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As the EBRD launches a new Taskforce and securitization grows, specialists say development banks should reveal more about their assets
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US administration has cut funding for IFAD and said nothing about EBRD
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If issuers succeed in pushing down the fees they pay banks for syndicating transactions, they could face a more volatile market and reduced competition among banks for their business, according to SSA market participants.
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Bart Van Dooren, head of funding and investor relations at Bank Nederlandse Gemeenten, will be retiring in January.
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BCS Global Markets, the investment services division of Russia’s largest independent broker, has hired a new treasurer.
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The debate over SSA underwriting fees, ignited by the EU’s decision to publish a lower fee schedule, is raging on with bankers and issuers saying it is pushing other topics aside.
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Debt capital markets bankers are concerned that the EU’s decision to pay less in bond syndication fees could well force other issuers to do the same simply because no one will want to be paying more than anyone else.
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The European Commission has fined three banks for breaching European Union competition rules in trading SSA dollar bonds in the secondary market, it said on Wednesday.