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CAPITAL MARKETS

RMBS: HBOS sets a much-needed benchmark for Europe

Permanent deal is the most exciting thing for a very long time.

Louise Bowman, June 06, 2008

CAPITAL MARKETS

AI market round-up: Hedge fund IPOs

UK-based fund Brevan Howard has raised $1 billion in an IPO of its feeder fund, BH Global, double its original target. The fund will invest in five of Brevan Howard’s hedge funds. Canadian firm Sprott Asset Management also went public last month, with a $225 million IPO. It was the biggest IPO in Canada in the past five months.

Helen Avery, June 06, 2008

BANKING

Mezzanine finance: Lenders rewrite their terms of engagement

One of the many things that got forgotten during the LBO boom was that mezzanine is a risky product.

Louise Bowman, June 06, 2008

BANKING

Pakistan: Economy buoyant despite political turbulence

In the face of global market turbulence, rising oil prices and rifts in the country’s rickety ruling coalition, Pakistan’s markets remain a rare sanctuary of stability for embattled investors and acquisitive foreign corporates.

Elliot Wilson, June 06, 2008

EEMEA round-up: Blackstone adds weight in Turkey

Blackstone Group has hired Kemal Kaya as a senior adviser for its Turkish operations.

Dominic O’Neill, June 06, 2008

CAPITAL MARKETS

Leveraged loans: Sponsors buy their own loans

Series of opportunistic buybacks is ruffling feathers in the loan market.

Louise Bowman, June 06, 2008

CAPITAL MARKETS

Distressed ABS face legal risk

While some continue to debate whether the knife is still falling, others have decided that the distressed credit markets already offer an attractive investment opportunity.

Simon Sharp, June 06, 2008

CAPITAL MARKETS

Is the recent surge in issuance sustainable? Is it a function of either a backlog or uncertainty over future market conditions?

Miles Millard, European head of debt capital markets, Deutsche Bank

Alex Chambers, June 06, 2008

Opinion

Career down the tube?

It doesn’t take much to bring out the eccentricity of the English. And a ban on drinking alcohol on London’s underground system achieved just that, as thousands of revellers gathered on trains and at tube stations in late May to mark the last day that it was legal to have a tipple 50 feet under London’s streets.

June 06, 2008

CAPITAL MARKETS

Separating the wheat from the chaff in debt services

The credit crunch has brought the benefits of a strong, experienced debt house into stark perspective, and there has been a realization that not all investment banks and their services are equal. Jethro Wookey reports.

Jethro Wookey, June 06, 2008

Foreign Exchange

Foreign exchange round-up: CLS adds shekel and Mexican peso...

CLS has added the Israeli shekel and Mexican peso to the 15 currencies it settles. "Bringing the benefits of CLS settlement to an ever wider community of stakeholders is central to our strategy of growing the value of CLS to the market. The local banking systems in Israel and Mexico will also experience the risk and efficiency benefits that CLS participation will bring, and we are very pleased to welcome these two new currencies to the CLS community," says Rob Close, chief executive of CLS Group.

Lee Oliver, June 06, 2008

BANKING

IOs – an alternative play on mortgages

Which floor has the door to US homes?

Helen Avery, June 06, 2008

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