Tuesday View - Issue 1110, 26 June 2009

SYNDICATED LOANS

• Loan market’s top players fight on

  The half year figures are rolling in, and, unsurprisingly, loans desks have had a dismal start to 2009. But reading between the lines, it transpires that this market is not, as so many had feared, dead — and nor can some of the biggest players in it, like Royal Bank of Scotland, be written off completely.  read more »

LIABILITY MANAGEMENT

• Opportunists knocking

  Opportunistic bids and unsuccessful offers threaten to become as much of a trend in subordinated liability management exercises as the triumphant raising of core tier one capital. But that’s no bad thing — any choice for investors is better than no choice at all.  read more »

ASIA PACIFIC SYNDICATED LOANS

• A real incentive

  Higher fees in return for lower margins. That simple but revolutionary formula has put the Asian loans market in a spin but is to the long-run benefit of banks as well as borrowers.  read more »