Row 1 - Latest/Ad/Opinion
Row 1 - Latest/Ad/Opinion
LATEST EUROMONEY MARKET VOICES
A round-the-world soundcheck exploring top-of-mind issues, events, trends and topics resonating with senior leaders across regional markets.
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Lloyds’ Carla Antunes da Silva: How to manage risk to finance growth
Capital markets are crucial in helping firms to navigate the turbulent geopolitical climate, acting as both a catalyst for growth and a long-term stabiliser to effectively handle challenges such as currency risk, interest-rate fluctuations and the increasing cost of capital. In the first of our Euromoney Market Voices series, the CEO of Lloyds Bank Corporate Markets explains how markets are adapting to the challenges of the new normal – and how banks and corporates can take advantage.
LATEST CAPITAL MARKETS
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Deutsche Börse’s Jens Hachmeister: ‘Spotify’ digital assets infrastructure to future-proof Europe’s markets
While some banks are embracing DLT and digital assets, those who have not yet defined their strategy risk being left behind. In the first of our new Digital Assets Deepdive series, the head of issuer services and new digital markets at Deutsche Börse argues the importance of updating market infrastructure to accommodate these rapidly evolving developments. -
Buy-side take prudent approach to Fed rate cut FX implications
Cost-conscious FX clients appear to be going to great lengths to avoid upfront payments for volatility protection, despite the lack of clarity around Fed monetary policy and the potential impact of political and geopolitical factors over the remainder of the year. -
Behind the scenes: Inside Midea’s mega Hong Kong IPO
In a deal that has reshaped Hong Kong’s IPO landscape, China’s home-appliance giant Midea successfully raised $4.6 billion in September, marking the city’s largest offering in years. From showcasing Midea’s transformative B2B growth to navigating the complexities of the listing process, Euromoney explores the key factors that led to the company's triumphant debut – and its implications for the future of Hong Kong's IPO market. -
Equity Capital Markets update, October 2024
Equity deals jump year-on-year, despite Q3 slowdown. -
T+1 impact on FX costs: The story so far
Four months on from North America’s move to a shorter settlement cycle, market participants have used a combination of liquidity management, technology pivots and human resources to mitigate their exposure to higher FX costs. -
For all the right reasons, is India the new China?
With Swiggy and Hyundai Motor India filing for big-ticket IPOs, India’s primary capital markets are on a tear. This could be the best year for listings in its history. Can it continue? A useful parallel for global investors can be drawn with China 20 years ago, when the Asian superpower’s markets suddenly sparked into life. -
Syndicated loans bounce back
Direct lending may have benefitted from the resurgence in US private equity buy outs in the first half of the year, but there may still be a return to syndicated markets. -
High rates fail to dampen commercial lending growth
Bullish US companies are looking beyond historically high interest rates and tight lending standards when it comes to commercial lending. -
KfW crypto deal highlights potential and problems of blockchain bonds
A small three-month deal from one of the bond market’s most frequent issuers shows the potential for on-chain delivery versus payment in central bank money. But the obstacles to widespread use of blockchains remain. -
Innovative secondary share sale puts high value on Revolut
New institutional investors are providing liquidity to longstanding Revolut employees and giving a valuation proof point to its stunning revenue and profit growth. -
Brazil pushes green bonds despite lack of incentives
New transition bond includes step-down, as new ‘green infrastructure’ bond issued. -
India’s IPO market finally comes alive
For years, India’s capital markets underwhelmed. Now, the country is the beating heart of IPO activity in Asia, with a raft of big-ticket stock listings expected in late 2024 and 2025. Fees are up, PE firms cannot buy assets fast enough, and global firms want to raise capital onshore.
Row 2 - Long Reads
Row 3 - More/Sponsored/Ad
Row 3 - More/Sponsored/Ad
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Caution at local commercial banks – coupled with the eagerness of large investment banks to foster relationships with private equity players – means large real-estate deals fuelled by back leverage could be primed for a comeback in Europe.
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With some big deals launching this week, Europe’s IPO pipeline is flowing at last. If they do well, they should put to bed the notion that ‘private IPOs’ are what is needed to provide exit routes for sponsors. A handful of recent deals shows that the biggest driver of success is doing the simple things well.
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For a deeply unpopular government with little room to manoeuvre, the chance to bribe voters with a cheap offer of bank shares is irresistible. The bank in question is now well-run and profitable while its stock still trades at a discount. But the great NatWest share offer will do little to revive UK capital markets.
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The Brazilian government’s changes to the laws governing its tax-exempt debentures have allayed financial market fears that president Lula intends to rely on BNDES to fund billions spending on infrastructure, crowding out private-sector finance.
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In the wake of heavy losses and mis-selling to retail investors, there is an urgent need for an overhaul of risk management in the banking sector.
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Direct lenders commanded generous terms on leveraged buyout financing last year, but volumes were low and, now that they show signs of revival, the banks are competing once more.
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Accommodating credit markets mean that corporates are keen to get fundraising completed ahead of elections on both sides of the Atlantic.
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Funded by green bonds, decarbonized assets are driving emissions upwards in other sectors that supply the necessary raw materials and shipment services. A capital markets transition label ought to factor this in.
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As Beijing works to underpin the equity market, China's fund houses and investment banks are betting on exchange-traded funds as the next big thing. That reflects a market corseted by regulation, where limited options compel a collective herd mentality.