Latest articles from Edward Russell-Walling

Selling junk to hit gold

May 7, 2007

When a merger fell through last autumn, mining company Freeport-McMoRan was undeterred. It has just bought a rival and issued the world’s biggest junk bond to pay for it. Edward Russell-Walling explains.

Merrill emerges triumphant

May 7, 2007

The debt specialists at Merrill Lynch have been busy blazing new trails in the emerging markets. Edward Russell-Walling reports.

Turbo-charged UBS

April 2, 2007

In an extraordinarily short time frame, while much of the market was on holiday, UBS’s hybrid team managed to administer issues from Nationwide, DnB NOR, Generali and HSH Nordbank. Edward Russell-Walling reports.

Turkey’s Calik full of energy

April 2, 2007

Turkey-based Calik Holding, keen to finance its overseas purchases in areas ranging from construction and telecoms to banking and energy, has burst on to the international stage with a $200m debt issue. Edward Russell-Walling reports.

African attractions grow

March 5, 2007

The viability of capital markets in African countries is looking more promising, underlined by a successful bond issue denominated in naira by the African Development Bank. Edward Russell-Walling reports.

Capital injection aids development

February 5, 2007

For the first International Finance Facility for Immunisation debt issue to succeed, lead managers Goldman Sachs and Deutsche Bank had to devise a way of frontloading development finance at an affordable cost. Edward Russell-Walling reports on a scheme designed to ensure reliable funding for vaccine projects.

Islamic business gathers speed

December 4, 2006

UBS’s Islamic finance team talk to Edward Russell-Walling about the new products they have been working on, including the world’s first sharia-compliant exchangeable sukuk for Khazanah Nasional and sharia-compliant and commodity-linked certificates.

MDM securitisation marks first of many

December 4, 2006

MDM’s auto loan securitisation issue, the largest ever out of Russia, was comfortably oversubscribed and more issues are in the offing, reinforcing the trend in the CIS region. Edward Russell-Walling reports.

Refinancing for the future

November 6, 2006

Acergy is in sparkling form. After rationalising its business, renaming itself and emerging from crisis it has been listed on Nasdaq. Edward Russell-Walling reports on how it is managing its debt with convertibles.

Well-oiled machine drives Kazakh deal

November 6, 2006

The sale of 40% of Kazakhstan state oil exploration and production company KazMunaiGas in a two-part offering was a roaring success, despite oil prices falling as the deal was going down. The Credit Suisse team responsible for “driving the execution” talk to Edward Russell-Walling.

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