Capital markets - United States archive

Channel correspondent


Deal analysis

  • CoCos: investor preferences assessed

    18 April 2013

    With contingent convertibles set to be a key capital instrument of the future, it’s crucial for investors to understand what to focus on when assessing different features

  • Vitro reorganisation prompts new clause in debt offerings

    14 March 2013

    The restructuring proceedings of Mexican glassmaker Vitro concluded with an unusual settlement agreement last week. Counsel have responded by clarifying the rights of creditor subsidiaries in new debt instruments

  • Fage Dairy: The bond documentation that de-risks the eurozone

    14 February 2013

    Fage Dairy's bond offering has inspired a financing template that aims to protect investors from eurozone investment risk. IFLR explains the deal's key innovations

  • Reg AB requirements quirks analysed

    31 January 2013

    If finalised as proposed, Regulation AB would bring loan level data transparency to the US securitisation industry. But market participants say tweaks must be made to the proposal for the industry to continue its recovery

  • How Banco Santander Mexico listed in the US

    25 January 2013

    Banco Santander Mexico became the first Mexican bank to list on the NYSE when it completed its $4.1 billion IPO last September. There was another first that most observers failed to notice, though

  • How to structure Latam hotel Reits

    12 December 2012

    The first lodging Fibra was offered by GDI Group on November 29. Here's why it's a game changer for the Mexican Reit market

  • US private placement market opens to Latam projects

    08 November 2012

    A first-of-its-kind private placement has linked US institutional investors with Brazil’s project market – and revealed them to be a perfect a match

  • Softbank’s investment in Sprint Nextel explained

    24 October 2012

    Softbank’s $20.1 billion investment in Sprint Nextel is the largest US inbound acquisition by a Japanese company. And it allowed the target to remain a public company

  • More Thai corporates to tap US-dollar markets

    19 October 2012

    PTT Global Chemical’s $1 billion bond listing on the Singapore Exchange is the largest single-tranche US dollar bond offering by a Thai corporate. And there are more to come

  • How the US Jobs Act helped Man U offering

    16 August 2012

    Deal counsel explain how last week's Manchester United initial public offering on US exchange took advantage of the US Jobs Act

  • How the new TMX was created

    09 August 2012

    Canadian securities trading will never be the same now that a consortium of investment companies has taken private the Toronto Stock Exchange and associated entities. It creates real potential for conflict, but new efficiencies abound

  • RBC's covered bonds first explained

    08 June 2012

    Here's how Royal Bank of Canada's first US-registered covered bonds offerings was structured

  • Why LatAm covered bonds are set for US

    11 May 2012

    The first attempt by a Latin American issuer to tap US covered bond investors reveals what’s needed for the region’s banks to penetrate the market

  • How Lehman emerged from Chapter 11

    21 March 2012

    Derivatives creditors of a Lehman Brothers Holdings (Lehman Brothers) subsidiary agreeing to a smaller share of distributions than they might have recovered through litigation paved the way for the bank’s landmark exit from Chapter 11 bankruptcy

  • The “banking lottery” post-Lehman’s client money case

    07 March 2012

    The UK Supreme Court’s ruling in the Lehman Brothers International Europe (LBIE) client money case highlights the tensions of a legal framework that must deal with both sophisticated financial institutions and ordinary retail investors

  • Low coupons and financing spillover drive US high yield

    03 February 2011

    The volume of high yield issued in the US reached a record high in January. Lawyers say this was driven by two things: more corporates taking early advantage of low coupons to refinance debt maturing from 2012, and a spillover of acquisition financings started last year

  • Nordic covered bond first exploits US regulatory gap

    04 November 2010

    There’s still no regime for covered bonds from US issuers. Instead, Nordic banks are tapping the market with debut 144A sales

  • First rights issue from China into US

    16 April 2010

    China Merchants Bank has become the first Chinese company to do a rights issue to US investors. Its lawyers explain how

  • HK first establishes disclosure for US issuers

    01 November 2009

News analysis

  • Basel and Dodd-Frank clash over definitions

    17 Sep 2010

    US regulators must consider the Dodd-Frank Act as they prepare for new Basel III capital requirements. Questions remain as to how the global rules will interact with the domestic legislation

Channel correspondents