Capital Raising & Corporate Finance

CORPORATE FINANCING NEWS: CORPORATE DEBT   By Gordon Platt   The bond market rally was given a new lease on life last month when the Federal Reserve announced it would buy $600 billion of US treasuries—and maybe more, if necessary—by ...

CORPORATE FINANCING NEWS: GLOBAL EQUITY/ DRS   By Gordon Platt   Companies based in China and India dominated global initial public offerings in the first three quarters of 2010, and now the US is getting ready to join the new-equity ...

READY FOR PRIME TIME   By Gordon Platt   Trade between emerging market countries is driving a campaign for a new currency order.   Future growth of the foreign exchange prime brokerage industry will come from asset managers that are ...

CORPORATE FINANCING NEWS - MERGERS & ACQUISITIONS   By Gordon Platt   Worldwide mergers and acquisitions are increasing, and the proportion of takeover offers that are unsolicited is at the highest level in at least a decade. The value of ...

CORPORATE FINANCING NEWS — CORPORATE DEBT   By Gordon Platt   The third quarter set a record for global issuance of high-yield bonds and pushed the year-to-date total above any full-year total on record, according to Thomson Reuters. Analysts expect ...

CORPORATE FINANCING NEWS — GLOBAL EQUITY/DRS   By Gordon Platt   State-owned Coal India, the world's largest coal miner, was seeking to raise up to $3.5 billion in the country's biggest initial public offering, which began on October 18. That ...

CORPORATE FINANCING NEWS — CORPORATE DEBT   By Gordon Platt   August was supposed to be a sleepy month in the high-yield debt market, but it turned out to be anything but quiet. Total high-yield issuance in the US for ...

LATIN AMERICA TAKES MERGER SPOTLIGHT   By Gordon Platt   Mergers in Mexico and Brazil that will create strong regional and global competitors in a number of industries overshadowed a dormant M&A; market in the United States in January.   ...

CORPORATE DEBT ISSUANCE STAYS STRONG, BUT RISK PREMIUMS RISE SHARPLY   By Gordon Platt   While the Federal Reserve is unlikely to raise interest rates significantly this year in light of high US unemployment and subdued inflation, the long-running rally ...

CORPORATE FINANCING NEWS - MERGERS & ACQUISITIONS   By Gordon Platt   The cross-border battle for global resources is now focused on potash, with BHP Billiton's $43 billion hostile bid for Saskatoon-based Potash Corp. of Saskatchewan, the world's largest producer ...

CORPORATE FINANCING NEWS — GLOBAL EQUITY/DRS   By Gordon Platt   Petrobras, Brazil's state-run oil company, was scheduled to come to market with $35 billion of shares as Global Finance went to press. That would make the sale the world's ...

EMERGING MARKETS LEAD DR ISSUANCE   By Gordon Platt   Companies from emerging markets established 57 new depositary receipt programs in 2009, more than half of the year's total worldwide, according to an analysis by BNY Mellon. China-based issuers led ...

FOCUS — EQUITY DERIVATIVES   By Gordon Platt   New regulation should improve transparency in the increasingly popular equity derivatives market.   The financial reforms signed into law by President Obama on July 21 will substantially change the way many ...

CORPORATE FINANCING NEWS — GLOBAL EQUITY/DRS   By Gordon Platt   Depositary receipt trading worldwide rose 8.3% to more than 78 billion DRs in the first half of this year and was valued at a record $1.84 trillion, according to ...

CORPORATE FINANCING NEWS - MERGERS & ACQUISITIONS   By Gordon Platt   Emerging markets accounted for nearly one-third of global mergers and acquisitions in the first half of 2010, according to an analysis by Thomson Reuters. M&A; activity involving companies ...

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 ...