European banks have issued €30bn ($38.1bn) in bonds ... Last week, the level of issuance accelerated, causing ... Frank Will, a senior strategist covering frequent borrowers ... “The past few days have seen an unseemly ... The UK was the first country to guarantee ... So far, Barclays, HBOS, Royal Bank of Scotland,...
Goldman Sachs Liquidity Partners 2007, which secured $1.8bn ... The fund - which invested in high-yield senior ... The vehicle’s leverage never exceeded 2.8 times its...
Babcock & Brown, the beleaguered Australian infrastructure fund ... The short-term debt facility, which does not fall ... Sources said that all financial covenants on B&B’s...
All arbitrage traders hang their hat on the ... Hedge fund Long-Term Capital Management played on the ... Former Bankers Trust trader Andrew Krieger banked profits ... However, the rapid growth in credit default swaps ... Those strategies soon became the bread and butter ... Historically, the basis has generally stayed within a...
Ratings agency Standard & Poor’s has cut the ... In a report Tuesday S&P said it had ... The risk is that the downgrades force investors ... Jamie Stuttard, head of pan-European fixed income for ... Synthetic CDOs are sophisticated instruments backed by credit ... Investors bought the securities to lap up the...
The co-head of Citigroup’s European debt syndicate and ... Peter Apostolicas, who was named co-head of the ... It is understood that he left for personal ... Apostolicas and Charles were co-heads of European bond ... Charles is expected to to take on sole ... Apostolicas and Charles have worked together since 2005...
European banks have issued €30bn ($38.1bn) in bonds ... Last week the level of issuance accelerated, causing ... Frank Will, a senior strategist covering frequent borrowers ... “The past few days have seen an unseemly ... The UK was the first country to guarantee ... In Ireland banks also pay 50 basis points...
UK fitness chain Esporta is set to be ... Esporta was owned for five years by UK ... In May this year, a number of private ... However, an auction process was pulled by administrators ... SG will now do a debt-for-equity swap to...
When Barclays issued £1.25bn (€1.5bn) in mandatory convertible ... Although MCNs are not strictly comparable with convertible ... However, there is a question over the extent ... The 23% collapse in the UBS European Convertible ... After a brief fillip at the start of ... Similarly, equity investors can buy equity with downside...
All arbitrage traders hang their hat on the ... Hedge fund Long-Term Capital Management played on the ... Former Bankers Trust trader Andrew Krieger banked profits ... However, the rapid growth in credit default swaps ... Those strategies soon became the bread and butter ... Historically, the basis has generally stayed within a...
After more than a year of pain since ... Managers are pinning their hopes on calling the ... Aoiffin Devitt, founder of advisory firm Clontarf Capital, ... She said there were two schools of thought: ... Devitt said her firm recommended a blend of ... Jeffrey Kushner, chief executive of debt hedge fund...
The financial crisis, which is being felt in ... From peak to trough, global equities fell 54% ... From its peak at the end of October ... Marsh said: “You might well argue that the ... But the bear market of the Great Depression ... In dollar terms, the MSCI World index fell...
As a global bout of deleveraging forces private ... Mezzanine – the layer of debt that ranks ... Rating agency Fitch, which tracks large buyout mezzanine ... It said default rates could rise from current ... Investors will find it hard to recover their ... The agency concluded under such circumstances it was...
Dunedin, a mid-market UK buyout firm, has financed ... Dunedin recently deployed the "integrated finance" model - ... The growing pattern represents a vivid shift from...
The financial crisis, which is being felt in ... From peak to trough, global equities fell 54% ... From its peak at the end of October ... Marsh said: “You might well argue that the ... But the bear market of the Great Depression ... In dollar terms, the MSCI World index fell...
Few asset classes have survived this year unscathed. ... Institutional and retail investors rushed to pull money ... There will undoubtedly be more redemptions and exits ... Consultants have been calling for more simplicity in ... The pin-ups of the investment universe in early...
Few asset classes have survived this year unscathed. ... Institutional and retail investors rushed to pull money ... There will undoubtedly be more redemptions and exits ... Consultants have been calling for more simplicity in ... The pin-ups of the investment universe in early...