Brazil Roundtable 2007
Brazil is on the cusp of becoming an investment grade credit. The sovereign has never looked better and its corporates never healthier. Many enjoy cash-rich positions and a few are able to cross the seas and engage in major acquisitions and vie among the world’s biggest players in sectors such as mining and commodities.
Latin American Loans Roundtable 2007
The Latin American loan market has ostensibly held up well against this summer's credit crunch, with very little seepage from its neighbours to the north. But credit committees at large European and US banks are starting to ramp up the pressure and bankers are warning of tighter terms on the horizon.
Mexico Roundtable 2007
Mexico has not been immune to the disruptions caused by US sub-prime problems. But thanks to what is essentially a captive investor base, the country's capital markets have proven relatively resilient.
Sub-Saharan Capital Markets Roundtable 2007
IFR hosted a roundtable at its offices on June 25 to discuss developments in Sub-Saharan Capital Markets. Participating were Stuart Culverhouse of Exotix, François Ekam-Dick of Iroko Securities, Alex von Sponeck of Merrill Lynch, Francis Beddington of Standard Bank, and Ade Adebajo of Standard Chartered Bank.
Non-Core Bond Markets Roundtable 2007
Throughout 2006 and the early part of 2007, the non-core currency bond markets have continued to offer opportunities to borrowers and investors alike to enter arenas away from the mainstream markets.
Rating Agencies Roundtable 2007
Once thought of as a sleepy backwater, the ratings business is now widely viewed as a key driver in some of the most dynamic market sectors, structured finance and structured credit, among others.
Covered Bonds Roundtable 2007
As the covered bond market continued on its relentless march around the globe in the first half of 2007 and more and more jurisdictions were converted to the cause, one of the major selling points used by the asset class’s most zealous evangelists was that it was, in effect, a proxy rates product rather than part of the credit world.
Corporate Hybrid Capital Roundtable 2007
After initially encountering a number of false starts, the European hybrid capital market has become an established and welcome addition to the capital structure for many corporates. While the €6bn of public issuance in 2006 fell slightly short of volumes seen the previous year, many analysts had expected a bumper crop of supply in 2007, consistent with an increase in M&A activity in the second half of last year.
CDOs Roundtable 2007
Eight key players involved in European CDOs recently gathered to talk about the impact of this summer's liquidity crisis and how the CDO and wider securitisation markets are likely to change.
European Leverage Finance Roundtable 2007
The speed in which the heat has gone from the leverage finance market has left most participants reeling. Indeed, had IFR held this roundtable prior to the summer then the conclusions would have been very different.