The successful execution of Greece’s 10 year bond last week, and more importantly its continued performance in secondary markets, provided the catalyst for an extraordinary week in the Eurobond market. read more »
The virtual standstill that had gripped the European corporate bond market over the past month gave way to a welter of issuance this week as deal-starved investors were at last provided with meaty supply from a diverse array of companies fresh out of blackout. read more »
An innovative Eu1bn tier one hybrid from France’s BPCE this week ended a three month drought in the European bank capital market. But while investors responded positively to the deal with Eu2.5bn of orders, only the boldest banks are likely to brave continuing uncertainty over regulation, according to hybrid specialists. read more »
Islamic Finance - find out what the experts have to say Visit www.euroweek.com/loans to view EuroWeek's video interviews on the latest developments in the Islamic finance world with key participants at the Euromoney Seminars Islamic Finance Summit.
The unravelling of Merrill Lynch’s FIG group by Bank of America, even if unintended, was almost complete this week, after the departure of two of its most important bankers in London. The bank wants to strengthen its DCM business in the corporate and government bond sectors but its dominance in FIG now looks fragile, writes David Rothnie. read more »
When it comes to theories, an older and wiser Gary Jenkins nowadays leans more towards the cock-up than the conspiracy. So are credit default swaps the root of all evil? There were defaults and volatility long before the CDS market. read more »
Table football at Inn Securities is the latest casualty of the new era of financial Puritanism. Since I arrived here, the clunking and rolling and gasping and panting which accompanied the intensely competitive sport have been a familiar sound in the office. read more »
One of the European bond market’s most popular and respected figures, Eirik Winter, is taking on a new challenge at Citi, leaving the debt capital markets to become head of global banking for the Nordic region. read more »
David Bassett, Royal Bank of Scotland’s global head of syndicate, started a sabbatical at the beginning of the week leading to an interim structure being established for the bank’s syndicate and frequent borrower businesses. read more »
Rabobank is set to move the bank capital market forward by pricing a 10 year senior unsecured contingent capital issue today (Friday). read more »
With equity benchmarks close to an 18 month high after fears of a sovereign debt crisis dissipated, high profile IPO candidates are reconsidering floats. read more »
Corporate borrowers are becoming increasingly confident in the capacity of the European investment grade loan market, leading to a spate of jumbo refinancings. Anheuser-Busch InBev, Gas Natural and Philip Morris have all launched deals in the market this week as margins continue to shrink. read more »
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