Pre-migration untagged articles

The International Finance Facility for Immunisation, the $5.5bn development financing programme that will securitise aid pledges from donor countries over the next 20 years, will announce the lead managers of its debut bond issue next week.

We were asked in Switzerland why, when the hedge fund industry has made enormous amounts of money for some clients, and even more for the managers, it receives such a rotten press.

Braving the continuing volatility in the Icelandic króna, investors returned to buying bonds in the currency this week, attracted by the high coupon payments on offer.

The International Finance Facility for Immunisation, the $5.5bn development financing programme that will securitise aid pledges from donor countries over the next 20 years, will announce the lead managers of its debut bond issue next week.

The last jumbo covered bond before the summer break was something of a flashback to last year's issuance, as Düsseldorfer Hypothekenbank was oversubscribed on its Eu1.25bn 3-1/2 year deal in just 20 minutes on Monday.

Dresdner Bank's dual tranche Eu1bn non innovative non-step tier one and Eu750m upper tier two self-led euro transactions were the talk of the European subordinated debt market this week.

The rise of central and east European currencies has been a headline trend in the Euro MTN market over the past 18 months, as investors have warmed to the higher yields on offer. Brendan Freeman speaks to some regular issuers to find out what has been fuelling this movement, and how they expect the market to develop. The currencies of central and eastern Europe have suddenly become hot property for investors in the Euro MTN market.

Jean-Claude Trichet, president of the European Central Bank, has delivered a ringing endorsement of the Financial Markets Association and the Fédération Bancaire de l'Union Européenne's short-term European paper (Step) initiative.

Eurotunnel, operator of the Channel Tunnel, has sought pre-insolvency protection under French law, after failing to reach agreement with its junior bondholders on a debt restructuring by the company's self-imposed deadline of midnight on Wednesday.

Eurotunnel, operator of the Channel Tunnel, has sought pre-insolvency protection under French law, after failing to reach agreement with its junior bondholders on a debt restructuring by the company's self-imposed deadline of midnight on Wednesday.

Fitch plans to introduce a new concept into its rating methodology for covered bonds, to measure the cover pool's independence from a default of the issuing bank.