Issues

Companies will look at convertibles again as higher borrowing costs put pressure on balance sheets and the equity market stabilises. Aidan Gregory reports.

A strong post-pandemic recovery in 2021 meant that predictions for the equity IPO market in 2022 were hopeful. But the Ukraine war, inflation and economic downturn blew away all that optimism. Victoria Thiele reports on how the IPO market has responded and what to expect next. Accompanying data is from a survey of equity market participants undertaken in October and early November.

While market buoyancy may seem like a boom, sources say increased activity is here to stay as the oil rich economies of Saudi Arabia and United Arab Emirates continue to build out their economies and attract foreign capital. John Crabb and Aidan Gregory report on what to expect in the months and years ahead.

The restaurant operator's stock price rose on the first day of trading in Saudi Arabia and Abu Dhabi

Ahmed Kouchouk, Egypt's deputy finance minister, talks up the country's soon-to-be-signed off IMF loan while outlining a novel Panda bond structure and the need to be constantly sourcing new pockets of investor liquidity

— Will the easing of China's Covid rules help or harm emerging market issuers? — How public sector issuers compete with a jumbo, and growing, borrower like the EU — Private credit’s late bloom

Goldman is the fastest growing blue chip corporate broking business of the last two years, but other firms are also making moves

Spreads expected to tighten but a deep recession could upend analysts’ models

Issuance set to beat even high predictions, but bond market is recovering

Swiss bank's decision to call the deeply subordinated debt has increased the pressure on other big European lenders to follow

Smaller banks shouldn’t be afraid of extending AT1s past the first call date if the refinancing costs don’t make sense

US firm has pivoted to bigger deals and new origination structure