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Country risk poll: Global Results

Overall rankings To obtain the overall country risk score, Euromoney assigns a weighting to nine categories. These are political risk (25% weighting), economic performance (25%), debt indicators (10%), debt in default or rescheduled (10%), credit ratings (10%), access to bank finance (5%), access to short-term finance (5%), access to capital markets (5%), forfaiting (5%).

March 01, 2006

LDI Debate Participants

LDI Debate: Bridging the void

March 01, 2006

CF round up: Costamagna quits Goldman

Goldman Sachs might still be the firm to beat when it comes to global M&A but it has just lost the chairman of its European investment banking business, Claudio Costamagna, who will leave this month after 17 years at the firm.

Kathryn Tully, March 01, 2006

BANKING

Subordinated debt issuers get mixed reception

If much-needed domestic bank consolidation ever gets off the ground in Taiwan, those banks that have brought successful subordinated debt issues to the market might be the most likely consolidators. Successful issues are a sign of confidence on the part of the market in a specific bank, and last year Taiwanese banks emerged to test their popularity.

Nick Parsons, March 01, 2006

BANKING

Portugal’s banks consider their next move

The country’s banks are successful and stable. But a small domestic market leaves a difficult choice: concentrate on building at home or seek to expand overseas. Laurence Neville reports.

Laurence Neville, March 01, 2006

CAPITAL MARKETS

Egypt: Debt needs derivatives

Synthetic bond is a precursor to bonds in Egyptian pounds.

Kathryn Wells, March 01, 2006

BANKING

India breaks the circle of distressed debt

India’s distressed debt market has a problem. Specialist firms, often set up by a consortium of banks, buy the assets from one arm of a bank, package them up, and then have to sell them back to the original banks. After intense lobbying from firms such as Arcil, the Indian government has changed the rules. Niranjan Rajadhyaksha reports.

March 01, 2006

Opinion

The stand-off begins: M&A risk increases for bond investors

Bond investors are starting to clamour for extra protection as buyout risk increases.

March 01, 2006

CAPITAL MARKETS

Single-stock futures: Eurex hopes for SSF boom

Ucits III opens the door to sustainable growth of single-stock futures. Over the past five years the exchange’s USF market has grown by an average of 57% a year, and there may be more to come.

March 01, 2006

Korea: How Hynix emerged from the perfect storm

The financial rehabilitation of Korean chipmaker Hynix offers salutary lessons for the region. Once the company was an embarrassment that an entire country wanted to go away. Now its creditors will reap a bonanza from a deal that they never even wanted. Chris Leahy reports from Seoul.

Chris Leahy, March 01, 2006

CAPITAL MARKETS

LATAM round up: Metrofinanciera ponders a perp

Latin America’s infatuation with the perpetual bond market shows no signs of slowing down. Metrofinanciera, one of Mexico’s biggest mortgage lenders, is the latest corporate to reveal its interest in issuing a perp. The company’s chief executive, José Armando Guzmán González, says that he is mulling over the idea but declines to provide further details.

Sudip Roy, March 01, 2006

Why Lavagna was the only man for the job

Guillermo Nielsen, Argentina's former finance secretary, on Roberto Lavagna, former economy minister.

March 01, 2006

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