Pre-migration untagged articles

Thank you to the kind EuroWeek readers who called to say that we set the stage almost perfectly for the great Gunfight at the OK Corral shoot-out in Munich between Allianz, Dresdner Bank and Dresdner Kleinwort Wasserstein.

It was 10 years ago this week that Mexico made a stunning return to the bond market after being off-limits to investors for most of the year since the disastrous devaluation of its peso in December 1994. Then rated Ba2/BB (now Baa1/BBB), the United Mexican States raised $2bn in a day with a two-pronged transaction.

DZ Bank has established what it says is an innovative Eu1bn programme to issue perpetual limited recourse tier one capital securities into the tailor-made private placement market. "Previously, all transactions had to be issued on a standalone basis," said Hartmut Schultz, vice president of funding at DZ Bank. "You had to set up a new special purpose vehicle and prepare new documentation for every structure."

The European Central Bank raised interest rates yesterday (Thursday) by 25bp, its first rise since October 2000.

The European Central Bank raised interest rates yesterday (Thursday) by 25bp, its first rise since October 2000.

The EuroCP market was overshadowed this week by the European Central Bank's 25bp rate rise yesterday (Thursday) — its first move for over two years. Even though the rise came as no surprise, the market rallied briefly on the announcement that a series of future hikes were not necessarily planned.

BNP Paribas ended Barclays Capital's long stay in third position in league table one this week. The French bank led 12 deals worth around $1.4bn over the week. One of its deals was a R115m 7.44% seven year issue for Kommunalbanken, while another was a Eu100m 10 year equity index-linked note for Rabobank.

Three corporate takeovers set the capital markets alight this week, setting off an array of deals and lending credibility to talk of a revival in mergers and acquisitions.

Three corporate takeovers set the capital markets alight this week, setting off an array of deals and lending credibility to talk of a revival in mergers and acquisitions.