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  • Japan
  • Collective action clauses have been inserted into bond documentation for nearly as long as bonds have existed. They're still completely standard in bonds issued under London law, and have never been an issue when those bonds come to be priced.
  • Securities lending
  • The flight to quality has brought KfW new bond investor friends to add to an already highly satisfied clientele. The bank hopes to broaden its paper’s appeal still further by stressing its quasi-sovereign status.
  • Hutchison publicly blames its abandonment of a foray into euro bonds on adverse market conditions. But the company and its advisers seem to have neglected to weigh up specific reasons for investor caution.
  • Managing director and global head of fixed income e-commerce, Lehman Bros
  • A big chunk of Iceland's second-largest bank looks destined to fall to a father and son team who made a fortune from selling their brewery in Russia. Questions remain, though, about their suitability to control the National Bank of Iceland.
  • Japan
  • Padraic Fallon, chairman of Euromoney Institutional Investor, presented the 2002 finance minister of the year award to Bulgaria's Milen Veltchev and the central bank governor of the year award to Australia's Ian Macfarlane at the Omni Shoreham Hotel in Washington at the end of the annual IMF/World Bank meetings.
  • Equities clearing
  • Deal flow