Issuing in Greece in the current climate is a brave move, but that did not stop telecoms company OTE entering the market earlier this year, thus posing quite a challenge for joint lead manager BNP Paribas.
Latest articles from Edward Russell-Walling
Turkish success for BAML's compressed bookbuild
June 1, 2011Bank of America Merrill Lynch's European ECM team has had a strong start to 2011, built chiefly around its successful 'compressed bookbuild to refloat an asset' – or Cobra – for BC Partners' Turkish retail business.
Afren’s high yield bond attracts energy and emerging market investors
May 4, 2011Afren's high-yield bond issue earlier this year attracted interest from emerging market investors as well as specialist energy players, two investor groups who rarely overlap in the bond markets.
E.ON sets new precedent for German buybacks
March 17, 2011E.ON's recent liability management exercise shows that German companies can indeed successfully tender for outstanding debt, and may encourage others to follow.
European stability issues grab market's attention
February 14, 2011With all eyes on the eurozone sovereign debt crisis, the success of two consecutive offerings would be critical in underpinning the European response. The market's reaction to the issues from the European Financial Stability Mechanism and European Financial Stability Facility was conclusive.
Wataniya Mobile's IPO shows Palestine's promise
January 28, 2011The global interest in HSBC's recent IPO for Palestinian telecoms company Wataniya Mobile was not only a big success for the young telco, but also for Palestine in general, as it showed that the territory is a safe and potentially lucrative destination for capital markets.
Making full use of a renewed investor interest in African markets
January 6, 2011New-found political stability is setting the stage for global investor interest in many African countries, and Standard Bank's debt capital markets team is leading the way. Writer Edward Russell-Walling
Faith rewarded
December 8, 2010Allen & Overy kept its confidence in the securitisation market, and an expanded team has been repaid with the role of advising Nationwide on the first UK building society securitisation to be sold into the US. Writer Edward Russell-Walling
Turning Almatis around
December 8, 2010After being decimated in the recession, speciality alumina producer Almatis has successfully restructured its debt thanks to the work of Versatus Advisers.
Opening up Renminbi possibilities
August 30, 2010The Linklaters-advised Hopewell Highway Infrastructure Eurobond has broken open the market for Chinese corporates issuing in renminbi outside China, paving the way for a full interbank market in renminbi in Hong Kong.