There may be only a month to go before a second Greek default and possible exit from the euro. There may even be less time, if the bleeding of deposits from Greek banks becomes life-threatening, and central banks or the Eurozone rescue mechanisms do not stanch the flow. read more »
EuroWeek celebrated 25 years of bond market coverage on Tuesday May 15 with a gala dinner to honour the most impressive banks, bankers, borrowers and funding officials in the market today. In the EuroWeek tradition, we asked market participants to vote for the award winners and below is the full list of the award winners and runners-up. Many thanks to all who joined us at Guildhall for making the night such a special one, to all who voted in the Awards polls and helped with the process, and many congratulations to all our winners. For more information on the award methodology, contact Katie Llanos-Small, fixed income editor: kllanos-small@euroweek.com. read more »
To mark EuroWeek’s 25th anniversary at this year’s Bond Market Dinner, special awards were given out to the 25 most influential people working in the capital markets today. read more »
Investors and bankers are demanding decisive action from policymakers to halt the meltdown of Spain’s intertwined banking sector and sovereign with a vast cash injection. read more »
The Islamic bond market this week gave the clearest demonstration yet of its insulation from global turmoil, with Banque Saudi Fransi receiving an order book of over $4bn for its aggressively priced debut benchmark sukuk. read more »
Finland’s OP Mortgage Bank shrugged off an appalling market backdrop and ended a two week covered bond drought with a stellar benchmark trade on Wednesday. read more »
Coupons above 10% are becoming more common on high yield bond issues, suggesting that the market for weaker borrowers has shifted to a new pricing level, at which servicing the debt may be less sustainable. read more »
NEW ON EUROWEEK.COM: Emerging Markets financing daily and an interactive Bank Finance 'priced deals' database
EuroWeek has launched its new daily coverage on emerging market financing - bonds, loans and equities. It includes deals, secondary market trends, people moves and the latest emerging market league tables by Dealogic. The Bank Finance team also presents you with the new 'Priced Deals' interactive database, allowing you to search and track FIG deals by issuer, size or maturity etc. in a matter of seconds.
With all banks taking a fresh look at headcount in their advisory businesses and dealflow patchy at best, the industry is losing expertise as more senior bankers opt to join the corporate sector, writes David Rothnie. read more »
Happy Birthday to Mark Zuckerberg, who was just twenty-eight years old on Monday. Luckily, he managed to coincide the anniversary with the final stages of the Facebook flotation, so that every year he will easily be able to remember when it was exactly that he crystallised his billions. read more »
BNP Paribas has promoted Christopher Marks to global head of debt capital markets, a position that has not existed at the bank for some years. read more »
There is clear evidence that private sector Eurozone banks are cutting lending to central and eastern European as they embark on deleveraging to heal their balance sheets, a central bank governor warned on Thursday. read more »
Crédit Agricole’s MTN head, Ben Lamberg, is set to move to Hong Kong to head the bank’s debt business for Asia including Japan, EuroWeek understands. The job is a new one that has been created as part of a strengthening of the bank’s Asia franchise. read more »
UBS has appointed Rob Jolliffe to head its emerging markets effort, with a focus on improving the linkage between the firm’s EM capabilities in investment banking, capital markets, FICC and equities. read more »
Investors in commercial paper have steadily been reducing the tenors of their bank exposure or cutting their buying of bank paper altogether in the uncertainty over the Moody’s bank ratings. read more »
One of the largest deals of the year supporting gas transporting firm Snam’s demerger from ENI has proved that there is still plenty of appetite for transactions coming out of Italy despite worries about the stability of southern European sovereigns rumbling on. read more »
see more cartoons »
click to enlarge
Update your account information to receive the latest News Alerts
How to read EuroWeek with your PDA wherever you are.
Your team can get access to EuroWeek – find out how.
What's the gossip?
Japan in the Capital Markets
see all reports »