News analysis

  • Markets told: banks don't know what they're doing

    31 May 2007

    Central banker Alexandre Lamfalussy challenged banks and their advisers to tackle a system he labelled a "fertile breeding ground for excessive risk taking"

  • China debt change inadequate

    30 May 2007

    In a move designed to boost the country's corporate debt market, China is set to triple its quota for long-term corporate bonds

  • New China bankruptcy framework

    30 May 2007

    In a change that will see foreign lawyers take over from public officials, China's new bankruptcy law comes into effect this week

  • China catches convertible fever

    24 May 2007

    Evidence that China has now fully embraced the convertible bond market, Greentown China completed a $300 million issue

  • Loan derivatives index launches

    24 May 2007

    In a move which was said to be the "single most important development in the derivatives market this year," the US Loan Credit Default Swap Index (LCDX) launched on Tuesday

  • Unique Indonesian high-yield offering

    23 May 2007

    In a deal featuring a unique covenant package, Sidley Austin advised the underwriters on Indo Integrated Energy's $250 million high yield offering in Indonesia

  • New York counsel absent from mega-offering

    22 May 2007

    In a deal demonstrating the shifting preferences of emerging markets issuers, Russian bank VTB completed its $8 billion initial public offering

  • 3i offshoot to list in London

    16 May 2007

    Private equity firm 3i is launching its own closed-end investment company on the London Stock Exchange, in what will be the biggest such fund in Europe and will blur further the distinction between private and public markets

  • A new OpenIPO: brokers copy the Google model

    09 May 2007

    Interactive Brokers' initial public offering uses a distribution method that differs from that traditionally used in public offerings

  • Academics buck the trend: New York is not less competitive

    09 May 2007

    Research shows that companies listing in New York enjoy unique governance benefits, even as London gains foreign listings

  • Credit derivatives could undermine restructurings

    09 May 2007

    The UK's Financial Services Authority (FSA) is reviewing with concern the impact the explosive growth of the credit derivative market could have on future bankruptcies

  • London imposes quality control on foreign listings

    09 May 2007

    New FTSE guidelines mean that foreign companies listing in London will have to promise to meet UK corporate governance and investor protection standards before they are allowed onto the market

  • Creditors win minority protection in structured finance

    01 May 2007

    The Privy Council has ruled that investors may use minority protection laws even where those investors are also creditors

  • First microfinance offering from Latin America

    01 May 2007

    In a deal reflecting the growing prominence of microfinance institutions, Mexico's top microfinance bank, Banco Compartamos, completed its initial public offering