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The era of pure-play private equity is over. Banks are pulling different divisions together to serve the complex needs of global asset managers
Specialist moves after 18 years in the market
New dangers are making deals harder to do, but pricing for the haves is still tight
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The ousting of Sajid Javid as the UK's chancellor of the exchequer has been interpreted in financial markets as a power grab by prime minister Boris Johnson. Javid's removal is likely to strengthen the government’s bias towards populist economics, “rewriting the Treasury’s fiscal rules”, according to one investor.
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Credit Suisse has reported a strong end to last year for fixed income sales and trading, in chief executive Tidjane Thiam’s last week in the job.
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India Infoline Finance, a non-banking financial company (NBFC), made its debut in the international debt market on Wednesday, raising $400m from a bond that paid a negative new issue premium.
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Indian telecommunications company Bharti Airtel returned to the debt market on Wednesday to tap its $750m 5.65% perpetual notes, after successful deals in the equity market this year gave its bonds a boost.
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Trans Retail Indonesia, also known as Carrefour Indonesia, has returned to the loan market for a $740m-equivalent dual-currency deal. It features an unusual fee structure that has left many bankers scratching their heads, writes Pan Yue.
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Investec has furthered its push in corporate finance with five new hires. It continues to win new UK broking mandates.
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