Pre-migration untagged articles

For the first time ever, the notional principal outstanding in the CDS market decreased in the first six months of the year, according to the Isda mid-year 2008 survey released this week.

Kohlberg Kravis Roberts, the private equity firm, has disclosed investment losses of $1.17bn and an economic net loss for its private equity arm of $11.96m for the first half of 2008. Its income for the two business lines in the first half of 2007 was $3.37bn and $646m respectively.

Fresh concerns about the stability of the Kazakh banking system emerged this week after the government unveiled a $6bn package to buy distressed loans from the country’s banks.

Investor sentiment towards commercial paper improved this week, but flow volumes are still only around half what they were this time last year, said CP dealers in London.

Dealers of private EMTNs: Non-syndicated deals for less than $250m excluding financial repackaged SPVs, self-led deals and issues with a term of less than 365 days.

MBIA has said it would be able to meet all collateral posting requirements from its $11.2bn GIC portfolio in the event of a downgrade.

"Things will never be the same." This was the consensus among speakers on the "Liquidity: issuers’, investors’ and dealers’ perspective" panel at the Euromoney/ECBC Covered Bond Congress in Paris yesterday. But views on the strategies to deal with the disappearance of liquidity varied.

Sovereign, supranational and agency issues dominated the MTN market this week as cautious investors shied away from pure credits in the aftermath of the Lehman Brothers collapse.

Following the most turbulent week the Russian financial market have seen since the rouble crisis of the late 1990s, Renaissance Capital, the country’s most prominent brokerage, this week sold one-half of its capital to investment fund Onexim Group.