Owen Wild is Deputy Editor of International Financing Review based in London. He joined IFR in 2004 and in the past seven years has 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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Structured equity bankers were left asking what damage repeat issuer Seadrill has done to its future equity-linked issuance after ruthlessly inflicting unnecessary losses on its bondholders. Concerns also extended to the fallout for the rest of the John Fredriksen empire, which has been a prolific i
French engineering consultancy Assystem is the first European firm to secure 100% equity credit for a convertible bond under IFRS accounting from its auditors, trumping the earlier efforts of firms including Volkswagen and ArcelorMittal.
Fears that US banks would be frozen out of Russian capital markets because of US government sanctions were eased last week as an American trio were employed on the privatisation of Moscow Exchange. Most significant was the inclusion of JP Morgan in the Rbs16bn (US$467.4m) accelerated bookbuild as the bank led, with Morgan Stanley, Ukraine’s US government-backed bond in May.