Issues
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Proposed instrument draws comparisons with unused and controversial OMT programme
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A non-call event could ‘severely’ reprice mezzanine bonds
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Treasury yields tumble on Thursday as recession fears grow
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Ocado has shown that primary tech deals are still possible even in a bear market
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Universal Music the favoured name, Manpower and JAB find going tougher
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Senior FIG market is open to smaller banks only if they are willing to pay high new issue concessions
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After a sharp slump in corporate finance revenues, investment banks are facing an uncertain second half of the year. If previous downturns are a guide, job cuts will be inevitable before a new market reality emerges to trigger the next wave of capital markets and M&A activity. By David Rothnie
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Issuers are expected to squeeze deals in on Friday and Monday
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Monthly local government bond volume is on track to hit a historic high in June
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The UAE's IPO market continues to thrive in tough times elsewhere
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Market-driven premiums offered by the borrowers appeal to investors