Latest articles from Joanne Hart

When it comes to SME funding, one European banker says ‘governments could set up a vehicle similar to Fannie Mae or Freddie Mac, where banks contributed SME loans’

No quick fix to European SME financing conundrum

November 1, 2013

Politicians worrying about the supply of credit to small and medium-sized businesses see capital markets as a possible solution, but the lack of standardised loans in the sector is making securitisation difficult.

SocGen maps new capital landscape

Société Générale maps new capital landscape

October 1, 2013

France's Société Générale has responded to the long-awaited finalisation of European capital regulations with a new contingent convertible structure that could set a marker for 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.

Andrew May, director of estates and hospitality at the University of Hertfordshire

University accommodation bond provides lesson in finance

August 1, 2013

The University of Hertfordshire needed to develop student accommodation without overburdening its own balance sheet. A project bond deal proved to be the answer.

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.

Albaraka steps into Turkish sukuk market

Albaraka steps into Turkish sukuk market

June 3, 2013

Turkey is a relatively new market for sukuk issuance compared with Malaysia and the Middle East, but its Islamic banks are now at the forefront of subordinated sukuk structures, led by Albaraka Turk and its innovative murabaha issue.

Hybrid debut powers National Grid investment plans

Hybrid debut powers National Grid investment plans

May 1, 2013

UK utilities operator National Grid made a highly successful debut in the hybrid market to finance large investment needs without jeopardising its credit ratings.

Panos Kaliabetsos, OTE Group treasury

OTE corporate bond offers hope for Greece

April 2, 2013

At the beginning of 2013, Greek telecoms group OTE launched a €700m bond issue. The largest corporate debt transaction from a Greek borrower since the sovereign debt crisis erupted in 2010, the deal’s success offered stark proof of changing sentiment towards peripheral Europe.

Auckland bond finds warm Swiss welcome

Auckland bond finds warm Swiss welcome

March 1, 2013

Switzerland might not seem a natural market for a New Zealand municipal bond, but Auckland Council found the Swiss franc market a good fit for its needs.

Rising risk appetite floats peripheral boats

Securitisation seeks redemption in Europe

March 1, 2013

A few short years ago, securitisation was blamed for triggering the financial crisis and was seen as the root of all evil. However, there are now signs of change, with issuers slowly beginning to reconsider the market as investor appetite returns.

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