Global news and insight for corporate financial professionals
Outlook Improves For Capital Raising Using Depositary Receipts In 2010 By Gordon Platt Like initial public offerings, the amount of equity capital raised using depositary receipts dried up during the global financial crisis, but there has been a ...
Emerging Markets Deals Gain Prominence By Gordon Platt Warren Buffett’s $34 billion investment in Burlington Northern Santa Fe, the second-biggest railroad in the US, was a big bet on the future of the US economy, but major deals in emerging ...
Credit Market Recovery Stays Alive By Gordon Platt Corporate bond issuance worldwide passed the $2.5 trillion milestone for the year to date in October, and credit quality improved, as the record rally in the credit markets rolled along. ...
Equity Capital Underwriting Fees Rise 33% Gordon Platt Underwriting fees from global equity capital market transactions in the first nine months of 2009 rose 33% from the same period a year earlier to an estimated $14.8 billion, according ...
Morgan Stanley Leads After Three Quarters BY Gordon Platt Morgan Stanley edged out Goldman Sachs as the top financial adviser on mergers and acquisitions worldwide in the first three quarters of 2009, as M&A; activity declined 38% from ...
Corporate Debt Taking Away The Punch Bowl Could End Rip-roaring Party In The Credit Markets. By Gordon Platt The fxed-income markets have produced some of the biggest returns ever this year, as central banks around the world ...
Global Equity/drs By Gordon Platt Brazil and China accounted for two-thirds of global capital raised through initial public offerings in the second quarter, with the United States and Europe lagging behind. The US market sprang to life in ...
Corporate Debt By Gordon Platt The strong rally in the high-yield debt market could be running out of steam, as the number of companies defaulting on their debts continues to rise, analysts say. The US high-yield default ...
By Gordon Platt Sovereign wealth funds could play a big supporting role as global mergers and acquisitions try to get back on track following a dramatic slowdown in M&A; activity during the credit crisis and global recession. While they ...
By Gordon Platt Sovereign wealth funds could play a big supporting role as global mergers and acquisitions try to get back on track following a dramatic slowdown in M&A; activity during the credit crisis and global recession. While they ...
GLOBAL By Laurence Neville Perking up: The US market is showing signs of revival Six months after global equity markets began a remarkable rally and a year since the global financial system almost collapsed, the IPO is back ...
Global Equity/DRs By Gordon Platt China opened the floodgates to new share offerings in June, releasing a torrent of initial public offerings to help soak up excess liquidityand cool an overheating stock market. The removal of the government’s ...
MERGERS & ACQUISITIONS By Gordon Platt The statistics on global dealmaking activity show no signs of improvement, despite some recent easing of the credit crisis and widespread opportunities for investment in distressed sectors. The value of worldwide mergers ...
Corporate Debt By Gordon Platt The interest rate spreads on corporate bonds to US treasury securities narrowed in July to levels that existed before Lehman Brothers filed for bankruptcy protection in September 2008, as investors increased their risk-taking ...
Banks have created 1,400 new unsponsored ADR programs to meet-and hopefully generate-growing demand, particularly from investors in separately managed accounts. By Gordon Platt The long drought in initial public offerings has slowed the pace of raising capital ...
Mergers & Acquisitions BY GORDON PLATT Two of Brazil's biggest food companies, Perdigão and Sadia, plan to merge in a stock-swap transaction that will create a multinational food company with annual sales of $10.6 billion. The new company, ...
Corporate Debt BY GORDON PLATT Companies rushing to refinance bank loans borrowed more than $24 billion in the high-yield debt market in the United States in May, the most since November 2006, according to Montpelier, Vermont-based KDP Investment ...
PEPSI PUTS SOME FIZZ BACK IN M&A; MARKET Merger and acquisition activity is returning to a semblance of normality, with a series of significant deals in industries other than financial services. While financing remains constrained, stock-swap transactions and cash deals ...
EXCHANGE-TRADED DERIVATIVES PROVE THEIR WORTH As product offerings grow and pricing improves, exchange-traded derivatives are increasingly appealing to both corporate and institutional buyers of derivatives contracts. By DENISE BEDELL Of the lessons learned by companies during the ...
ASIA, MIDDLE EAST LEADING IPO THAW BY GORDON PLATT The level of initial public offerings has been at historic lows for nearly a year, but recent large IPOs in Asia and the Middle East have broken the ice, ...