchmarking site Emolument provided us last week, showing that women having climbed to vice president level at big investment banks are in many cases earning tens of thousands of pounds less than their male counterparts. But we were even more astonished by the responses we received when asked for comment from the banks about how they plan to eliminate this problem.
  • Citi has been quick to capitalise on the reopening in the Australian RMBS market with a new A$500m ($346m). It follows hard on the heels of Commonwealth Bank of Australia’s (CBA) recent A$2bn trade that came after a jittery period in markets.
  • The recent volatility experienced across global markets proved no obstacle to a RMBS trade from Commonwealth Bank of Australia. While the jittery market did force CBA to price at the investor-friendly end of guidance, the Australian bank managed to raise A$2bn ($1.4bn), double what it originally conveyed.
  • Sterling bonds are not always the most exciting market, but there is a new mini-boom going on that has no parallel in Europe.
  • Paying up to get size away in euros is a painful idea for public sector funding officials. But they will have to swallow their objections if they want to bring bulky deals in September.
  • When stress levels at work peak, it’s every banker's dream to quit working and travel around the globe. And last week, I was invited to the farewell drinks of a senior banker friend who had decided to do exactly that.
  • Singapore’s equity market appears jinxed this year following the failure of Jiangxi Jiangling Chassis’ S$49m ($34.8m) IPO, which would have been the first transaction to adopt the direct listing framework (DLF) with China. With the trade now in tatters, observers reckon it is time for the Lion City to rethink its IPO strategy, writes Rev Hui.
  • Commonwealth Bank of Australia (CBA) is back in the RMBS market with an A$1bn ($718m) transaction that is due to price on Friday.
  • Under pressure from a volatile market, India’s Prabhat Dairy has cut the size of its IPO and extended bookbuilding until the end of the week in a bid to keep the deal afloat. While Prabhat had to pay the price, bankers in the country say their faith in the pipeline has not been shaken, writes John Loh.
  • The Securities and Exchange Board of India (Sebi) is planning to streamline the country’s debt capital markets by making details of onshore bond transactions available online. The move has been largely welcomed as it will inject some much-needed transparency into India’s markets while hopefully wooing more foreign investors, writes Narae Kim.
  • Predictions for European high yield bond issuance in September range from the optimistic to those who say the cupboard is bare. But do not underestimate the market's resilience — for the right deal, investors could come out in droves.