UK
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Former Goldman Sachs partner Tim Flynn co-founded credit fund manager Hayfin in 2009, with the global financial crisis of 2007-08 already in the rear view mirror. Having steered his firm through the European alternative credit market's first major test, he talked to GlobalCapital about how funds are managing their way through the Covid-19 crisis and whether their performance will attract more investors into the asset class. -
A host of initial public offerings were launched on Monday as banks try to squeeze out a few more deals before the market begins to break for the summer. A fatigued investor base, though, remains highly selective and sources say only the highest quality offerings are likely to succeed.
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Deutsche Bank’s recently announced policy on returning to the New York office in September fits what many bankers have been expecting for months and heralds a return to normality. But for a small subset of bankers who left offices in London for lockdown in March 2020, the end of restrictions will also mean a change of circumstances — and getting used to living in a new country.
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Corporate broking relationships are undergoing their biggest shake-up in a decade as companies reassess banking relationships following the Covid-19 pandemic.
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Commodities brokerage Marex Group has opened the books on its £100m plus IPO on the London Stock Exchange.
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The UK will issue its first green Gilt via syndication in September, with consultations to be held during the summer to determine the market’s preferred maturity for the bond.
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Close Brothers Group has launched a process to buy back its only tier two bond, as it looks to replace the deal eight months before its first call date.
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Tottenham Hotspur FC has raised a further £250m of US private placements, to pay off Bank of England loans signed during the coronavirus pandemic.
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It was a big week for environmental, social and governance in the capital markets — aren't they all? But in the most recent developments, it is possible to detect a rise in the spiciness of the debate over what should and should not be acceptable.
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Banks bombarded the dollar market this week, with a deluge of supply from rare Yankee issuers and US heavyweights across the capital structure.
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Three unprecedented events this week — a landmark court ruling against Shell and shareholder revolts at Chevron and ExxonMobil — signalled that investors and society at large have rejected the oil industry’s early attempts at joining the low carbon transition and are looking for much more radical action. Oil majors retain good access to capital markets, but the clock is ticking. Jon Hay reports.
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