Latest articles from Edward Russell-Walling

ETF development is fired up by commodities interest

October 2, 2006

The number of exchange-traded vehicles is growing and more asset managers are entering the market. Growth has been extraordinary and more innovations can be expected in the future, reports Edward Russell-Walling.

Landsbanki’s dandy Yankees

October 2, 2006

When Landsbanki was criticised for its short-term financing risk, it decided to win back its reputation with two bond issues in the US. Edward Russell-Walling reports on an Icelandic success story.

JPMorgan reaps rewards of its success in Germany

October 2, 2006

JPMorgan recently followed up an IPO deal for German retailer Metro’s divestment of its DIY business, Praktiker, with an advisory role in the latter’s acquisition of a privately owned competitor. The team tell Edward Russell-Walling about their successive mandates.

Rusal stays with debt issue

August 7, 2006

Although there is talk of Rusal floating, its finance chief Vladislav Soloviev tells Edward Russell-Walling the aluminium giant does not need to tap the capital markets just yet.

Lehman’s winning formula secures chemicals takeover

August 7, 2006

Lehman Brothers’ homework enabled German chemicals giant BASF to walk off with US catalyst maker Engelhard for a mere 5% above its initial unsolicited offer. Edward Russell-Walling reports.

Finland keeps it simple

July 3, 2006

Edward Russell-Walling talks to Finland’s finance director Satu Huber about the rationale behind the country’s successful 5/11 strategy for issuing sovereign paper.

A new twist to debt exchange

June 5, 2006

In its latest debt exchange offer, Stora Enso managed to reduce its reporting burden. Edward Russell-Walling reports.

BNPP pulls off last-minute switch

May 2, 2006

To finance its acquisition of Banca Nazionale del Lavoro, BNP Paribas raised two tranches of Tier 1 capital, switching one from the dollar market to sterling in a wise move. By Edward Russell-Walling.
For those who doubted that European cross-border bank consolidation could happen any time soon, BNP Paribas is the latest to test their non-belief.

A new standard for eastern Europe

May 2, 2006

By using a convertible hybrid structure the Morgan Stanley team were able to solve the privatisation predicament of Hungarian hydrocarbons company MOL. Edward Russell-Walling finds out how they did it.

ING’s two-part success story

April 3, 2006

ING’s recent sterling hybrid got a good reception because it satisfied investor appetite for both insurance and banking. ING’s Maarten van Eden tells Edward Russell-Walling that all the market needed was a little persuasion.

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