Latest articles from Joanne Hart

Iron ore

Iron ore risk leaves steel industry looking to the futures

June 1, 2011

The past couple of years have seen the pricing mechanism for iron ore changed for the first time in decades, and new contracts – such as iron ore futures – launched. It is now possible to assess the effectiveness of these changes.

Credit Suisse defied CoCo critics with $2bn issue

May 4, 2011

Contingent capital is still the subject of furious debate. Some have called it a dangerous instrument, while others say it may not do what regulators want. Some argue that it will be difficult to create a market big enough to absorb the needs of the banking sector if it becomes a compulsory part of the capital structure. But none of this stopped Credit Suisse's $2bn issue from being a storming success. 

Bank of Moscow

Bank of Moscow debut succeeds in difficult environment

March 18, 2011

Bank of Moscow's debut Eurobond could hardly have been launched at a more difficult time. The political intrigue surrounding the mayor of Moscow was compounded by a potential change of ownership at the bank and a downgrading by Moody's.

Saila Miettinen-Lähde, Talvivaara’s chief financial officer

Convertible bond fuels Talvivaara expansion

February 14, 2011

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. 

Simon McGeary, head of new products at Citi

Will investors acquire a taste for Cocos?

January 31, 2011

The CoCo is a new financial instrument enabling banks to raise capital – and convert it into equity during future crises. Joanne Hart finds out its potential to be one of the most significant financial products, however, relies upon the right support and investor appetite.

Gerassimos Thomas

The EU's first EFSM deal achieves record oversubscription

January 28, 2011

The European Commission issued its first European Financial Stabilisation Mechanism deal on January 5, achieving a record oversubscription for a supranational issue.

Xhentil Demiraj, debt director, Albanian Ministry of Finance

Albania times Eurobond debut to perfection

December 23, 2010

Despite its close proximity to crisis-hit Greece, Albania made its first foray into the Eurobond market last year. After agonising over when to issue the deal in such a volatile market, it would seem that the timing of the launch was just right. Writer Joanne Hart

Eastern promise

As commodities demand moves to Asia, will banks follow?

December 13, 2010

The statistics are clear: commodity demand is moving east, and fast. For the moment, the bulk of trading and price-setting is done out of New York and London, but will banks, exchanges and physical trading houses move east as well? Joanne Hart reports

Prime mover: Investec's use of the securitisation mortgage market has led to an appetite for a return in 2011

Investec takes first-mover advantage

December 8, 2010

Investec's brave move to launch a sterling bond transaction backed by subprime mortgages, a market that had been closed since 2007, appears to have paid off. Writer Joanne Hart

Temporary blip or long-term shift?

December 8, 2010

The third quarter of 2010 was a dismal time for banks' trading businesses. Virtually all of them saw precipitous falls from the third quarter of 2009. While most believed this year would not be as good as the last, does this slump suggest a more long-term decline for one of investment banks' stellar business lines? Writer Joanne Hart

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