Owen Wild is Deputy Editor of International Financing Review based in London. He joined IFR in 2004 as a reporter and has since worked across Equities, Structured Equity and Derivatives sections as both reporter and editor. Prior to becoming deputy editor in 2010, he had global responsibility for IFR’s ECM coverage. Before joining IFR, Owen covered foreign exchange markets. Follow Owen on Twitter @IFR_Owen
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Hopes that the IPO of Societe des Ciments de Ain El Kebira (SCAEK) would continue the rapid expansion of the Algiers Stock Exchange have been dashed by a lack of interest.
Rabobank is the latest European bank to outsource its equities function to Kepler Cheuvreux, though the emphasis is on the move increasing the bank’s reach rather than it cutting costs.
Construction company BAM’s subordinated convertible bond last week tested investor appetite for higher risk product, after buyers have enjoyed a steady stream of investment-grade paper over recent months.