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'Hard to classify' Italian corporate trade being marketed to FIG and SSA accounts
BMW heiress Susanne Klatten exits turbine maker
Development bank's credit ratings suffered a blow after Russia's invasion of Ukraine
Another defaulter, Argentina, likely to tap market this year
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One of the remotest parts of the world is home to a new piece of financial engineering. Tristan da Cunha, a volcanic island in the South Atlantic Ocean, is making use of a wind derivative instrument structured by Global Parametrics, an organisation seeking to improve the developing world’s resilience against extreme weather.
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Supply chain finance company Greensill has hired Peter Charles as vice-chairman of distribution and Dolph Habeck as managing director, head of distribution of the Americas, the company told GlobalCapital.
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European equity capital markets are gearing up for a wave of autumn IPOs and are worrying that they will struggle for investor attention. But one of the few good things to have emerged from the coronavirus pandemic — the use of technology to accelerate deal calendars — should alleviate fears of congestion.
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ONGC Videsh (OVL), the overseas arm of India’s state-owned Oil and Natural Gas Corp, has sent out a request for proposals for an up to $750m loan, just a few months after raising $1bn.
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Bankers in advisory, as well as the management at banks, are likely to receive lower bonuses this year, according to Johnson Associates, a compensation consultant for the financial sector. However, traders and bankers working in underwriting are in line to enjoy a boost.
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Barclays is building up sustainability coverage in its investment bank with new positions announced globally on Monday and effective immediately.