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As funds swell, pressure to deploy rises and managers can stray from their expertise
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
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JP Morgan’s head of syndicated and leveraged finance Australia has left the bank, with the head of European loan trading having resigned also, sources with knowledge of the matter have confirmed.
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A managing director of loans execution will leave Barclays in London at the end of May.
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This is a truncated week, with a UK holiday on Monday and France and Germany out on Thursday, but companies have crammed Europe’s investment grade bond market with deals in the two days in between.
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Indian companies are showing interest in issuing offshore rupee-denominated, or Masala, bonds but a leading financier warns that the market will not heat up until the central bank allows private banks to fund deals.
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China’s fast-growing bond market could provider a major new source of corporate financing at a time when the banking sector is under strain, but some analysts are becoming concerned about the risk of a bubble building up.
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Chemicals producer Inovyn on Tuesday began the roadshow for a €300m secured bond that will replace a portion of term loan ‘B’ funding being issued to support its full takeover by Ineos.
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