Latest articles from Edward Russell Walling

SocGen moves fast to make most of DCM boom

SocGen's DCM team makes most of bank disintermediation trend

April 2, 2012

Thus far, 2012 has witnessed a marked trend of corporates eschewing bank lending and turning instead to the debt capital markets. By acting quickly, the DCM team at SGCIB has put itself at the forefront of many of these deals.

HSBC gets 2012 off to a flying start

HSBC's DCM team gets 2012 off to a flying start

March 1, 2012

After a desperate 2011, 2012 got off to a flying start in the sovereign, supranational and agency arena, with successful issues being placed left, right and centre, most notably in euros and sterling. All of this has meant a busy couple of months of HSBC's debt capital markets team.

BNP Paribas team (left to right): Arjan Verbeek,  Derry Hubbard and Heiko Langer

CBA makes it third time lucky for Australian covered bond issuance

February 1, 2012

Commonwealth Bank of Australia's €1.5bn five-year issue was the third and comfortably the most successful Australian transaction since the country passed supportive legislation for covered bonds in late 2011. Joint bookrunner on the deal, BNP Paribas, put its success down to timing and the choice of currency.

Barclays Capital team

ICBC bond issue helps BarCap strengthen its Asia ambitions

January 3, 2012

When China's biggest bank, ICBC, launched its first dollar bond issue, it offered investors a rare opportunity of direct exposure to the mainland banking system. There was no shortage of interest. Along with UBS and ICBC's own investment arm, Barclays Capital landed the role of global co-ordinator, helping BarCap cement its Asian standing.

riskregteaser

Creating a new risk culture

January 3, 2012

Few will deny that bank boards were as culpable as their senior management in failing to spot the dangerous levels of risk building within the banks in the lead-up to the financial crisis. There is clear recognition that things need to change. But changing risk structures, and more importantly, risk cultures, is easier said than done.

Goldman's team on the Con Hem deal

Goldman's variety pack helps Com Hem defy eurozone mayhem

December 1, 2011

Issuing in Europe in 2011 has been a hazardous task, but Com Hem's highly leveraged buyout bridge underwritten by joint mandated lead arranger Goldman Sachs managed to defy the odds, thanks in no small part to the diverse elements of the deal.

RBS taps into appetite for corporates

RBS taps into growing appetite for corporates

November 1, 2011

As investors flock to the perceived safer ground of corporates at the expense of sovereigns or financials, RBS has been busy successfully utilising the private placement markets in a $1bn deal for caterer Compass Group and the Swiss franc issuance market for utility provider GTS Suez. 

UBS team

UBS pulls off niobium deal for Chinese consortium

October 3, 2011

When Chinese investors sought to secure a supply of niobium metal, UBS had the unique challenge of coordinating five state-owned enterprises to a punishing timetable, all the while taking on board the differing needs of each enterprise. 

HSBC Saudi Arabia

HSBC and SABB pull off landmark sharia-compliant deal in Indonesia

September 1, 2011

It has taken nearly two years, but Indonesian mobile telecoms operator Axis has secured $1.2bn of sharia-compliant financing. For many of the players involved, it was their first dealing with sharia principles, presenting HSBC and its Saudi affiliate with a complex task.

Morgan Stanley's Glencore team

Morgan Stanley digs deep to pass Glencore challenge

August 1, 2011

The listing of Swiss commodity trading and mining group Glencore caused a few headaches for joint global coordinator Morgan Stanley. However, the impressive list of investors it helped secure shows that there is a big global appetite for commodities.

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