Archive

News analysis

  • Kuwait goes it alone in project finance

    25 Jul 2007

    In the first all-domestic Kuwaiti project, a consortium has closed the financing for a $2 billion chemical plant.

  • Put up or shut up: KKR keeps cov-lites

    25 Jul 2007

    Private equity firm Kohlberg Kravis Roberts (KKR) took a stance against current trends in the debt market this week, refusing to renegotiate its highly favourable loan terms with Wall Street.

  • The first renminbi bond in Hong Kong? Or not?

    25 Jul 2007

    In a regulatory quirk, it turns out revenue from China Development Bank's (CDB) Rmb5 billion ($660 million) bond (the first renminbi-denominated bond issue in Hong Kong) actually went straight back to China.

  • Tripoli sees first share block sale

    25 Jul 2007

    The privatization of Sahara Bank by the Libyan Central Bank has resulted in the debut share block sale on the Tripoli Stock Exchange

  • US firms share $53 billion merger

    25 Jul 2007

    In deal set to produce a substantial debt issue, Skadden Arps and Latham & Watkins are acting on Transocean and GlobalSantaFe's mega merger.

  • Bear's fund meltdown sparks litigation fears

    18 Jul 2007

    Investors are voicing their anger at Bear Stearns as the bank today revealed its two beleaguered hedge funds had been hit worse than the market expected

  • Dubai market sees its first tender offer

    18 Jul 2007

    In a deal containing the first public takeover offers for companies listed on the Dubai Financial Market, Emirates Bank International and National Bank of Dubai are set to merge

  • London in the Gulf: Qatar's new single regulator

    18 Jul 2007

    As part of the county's push towards an international, common law legal system, Qatar has announced it will unify its regulators into one supervisory body.

  • London launches new hedge fund exchange

    18 Jul 2007

    In a bid to attract more private equity and hedge fund listings, the London Stock Exchange is to launch a new lightly regulated market for issuers of specialist funds in November

  • Belgium undermines Prospectus Directive

    11 Jul 2007

    New Belgian rules on primary market practices could dirty the waters that the Prospectus Directive has just clarified.

  • Cold feet send cov-lites cov-loose

    11 Jul 2007

    Signs of a pushback against covenant-lite loans have begun to emerge as several covenant-lite deals came unstuck last week.

  • India breaks equity records

    11 Jul 2007

    Despite fears over a lack of legal market reform, India has witnessed its largest-ever initial public offering (IPO) and equity offering from DLF and ICICI Bank, respectively.

  • Khazanah's debut to open up Dubai

    11 Jul 2007

    Khazanah's successful second exchangeable sukuk could open up Dubai's International Finance Exchange (DIFX) for future Islamic bonds, following the $850 million listing.

  • SEC proposes capital raising reforms

    11 Jul 2007

    In changes designed to reduce costs of capital and increase liquidity, US regulators are set to reduce the regulatory burden imposed on smaller companies.

  • Cov-lite lenders beware: FSA slams subprime

    04 Jul 2007

    The UK's Financial Services Authority (FSA) today criticised mortgage lenders and intermediaries for their negligence in the subprime mortgage crisis.

  • US private equity opens for public capital

    04 Jul 2007

    Private equity appears to be shrugging off legislative attention and credit speculation as KKR files for a proposed initial public offering.

  • US reveals appetite for Islamic finance

    04 Jul 2007

    Shariah finance showed further signs of cracking the US market this week as DP World closed a $5 billion medium term note programme and $1.5 billion sukuk – with American investors vying for stakes in the deal.

  • Final release for bonds

    01 Jul 2007

    China frees up corporate issuance

  • Capital markets

    01 Jul 2007

    Dual-tracks are now the norm

  • External counsel

    01 Jul 2007

    Rule 144A is our biggest cost

  • New private property

    01 Jul 2007

    The exchanges offering SEC relief

  • Elusive certainty

    01 Jul 2007

    Implications of Donegal v Zambia

  • Market goes native

    01 Jul 2007

    Harnessing growing Kauri appetite

  • London's scheming

    01 Jul 2007

    The benefits of flexibility

  • They're playing with fire

    01 Jul 2007

    Do funds ever read offering documents?

  • Built on shifting sands

    01 Jul 2007

    Dubai is handicapped by its strata of laws

  • All encompassing

    01 Jul 2007

    Expect Islamic versions of insurance and hedging in project finance