Global news and insight for corporate financial professionals
CORPORATE FINANCING NEWS — CORPORATE DEBT By Gordon Platt The volume of global corporate high-yield debt issues in the first half of 2010 set an all-time record for any six-month period, according to Thomson Reuters. The total of ...
EUROPE By Anita Hawser No thank you: Companies reject costly bank loans Investment-grade companies are shunning bank lending and opting instead for the bond markets in order to raise financing, a report by Fitch Ratings says. Based on ...
CORPORATE FINANCING NEWS — CORPORATE DEBT By Gordon Platt Europe's seemingly intractable sovereign debt crisis has triggered a flight to safety among investors, who are shunning bonds of lower-rated companies despite some very attractive yields in a ...
CORPORATE FINANCING NEWS — MERGERS & ACQUISITIONS By Gordon Platt Consolidation in the US airline and global telecom industries has kept merger activity going in the past few months. The proposed merger of United Airlines, based in Chicago, ...
CORPORATE FINANCING NEWS — GLOBAL EQUITY/DRS By Gordon Platt Agricultural Bank of China (AgBank) began marketing operations last month for what could be the biggest initial public offering in history, despite turbulent market conditions that caused a raft ...
CORPORATE FINANCING NEWS — MERGERS & ACQUISITIONS CORPORATE FINANCE FOCUS CHINA AND INDIA'S COMPETITION FOR RESOURCES CAUSING RISE IN CROSS-BORDER ACQUISITIONS By Gordon Platt Mergers and acquisitions in emerging markets are heating up, and China and ...
CORPORATE FINANCING NEWS — GLOBAL EQUITY/DRS IPOS PULLED FOLLOWING MARKET DECLINES By Gordon Platt A sharp drop in world equity markets triggered a host of cancellations and postponements of planned initial public offerings in early May. Many of ...
CORPORATE FINANCING NEWS — CORPORATE DEBT ISSUANCE EBBS IN VOLATILE MARKET By Gordon Platt Reverberations from the debt crisis in Greece rattled through the corporate debt market in early May, causing extremely volatile conditions that disrupted what ...
Global By Anita Hawser Mergers and acquisitions may have taken a dive during the recent financial crisis, but as the economy picks up, companies are looking to M&A; as a way to rapidly add to revenue growth in ...
HUGE IPOS GET READY TO COME TO MARKET By Gordon Platt The pipeline of planned initial public offerings is beginning to look more like a dam that is getting ready to burst. A rush of stock offerings is ...
HIGH-YIELD DEBT HAS RECORD QUARTER By Gordon Platt The volume of global corporate high-yield debt issues reached $75.5 billion in the first three months of 2010, breaking all quarterly records, according to Thomson Reuters. The total was up ...
DERIVED VALUE Global Finance brings together a group of industry leaders to discuss the prospects for the exchange-traded derivatives market. Moderated by Joseph Giarraputo Global Finance: The global financial system has come through a near-death experience. ...
COVER STORY: CORPORATE DEBT A gargantuan wall of debt coming due over the next few years could impede all but the highest-rated corporations’ efforts to refinance their debt. By Jonathan Gregson Just as the United States and ...
EMERGING MARKETS M&A; RISES SHARPLY By Gordon Platt Mergers and acquisitions involving companies in emerging markets more than doubled in the first quarter of 2010 compared to the same period a year earlier, reaching $183 billion, according to ...
BANKRUPT MALL OPERATOR WEIGHS OFFERS By Gordon Platt Simon Property Group, the largest US mall operator, is seeking to take over rival General Growth Properties and take it out of bankruptcy. The battle of the mall operators has ...
BRIC COUNTRIES TO LEAD CAPITAL RAISINGS USING DEPOSITARY RECEIPTS IN 2010 By Gordon Platt If central banks and government agencies around the world can exit accommodative monetary and fiscal policies smoothly, 2010 could be a good year ...
HIGH-YIELD DEFAULT RATE COMING DOWN By Gordon Platt The high-yield bond spread over US treasury securities is narrowing in anticipation of a steep decline in the default rate for below-investment-grade companies. Once the corporate sector is capable ...
BACK FROM THE BRINK The revival of interest in equity derivatives reflects a broader return of risk appetite among corporations and investors. By Laurence Neville The recovery in sentiment in most markets during 2009 was dramatic, and ...
Cross-Border M&A; Ready For Takeoff, With Emerging Markets As Main Target By Gordon Platt The stars are aligned for a substantial rise in cross-border mergers and acquisitions this year, as the global economy recovers and financing becomes more ...
High-Yield Market To Come Down To Earth By Gordon Platt The high-yield bond market had its best year ever in 2009, with an overall return of 55% that beat most other major asset classes. However, analysts expect the ...