Latest articles from Capital Mkts

Investors stay in the ECM hunt

September 2, 2013

High valuations and the US Federal Reserve’s plan to taper quantitative easing have dimmed investors’ appetite for emerging markets, but they are still seeking out value in developed market equity stories.

Convertibles shine as stars align

Convertibles shine as stars align

September 2, 2013

The convertibles market has experienced something of a resurgence in 2013, thanks to high stock prices and tight spreads, and this increase in issuance has brought diversity to the market.

EIBs green bond takes root

EIB's green bond takes root

September 2, 2013

In July, the European Investment Bank looked to address the demand for socially responsible investments by launching the largest ever euro-denominated green bond using the bank's mini-benchmark programme, ECoop. Its green thinking proved to be clever thinking, when the initial deal size had to be increased to satisfy demand.

Barclays finds the right FIG blend

Barclays finds the right FIG blend

September 2, 2013

The creation of a single financial institutions group at Barclays in February 2013 formalised increasingly close co-operation between coverage investment bankers and capital markets practitioners. The co-head of its FIG EMEA capital markets unit tells Philip Alexander how this has been working.

African companies look abroad to list

Africa’s companies turn to foreign exchanges

September 2, 2013

In the past three years, international equity issuance from African companies has outpaced listings on the continent. This trend looks set to continue for the time being, thanks to the small size of most African exchanges and global investors’ increasing appetite for exposure to the continent.

RBS switches on to hybrid bond market

RBS switches on to hybrid bond market

September 2, 2013

In the past 18 months, RBS has been building out its hybrid issuance capacity, making new hires and reaching out to the largest investors. Its efforts started to pay off in 2013, when the bank notched up a number of mandates in the first six months of the year.

The end of the emerging markets bull run

The end of the emerging markets bull run?

September 2, 2013

Emerging market bond investors, having enjoyed good returns for several years, were jolted in May when the chairman of the US Federal Reserve hinted that the days of quantitative easing were numbered, sparking a mass sell-off of their assets. Was it a temporary blip, or is the emerging market party finally over?

Don't bet against emerging markets

August 22, 2013

Emerging markets – once the darlings of international bond investors amid low yields and paltry growth in the developed world – now seem a lot less enticing. 

Nuno Alves

Utility energises Portuguese debt markets

July 1, 2013

Energias de Portugal reopened the Portuguese securitisation market in May 2013 with a deal that used a new type of underlying asset for the country and an independent investment bank as sole bookrunner. The company's chief financial officer explains how.

Leading the way: French insurance giant Axa is a pioneering force in direct lending by insurance companies

Making the link for non-bank lenders

July 1, 2013

Bank deleveraging in Europe creates an opportunity for institutional and private investors to enter direct lending to a range of sectors, and there are plenty of new approaches and structures emerging.

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