Through the successful Asian marketing of IPOs for Russian property developers Sistema-Hals and PIK, Nomura’s Moscow operation has managed to position itself as a gateway to ‘eastern’ investors.Edward Russell-Walling explains.
Latest articles from Edward Russell-Walling
Derivatives drive exchange mergers
July 2, 2007Record growth in derivatives business is driving a wave of mergers between exchanges, which are keen to get in on a burgeoning market. Edward Russell-Walling reports.
Up to speed on risk management
July 2, 2007The level of risk management sophistication on the part of insurers is rising, resulting in brisk business for banks specialising in the provision of products such as derivatives. Edward Russell-Walling explains.
Selling junk to hit gold
May 7, 2007When a merger fell through last autumn, mining company Freeport-McMoRan was undeterred. It has just bought a rival and issued the world’s biggest junk bond to pay for it. Edward Russell-Walling explains.
Merrill emerges triumphant
May 7, 2007The debt specialists at Merrill Lynch have been busy blazing new trails in the emerging markets. Edward Russell-Walling reports.
Turkey’s Calik full of energy
April 2, 2007Turkey-based Calik Holding, keen to finance its overseas purchases in areas ranging from construction and telecoms to banking and energy, has burst on to the international stage with a $200m debt issue. Edward Russell-Walling reports.
Turbo-charged UBS
April 2, 2007In an extraordinarily short time frame, while much of the market was on holiday, UBS’s hybrid team managed to administer issues from Nationwide, DnB NOR, Generali and HSH Nordbank. Edward Russell-Walling reports.
African attractions grow
March 5, 2007The viability of capital markets in African countries is looking more promising, underlined by a successful bond issue denominated in naira by the African Development Bank. Edward Russell-Walling reports.
Capital injection aids development
February 5, 2007For the first International Finance Facility for Immunisation debt issue to succeed, lead managers Goldman Sachs and Deutsche Bank had to devise a way of frontloading development finance at an affordable cost. Edward Russell-Walling reports on a scheme designed to ensure reliable funding for vaccine projects.
MDM securitisation marks first of many
December 4, 2006MDM’s auto loan securitisation issue, the largest ever out of Russia, was comfortably oversubscribed and more issues are in the offing, reinforcing the trend in the CIS region. Edward Russell-Walling reports.