Negotiating through dangerous territory in the restructuring of Ukrainian sovereign debt, PJT Partners' EMEA restructuring team opted to utilise a value recovery instrument in a novel way, to the satisfaction of parties on either side of the deal.
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Having shed two of its assets – the exchanges of Budapest and Ljubljana – the CEE Stock Exchange Group, with owner Vienna Stock Exchange at the helm, is steering a new strategic course. Its aim, as Stefanie Linhardt reports, is to become a leading service provider for central and eastern Europe's exchanges.
Portugal's economy has endured a torrid few years and this has been reflected in its activity in the capital markets. However, the past 12 months have seen reasons for optimism, with the benchmark 10-year debt yield dropping significantly from an all-time high in 2012 and economists cautiously welcoming the new government's financial policies.
The CEO of the Luxembourg Stock Exchange, Richard Scharfe, tells Natasha Turak about the exchange's expertise in green bonds, why it is dominated by debt instruments, and what is behind its international popularity.
Ireland endured a torrid few years after its 2010 banking crisis, but with much painful restructuring completed the sovereign is active again in the markets and kicked off 2016 with the eurozone’s first syndicated transaction of the year.
US investment banks have emerged from the post-crisis era in much better shape than their European counterparts, a situation that, according to BAML's head of corporate and investment banking, Christian Meissner, is not about to change.
Economic difficulties and low commodity prices are forcing Latin America into a new age of pragmatism, as populist policies fall out of favour amid stagnant living standards, and worries emerge about the region's reliance on Chinese investment.
As borrowing in dollars becomes increasingly expensive, the appetite for bonds in indigenous denominations in Africa is strengthening across the sub-Saharan region. However, longer yield curves and cross-border issuance will be necessary for continuing growth.