Capital Raising & Corporate Finance

CORPORATE FINANCING NEWS: CORPORATE DEBT   By Gordon Platt   Ford Motor Credit, the finance arm of the second-largest US automaker, and General Electric, the world's biggest maker of diesel locomotives and jet engines, were first out of the gate ...

CORPORATE FINANCING NEWS: GLOBAL EQUITY/DRS   By Gordon Platt   Depositary receipt investors pushed trading to a record high last year, demonstrating the continued popularity of DRs, despite challenging market conditions.   While the amount of capital raised by corporate ...

CORPORATE FINANCING NEWS: MERGERS & ACQUISITIONS   By Gordon Platt   China Three Gorges, a state-owned company that operates the world's largest hydropower project, bought a 21% stake in EDP, Portugal's largest company and utility.   The Chinese company also ...

CORPORATE FINANCING NEWS: CORPORATE DEBT   By Gordon Platt   New-issuance volume in the US high-yield market rose sharply in November, led by a $4 billion, two-part offering from Sprint Nextel, the third-largest US mobile network operator.   The Kansas company ...

CORPORATE FINANCING NEWS: GLOBAL EQUITY/DRS   By Gordon Platt   New China Life Insurance raised $1.9 billion in an initial public offering in Hong Kong and Shanghai in December, but it was forced to price the issue at the bottom of ...

WINDOWS OF OPPORTUNITY   By Matt Greco   Global Finance sat down with Martin Fridson, high-yield market specialist and global credit strategist at BNP Paribas Asset Management, in early December to get his take on US and global debt markets ...

CORPORATE FINANCING NEWS: MERGERS & ACQUISITIONS   By Gordon Platt   Anglo American, one of the world’s largest mining companies, gained a long-coveted majority stake in diamond mining company De Beers, in one of two M&A deals that the British firm ...

COVER STORY: ALTERNATIVE FINANCING   By Laurence Neville   Small and medium-size companies are vital to economic growth and critical to corporate supply chains. Yet traditional lending is virtually closed to SMEs in most markets—certainly in developed markets of the West. ...

CORPORATE FINANCING NEWS: CORPORATE DEBT   By Gordon Platt   With market yields nearing 10%, investors rushed back into the high-yield corporate bond market in mid-October to take advantage of low prices and spreads to Treasury bonds of 900 basis ...

CORPORATE FINANCING NEWS: MERGERS & ACQUISITIONS   By Gordon Platt   Foreign buyers accounted for 76% of the total value of US oil and gas mergers and acquisitions in the third quarter of this year, with 22 deals valued at ...

CORPORATE FINANCING NEWS: GLOBAL EQUITY/DRS   By Gordon Platt   The US market for initial public offerings sprang to life in November, following a two-month drought.   The successful $700 million offering by Groupon, which was the largest IPO by ...

CORPORATE FINANCING NEWS: CORPORATE DEBT   By Gordon Platt   US government bond yields hit record lows in September, yet investors passed up big yields on corporate HY.   Even as yields on US government bonds fell to record lows ...

CORPORATE FINANCING NEWS: MERGERS & ACQUISITIONS   By Gordon Platt   Nippon Steel, Japan’s largest steelmaker, is acquiring rival Sumitomo Metal Industries to create the world’s second largest steel producer, at a time when global competition in the steel industry ...

CORPORATE FINANCING NEWS: GLOBAL EQUITY/DRS   By Gordon Platt   The global pipeline of planned initial public offerings has grown to record proportions, with 332 companies waiting to issue IPOs valued at a total of $183 billion, according to Renaissance ...

CORPORATE FINANCING NEWS: GLOBAL EQUITY/DRS   By Gordon Platt   The recent volatility in global equity markets and the heightened uncertainty around the global economic outlook forced a virtual shutdown of the market for initial public offerings in early August, just ...

CORPORATE FINANCING NEWS: CORPORATE DEBT   By Gordon Platt   Credit spreads widened dramatically during the turmoil in the credit markets this summer as the global economic outlook worsened, Standard & Poor’s stripped the US of its triple-A credit rating, and ...

CORPORATE FINANCING NEWS: MERGERS & ACQUISITIONS   By Gordon Platt   Transformations of technology companies are fueling multibillion-dollar mergers and acquisitions and divestitures, as the industry consolidates and develops new businesses to compete for corporate IT budgets.   Google’s $12.5 billion ...

FOCUS: TRADING SHIFTS TO EXCHANGES By Gordon Platt New rules to reduce systemic derivatives market risk and increase transparency are still evolving. As regulators on both sides of the Atlantic struggle to come to grips with new derivatives trading rules, ...

CORPORATE FINANCING NEWS: GLOBAL EQUITY/DRS   By Gordon Platt   Capital raisings using depositary receipts (DRs) nearly tripled in the first half of 2011, compared to the same period a year earlier, while DR trading volume and the number of ...

CORPORATE FINANCING NEWS: MERGERS & ACQUISITIONS   By Gordon Platt   The energy and power sector was the most active for worldwide mergers and acquisitions in the first half of 2011 as the value of global deals of all types ...