A London-listed, Finland-based mining company, Talvivaara, needed additional funds to expand the size and scope of its operations. After considering all the options, a speedy convertible bond issue was seen as the way to do it.
Western Europe
Latest articles from Western Europe
Akbank's solid foundations
February 11, 2011Akbank chairwoman Suzan Sabanci Dinçer discusses Akbank's plans to consolidate a strong position in its home market while exploiting its relationship with Citi to push forward overseas expansion
Ireland’s Nama makes careful progress
December 23, 2010Brendan Mcdonagh, who heads the agency set up to help recapitalise Ireland's troubled banks, admits its task is not easy, but says it is making progress.
German banks feeling the strain
December 23, 2010Rescue packages and a rebounding economy have stabilised the German banking system. But it remains vulnerable to weak profitability, low-quality capital and exposure to cyclical industries abroad. Moreover, some believe that even the crisis has failed to force structural change. Writer Geraldine Lambe
George Osborne looks for global answer to global imbalances
December 23, 2010George Osborne, the UK's chancellor of the exchequer, urges all countries to play their part in redressing the global imbalances that allowed the credit crisis to happen. Interview by Courtney Fingar.
Acquisition drives regional ambition
December 23, 2010BBVA's acquisition of almost 25% of Garanti Bankasi will give the Turkish bank a huge boost in its efforts to become a major player in eastern Europe, the Middle East and north Africa, according to Garanti's chairman. Writer Metin Demirsar
Turkey grapples with project finance demands
December 23, 2010Turkey is facing the task of doubling its installed power-generating capacity in the next decade, while also speeding up reforms in the energy sector to ensure planned projects can gain access to finance. Writer David O'Byrne
UniCredit's new leader still has some old problems
December 23, 2010Federico Ghizzoni, UniCredit's new CEO, appears to strike the right personal balance between the group's Italian origins and its pan-European reach. But some of the dilemmas that dragged down his predecessor, Alessandro Profumo, need resolving. Writer Philip Alexander
José María Roldán says don't forget Basel II
December 8, 2010The leading member of the Basel Committee on Banking Supervision explains some of the key concepts of Basel III, and how it relates to Basel I and II. Writer Michael Imeson
Iceland's President says the country's new banks performing well
December 8, 2010Iceland has come through a disastrous banking crisis and its president maintains that the country's new institutions are serving the economy well, despite the ban on them making overseas investments. Writer Spencer Anderson