European banks have issued €30bn ($38.1bn) in bonds ... Last week the level of issuance accelerated, causing ... Frank Will, a senior strategist covering frequent borrowers ... “The past few days have seen an unseemly ... The UK was the first country to guarantee ... In Ireland banks also pay 50 basis points...
UK fitness chain Esporta is set to be ... Esporta was owned for five years by UK ... In May this year, a number of private ... However, an auction process was pulled by administrators ... SG will now do a debt-for-equity swap to...
When Barclays issued £1.25bn (€1.5bn) in mandatory convertible ... Although MCNs are not strictly comparable with convertible ... However, there is a question over the extent ... The 23% collapse in the UBS European Convertible ... After a brief fillip at the start of ... Similarly, equity investors can buy equity with downside...
All arbitrage traders hang their hat on the ... Hedge fund Long-Term Capital Management played on the ... Former Bankers Trust trader Andrew Krieger banked profits ... However, the rapid growth in credit default swaps ... Those strategies soon became the bread and butter ... Historically, the basis has generally stayed within a...
After more than a year of pain since ... Managers are pinning their hopes on calling the ... Aoiffin Devitt, founder of advisory firm Clontarf Capital, ... She said there were two schools of thought: ... Devitt said her firm recommended a blend of ... Jeffrey Kushner, chief executive of debt hedge fund...
The financial crisis, which is being felt in ... From peak to trough, global equities fell 54% ... From its peak at the end of October ... Marsh said: “You might well argue that the ... But the bear market of the Great Depression ... In dollar terms, the MSCI World index fell...
As a global bout of deleveraging forces private ... Mezzanine – the layer of debt that ranks ... Rating agency Fitch, which tracks large buyout mezzanine ... It said default rates could rise from current ... Investors will find it hard to recover their ... The agency concluded under such circumstances it was...
Dunedin, a mid-market UK buyout firm, has financed ... Dunedin recently deployed the "integrated finance" model - ... The growing pattern represents a vivid shift from...
The financial crisis, which is being felt in ... From peak to trough, global equities fell 54% ... From its peak at the end of October ... Marsh said: “You might well argue that the ... But the bear market of the Great Depression ... In dollar terms, the MSCI World index fell...
Few asset classes have survived this year unscathed. ... Institutional and retail investors rushed to pull money ... There will undoubtedly be more redemptions and exits ... Consultants have been calling for more simplicity in ... The pin-ups of the investment universe in early...
Few asset classes have survived this year unscathed. ... Institutional and retail investors rushed to pull money ... There will undoubtedly be more redemptions and exits ... Consultants have been calling for more simplicity in ... The pin-ups of the investment universe in early...
The former head of Lehman Brothers’ Indian business ... The latest slew of appointments marks a return ... Jotwani was today named head of global fixed ... He assumes the position from Nomura banker Zenji ... Nakamura becomes co-head of global fixed income, and ... Jotwani’s new role is thought to make him...
The former head of Lehman Brothers’ Indian business ... The latest slew of appointments marks a return ... Jotwani was today named head of global fixed ... He assumes the position from Nomura banker Zenji ... Nakamura becomes co-head of global fixed income, and ... Jotwani’s new role is thought to make him...
The amount of corporate debt issued next year ... Corporate debt issued in 2009 is estimated to ... Companies are expected to use their cash flow ... At the same time about €120bn of bonds ... The analysts wrote: “The negative net supply may ... The previous worst year for corporate bond issuance...
With hindsight, the decision of UK asset manager ... Taking account of cash on its balance sheet, ... In effect, the banks have given up rights ... In return, according to sources close to the ... The debt does not need to be paid ... New Star is fighting to save costs where ... A spokesman for New Star declined to comment....
The chairman of European debt capital markets at ... James Garvey was named chairman of European DCM ... François-Xavier de Mallman, known as FX to his ... Garvey has been central to building out Goldman ... After joining Goldman’s fixed-income division in 1999, Garvey...
It is the financial markets’ equivalent of being ... Last week, Las Vegas-based Harrah’s Entertainment, the distressed ... Similarly, Realogy, a real estate services company that ... Bondholders can choose not to accept the exchange ... Christopher Snow, an analyst at independent credit research...