We are pleased to announce the categories for GlobalCapital’s 2015 Bond Dinner. Here you will find the link to this year's poll, as well as PDF and Excel copies of the rules and categories.
The US Federal Reserve this week said it may raise its benchmark rate for the first time in nearly seven years — holders of dollar callable medium term notes may rue the day they took on the paper. But issuers should still look after them.
Demand for callable MTNs from sovereign, supranational and agency issuers has skyrocketed in 2015 but, when short term rates start rising in the US, investors could be left holding expensive paper. While many issuers will come to the rescue and buy back on demand, some buyers will have to live with their investment.
France’s plans to reshape its administrative map, cutting the number of regions almost in half, will improve and increase regions’ access to the capital markets, according to Moody’s.
Companies may obtain fresh funding opportunities in euro commercial paper, as European money market funds move away from bank issuers, which are posting tighter and tighter levels and cutting issuance.
Floating rate private placements in dollars have been catching on ahead of expected rates rises from the US Federal Reserve in the coming years, but bankers are divided on whether the trend will leach into an increase in benchmark issuance in the format in 2015.
Short term debt opportunities are opening for public sector borrowers as European money market funds move to the asset class at the expense of banks, which are posting tighter and tighter levels and cutting supply in euro commercial paper.