Capital Markets News, Data & Analysis | GlobalCapital

Time 2020-12-14 08:02:29

Web Name: Capital Markets News, Data & Analysis | GlobalCapital

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Equity Brexit breakdown risks UK capital markets chaos Capital markets professionals are resigned to a no-deal Brexit, after UK prime minister Boris Johnson and EU Commission president Ursula von der Leyen failed to find a way through an impasse in trade negotiations over dinner on Wednesday. Equities are set to suffer the most, and the ability of UK companies hurt by Covid-19 to raise capital is now in serious doubt. Sam Kerr, Lewis McLellan and Mike Turner report. 10 Dec 2020 Emerging Markets As EM brims with optimism, some warn over familiar foe With returns on developed market bonds being squeezed as never before, debt analysts are heralding emerging markets as the place for investors to be in 2021. Yet the faster the global economic recovery, the more vulnerable EM fixed income will be to what has often been its downfall: any signal of tighter global liquidity conditions, write Mariam Meskin and Oliver West. 10 Dec 2020 Covered Bonds FIG hit as ECB takes the safe option The European Central Bank failed to provide the “big bazooka” that some capital market participants were hoping for at its meeting on Thursday. But the central bank did show its willingness to continue financing bank lending until the economy starts to recover, suggesting that FIG supply volumes face another difficult year in 2021. 10 Dec 2020 Mark Carney, the last crisis, Scotch Eggs This week in Keeping Tabs: the former governor of the Bank of England on value and values, The New Republic on law and value, reminiscing about the last crisis, and a pub snack en vogue. 11 Dec 2020 European Parliament agrees securitization deal with added sustainability criteria The European Parliament and Council have agreed rules that will set the stage for securitization to play a role in helping European banks dig their way out of an impending surge in defaulted loans. The Parliament has added sustainability criteria to the final amendments. 11 Dec 2020 Deutsche points to sustainable investment bank revenue growth At the end of a strong year, Deutsche Bank told investors that its investment bank had not simply benefitted from a rising tide lifting all boats, but that it would be able to carry on generating much of the extra revenue it created in 2020. It also boasted of working on a number of European sovereign debt deals. 10 Dec 2020 End of universal bank could be nigh, says Arthur D Little The coronavirus crisis, new challengers, technology and capital requirements threaten to shake up the banking sector — and banks are likely to shift business models substantially, according to management consultancy firm Arthur D Little. 09 Dec 2020 Deutsche links executive pay to sustainability Deutsche Bank is joining the ranks of banks that tie their top managers’ bonuses to sustainability targets, highlighting the fact that there is great variety in how this is done among leading investment banks. 09 Dec 2020 Bonus questions loom following calls for caution Investment bankers have piled up heaps of revenue for their firms this year, but their employers may feel the need not to be too generous with bonuses in the first few months of next year. 09 Dec 2020 Debt cancellation: not today’s fight Not content with the central bank purchase programmes of seemingly infinite elasticity, some Italian officials have recently floated the possibility of the ECB forgiving the debt it has purchased. This is illegal, and changing the law is not what Europe needs at the moment. 10 Dec 2020 SRI / Green Bonds Taxonomy in trouble The sustainable finance market clamoured for a Taxonomy to tell it what was green. Now it’s here, many are finding the answers constraining or simplistic. Alarmingly, the Taxonomy is also perpetuating the very thing it was supposed to root out — greenwashing. 08 Dec 2020 EU enters the fray as SSA market shines brightly The SSA market faced unprecedented challenges in 2020. Funding requirements were inflated by unexpected needs from the pandemic, and the market was busier than ever thanks, in no small part, to the EU’s entrance as one of the sector’s biggest borrowers. But with the exception of a difficult period in March, SSA issuers made it through the year with scarcely a hiccup in their programmes. It’s an encouraging sign, but new challenges await next year.Some leading lights in the SSA community discuss the year they’ve had and the changes it has brought for them, as well as for capital markets more broadly. 11 Dec 2020 FIG hit as ECB takes the safe option The European Central Bank failed to provide the “big bazooka” that some capital market participants were hoping for at its meeting on Thursday. But the central bank did show its willingness to continue financing bank lending until the economy starts to recover, suggesting that FIG supply volumes face another difficult year in 2021. 10 Dec 2020 CLO managers seek flexibility for fair fight with distressed funds CLO managers are seeking more influence on the outcome of restructurings, baking additional flexibility into deal documents to avoid being blindsided by more flexible distressed debt funds better equipped to extract value from corporate restructuring negotiations. New CLOs are adding extra space for loss mitigation loans while older deals are seeking investor consent amend their docs. 10 Dec 2020 Mark Carney, the last crisis, Scotch Eggs This week in Keeping Tabs: the former governor of the Bank of England on value and values, The New Republic on law and value, reminiscing about the last crisis, and a pub snack en vogue. 11 Dec 2020 Fugro completes rights issue to fund refinancing Fugro, the Dutch geo-data specialist, has completed its €197m rights issue, a key proponent in a large refinancing package that resolves longstanding issues around debt maturity. 11 Dec 2020 Fugro completes rights issue to fund refinancing Fugro, the Dutch geo-data specialist, has completed its €197m rights issue, a key proponent in a large refinancing package that resolves longstanding issues around debt maturity. 11 Dec 2020 As EM brims with optimism, some warn over familiar foe With returns on developed market bonds being squeezed as never before, debt analysts are heralding emerging markets as the place for investors to be in 2021. Yet the faster the global economic recovery, the more vulnerable EM fixed income will be to what has often been its downfall: any signal of tighter global liquidity conditions, write Mariam Meskin and Oliver West. 10 Dec 2020 Country Garden Services returns to ECM Country Garden Services Holdings Company has raised HK$7.785bn ($1bn) from a placement of new shares, riding on strong investor interest in property management services companies over the past year. 11 Dec 2020 Guangdong issues special bonds to recapitalise small banks, paves way for Chinese local govts The Guangdong provincial government sold Rmb10bn ($1.5bn) of special purpose bonds this week, creating a new form of support for small and medium-sized banks. The proceeds will provide a crucial source of funding for the country’s many capital-starved regional lenders, but there are questions about how effective the scheme will be. Addison Gong reports. 10 Dec 2020 Fugro completes rights issue to fund refinancing Fugro, the Dutch geo-data specialist, has completed its €197m rights issue, a key proponent in a large refinancing package that resolves longstanding issues around debt maturity. 11 Dec 2020 SSD privacy hampers deliverability with CDS auctions Whether or not Schuldschein debt is deliverable under CDS auctions is becoming more than an academic discussion, as analysts look to companies like travel firm Tui’s financial future. While the instrument fits the criteria as relevant debt for a CDS auction, the private nature of the contract could prevent the Determinations Committee from ruling. 07 Dec 2020 Latest issue 1682, December 04, 2020 GlobalCapital will still be producing a weekly edition during the coronavirus pandemic. But we will not be printing it. Instead you can click on the link below to read the latest issue in your browser. Digital Edition Website Edition GlobalCapital Archive

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