UBS’s Islamic finance team talk to Edward Russell-Walling about the new products they have been working on, including the world’s first sharia-compliant exchangeable sukuk for Khazanah Nasional and sharia-compliant and commodity-linked certificates.
Latest articles from Edward Russell-Walling
Refinancing for the future
November 6, 2006Acergy is in sparkling form. After rationalising its business, renaming itself and emerging from crisis it has been listed on Nasdaq. Edward Russell-Walling reports on how it is managing its debt with convertibles.
Well-oiled machine drives Kazakh deal
November 6, 2006The sale of 40% of Kazakhstan state oil exploration and production company KazMunaiGas in a two-part offering was a roaring success, despite oil prices falling as the deal was going down. The Credit Suisse team responsible for “driving the execution” talk to Edward Russell-Walling.
ETF development is fired up by commodities interest
October 2, 2006The number of exchange-traded vehicles is growing and more asset managers are entering the market. Growth has been extraordinary and more innovations can be expected in the future, reports Edward Russell-Walling.
Landsbanki’s dandy Yankees
October 2, 2006When Landsbanki was criticised for its short-term financing risk, it decided to win back its reputation with two bond issues in the US. Edward Russell-Walling reports on an Icelandic success story.
JPMorgan reaps rewards of its success in Germany
October 2, 2006JPMorgan recently followed up an IPO deal for German retailer Metro’s divestment of its DIY business, Praktiker, with an advisory role in the latter’s acquisition of a privately owned competitor. The team tell Edward Russell-Walling about their successive mandates.
Rusal stays with debt issue
August 7, 2006Although there is talk of Rusal floating, its finance chief Vladislav Soloviev tells Edward Russell-Walling the aluminium giant does not need to tap the capital markets just yet.
Lehman’s winning formula secures chemicals takeover
August 7, 2006Lehman Brothers’ homework enabled German chemicals giant BASF to walk off with US catalyst maker Engelhard for a mere 5% above its initial unsolicited offer. Edward Russell-Walling reports.
Finland keeps it simple
July 3, 2006Edward Russell-Walling talks to Finland’s finance director Satu Huber about the rationale behind the country’s successful 5/11 strategy for issuing sovereign paper.
A new twist to debt exchange
June 5, 2006In its latest debt exchange offer, Stora Enso managed to reduce its reporting burden. Edward Russell-Walling reports.