Even with good ratings and a global brand, US tobacco company Philip Morris was taking a risk issuing in the unpredictable Euromarket. It paid off, however, when the company recorded the lowest coupon for a corporate deal.
Americas
Latest articles from Americas
Can US equity On-Ramp get investors on board?
July 2, 2012The US JOBS Act is intended to boost access to public equity markets for emerging growth companies. But it has yet to win the trust of investors.
Will the renminbi fill the euro gap?
July 2, 2012With the future of the euro being called into question and many developed economies struggling to grow, transaction banks are looking to take advantage of the opportunities arising from the internationalisation of the renminbi.
Peru's growth spurt attracts international attention
July 2, 2012The sustained growth over the past few years of Peru's economy and banking sector has caused international investors to sit up and take notice. However, with this growth coming at a faster pace than the country's capital markets can absorb, many of its businesses are having to expand into the rest of Latin America in order to maximise their gains.
Putting Greece back on track
July 2, 2012Four fundamental flaws have compromised Greek policy efforts and need to be reconsidered for the country to emerge from the financial crisis.
Collateral becomes a competitive edge
July 2, 2012Derivatives collateral management used to be a purely operational matter, but post-crisis regulation and sovereign downgrades have made it into a strategic priority for every bank.
Colombian banks rise in Latam rankings
July 2, 2012Brazilian banks still dominate the top four positions in The Banker's Latin American ranking, but Colombia's lenders have made significant headway, with three of the country's banks moving up the top 20 Latin America ranking, including Banco de Bogotá, which climbed five places to fifth.
US banks continue to dominate North American ranking
July 2, 2012While the charge of the Chinese banks grabs the headlines, the big names from the US still lead The Banker's Top 1000 ranking as well as dominating the North American list.
Top 1000 World Banks 2012
July 2, 2012While European banks count the cost of the eurozone sovereign debt crisis, China is leading the emerging markets into a new era of banking dominance. But the established markets of the US and Japan should not be forgotten.
Trading incomes drop heavily at world’s biggest banks
July 1, 2012Many of the world's largest banks have seen their trading income fall in 2011, with only two – Morgan Stanley and JPMorgan – avoiding this fate.