Deal analysis

News analysis

  • IBA Annual Conference: the full coverage

    23 Oct 2014

    IFLR has been at the IBA's Annual Conference in Tokyo this week, producing its daily newspaper. Here's the full coverage

  • European high yield’s future battlegrounds

    15 Oct 2014

    The past 12 months has seen ferocious covenant negotiation. And it’s laid the groundwork for more issuer-investor tussles in 2015

  • Reality bites for new high-yield issuers

    15 Oct 2014

    The record number of European companies tapping the market for the first time are hitting hurdles in preparing prospectuses and finding secondary market liquidity

  • Portability: clause without a cause?

    14 Oct 2014

    Market participants have queried whether portability provisions in high-yield actually provide the issuer any benefits

  • Hong Kong's dual-class dilemma

    10 Oct 2014

    The HKSE released a concept paper on dual-class share structures only weeks before Alibaba’s US IPO. Shearman & Sterling's Jayesh Wadhwani asks whether the exchange must allow these structures to remain competitive

  • Cost cutting in post-trade compliance

    09 Oct 2014

    It’s well-known that the costs of compliance are increasing. But the post-trade area poses several risky – and potentially expensive – areas that market participants cannot ignore

  • Poll: Europe's capital markets union

    09 Oct 2014

    IFLR's Quick Poll this month asks what should be the EC's priority in establishing a capital markets union

  • Bidders’ dilemma under UK Takeover Code changes

    07 Oct 2014

    Proposed changes to the rules governing UK public takeovers set out a strict new regime that requires bidders to think carefully about the promises they make during a takeover battle

  • Straw calls for capital markets union rethink

    07 Oct 2014

    Jack Straw has called for a rethink of the EU’s capital markets union to change City eurosceptics’ antipathy towards the project

  • Venezuelan debt restructure 'inevitable'

    01 Oct 2014

    Despite continued guarantees that it will make payments on its sovereign bonds in October, experts say a Venezuela default or restructuring process is inevitable.

  • Limited success for HKEx diversity rules

    24 Sep 2014

    Diversity requirements introduced by the Hong Kong Stock Exchange one year ago have had little effect, a new study has revealed

  • The challenge of Australian dual tracks

    18 Sep 2014

    Strong equity markets have prompted sellers to consider parallel exit routes. But as By Herbert Smith Freehills' Philippa Stone and Nick Baker explain, running two deals at once prompts legal challenges

  • Barriers to Reit spin-off success

    10 Sep 2014

    Windstream Holdings' spin off of assets into a publicly traded real-estate investment trust marks the US's fourth tax-free Reit spin-off in less than two years. But regulatory burdens could prove problematic for other deals in the pipeline

  • Vietnam ETF first highlights ECM interest

    04 Sep 2014

    The IPO of Vietnam’s first domestic exchange-traded fund shows that foreign investors have revived their interest in the capital markets

  • ICMA updates clauses for sovereign restructures

    03 Sep 2014

    The International Capital Market Association has published updated collective action clauses and a new standard pari passu clause for sovereign debt securities

  • Which European covered bond disclosures must improve

    03 Sep 2014

    A report on European covered bond practices has identified shortfalls in the disclosure of structural features

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