Latest articles from Michael Marray

International bestsellers

April 4, 2005

Covered bonds are hot property across the world from Europe to Asia. But pending legislation and regulator concern mean demand is fast outstripping supply. Michael Marray reports.

Are you in?

November 4, 2004

Covered bonds continue to gain acceptance, with new issuers increasingly attracting the traditional pfandbriefe investor. Should they wait for covered bond legislation or go the structured route? Michael Marray finds out that there is a big market for both.

Turkish upward trends

October 4, 2004

Turkish borrowers have been enjoying improved conditions this year, as economic growth moves the country beyond the effects of the deep recession and currency crisis that struck in 2000 and prepares it for EU entry, reports Michael Marray.

Iberian ABS market pulls in European investors

October 4, 2004

Asset-backed securities from the Iberian Peninsula have proved popular with European investors. A recent transaction, the first to be backed by auto leases and loans, and to combine a securitisation framework from Portugal and Spain, indicates that the market is still developing.

Relationships help to clinch the deals

May 3, 2004

Dresdner Kleinwort Wasserstein’s M&A team has pulled itself up from sixth largest in Germany last year to the top of the pile with a series of deals in which its network of relationships proved vital. Michael Marray reports.
The members of the M&A team at Dresdner Kleinwort Wasserstein (DrKW) in Frankfurt had plenty to celebrate in April, when the Dealogic first-quarter figures for completed deals in the German M&A market had them perched on the top of the league table.

Dutch issuers strive to satisfy investors

May 3, 2004

Investor appetite for Dutch paper is strong but getting a slice of action can be tricky with the low level of offerings. Michael Marray reports.

Investors shouldn’t count on covered bond standardisation

April 5, 2004

Investors hoping for a blanket European definition and law for covered bonds shouldn’t hold their breath. Michael Marray reports on the market which is growing across the continent.

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