EM Search | Euromoney

CAPITAL MARKETS

KfW pulls the lid off local bond markets

Until recently only multilaterals with a regional mandate, such as the ADB and IFC, have shown much interest in issuing bonds in Asian currencies. But KfW is planning a three-pronged attack on local-currency issuance in 2006. So are local markets about to take off?

Alex Chambers, December 01, 2005

CAPITAL MARKETS

DM round-up: Sober decade ahead, says Deutsche

Bond returns have come closer to matching equity returns over the past 25 years, according to Deutsche Bank. European credit strategists Gary Jenkins and Jim Reid looked at more than a century’s worth of data from the US. They found that, over a 105-year sample, equities produced a real total annual return of 6.53%, compared with 1.42% for US Treasuries and 2.5% for corporate bonds. But since 1980, equities outperformed corporates by just 1.5 percentage points.

December 01, 2005

Foreign Exchange

Do the big FX banks need a new platform?

The world’s largest foreign exchange banks have made a mistake in streaming prices to scores of electronic platforms and inviting everyone to participate in them. Now, they want to take back control. As Lee Oliver finds out, a new bank-only system is being touted as the answer. Who is behind it, and will it succeed?

Lee Oliver, December 01, 2005

CAPITAL MARKETS

South African companies push empowerment forward

The massive shift of equity ownership needed in post-apartheid South Africa was always going to be a tough task. There will never be a template for deals, but a range of structuring and financing strategies are taking shape. Mark Brown reports from Johannesburg.

Mark Brown, December 01, 2005

BANKING

MMFs: Basle II could reshape European overnight market

Report says lower risk weighting will encourage banks to look at MMFs.

December 01, 2005

CAPITAL MARKETS

Sovereigns: France considers debt management changes

Proposals in the French budget bill for 2006 and discussions in parliament last month could lead to significant changes in France’s public sector debt and risk management. Risk management role for AFT as Cades remains separate borrower.

December 01, 2005

CAPITAL MARKETS

SC market round-up: BESA rolls out platform

Could the southern hemisphere provide a solution to the problem of how to settle derivatives trades cleanly and quickly?

December 01, 2005

CAPITAL MARKETS

DM round-up: Hohenberg succeeds Keutner at UBS

London-based Nikolaus Hohenberg has become UBS’s new head of debt capital markets financial institutions group Germany. He replaces Martin Keutner, who has moved from London to Zurich to work at UBS Wealth Management. Alongside Hohenberg will be Joerg Mueller, who is working more closely on enhancing the covered bond effort. In the summer, UBS also hired Mariano Aldema and Miguel Pinto to its Iberian FIG team with the aim of boosting its Cedulas business.

December 01, 2005

BANKING

Lebanon: Blom acquires Misr

Banque du Liban et d’Outre Mer (Blom), Lebanon’s largest bank, with a paid-up capital of $128.3 million, is set to continue its regional expansion via its acquisition of Egyptian-Romanian bank, Misr Romanian Bank (MRB). Saad Azhari, general manager of Blom, said: “We expect the acquisition to be completed in the first two weeks of December [2005].” He expects Blom eventually to hold between 80% and 100% of MRB’s shares.

Kate Luxford, December 01, 2005

Hedge funds: No more secret stock stashes

UK Takeover Panel amends its rules on contracts for difference.

Helen Avery, December 01, 2005

BANKING

Mauá Investimentos

Brazil's hedge funds break through

December 01, 2005

BANKING

PPP aims to build on its promises

Capital market practitioners have failed to develop the necessary credit skills to assess and absorb infrastructure risk. Now as Philip Moore reports, these shortcomings are being addressed.

Philip Moore, December 01, 2005

Search results for