SME covered bonds’ dubious future Covered bonds backed by loans to small and medium-sized enterprises will remain a niche product of established issuers from mature markets By Danielle Myles December 03 2013
Momentum grows for EU covered bond regime Industry support for an EU-wide covered bonds framework has grown over the past 12 months, with investors and issuers agreeing that harmonisation would help safeguard the asset class’s preferential regulatory... By Danielle Myles December 03 2013
The covered bond issuers set to adopt pass-through Conditional pass-through and soft bullet structures will come to the fore in next year’s European covered bond market, as issuers look at new ways to deal with short-term liquidity gaps... By Danielle Myles December 03 2013
German ruling creates new public M&A options A recent judgment by Germany’s Federal Supreme Court that makes it easier for public companies to delist is tipped to facilitate take-privates and spur new public takeover tactics By Danielle Myles November 20 2013
Lord Turner’s iron law of banking Every 15 years, one of the world’s banking system extends excessive credit to the real-estate sector creating threats to the overall economy By Danielle Myles November 15 2013
The covenants defining Europe’s HY surge European sponsors are looking beyond portability when negotiating borrower-friendly covenants into high-yield documentation, further bifurcating the private equity and corporate deal structures By Danielle Myles November 15 2013
PIK toggles must improve transparency Credit analysts need clearer definitions in payment-in-kind (PIK) bond documentation to accurately assess deals By Danielle Myles November 15 2013
Project bonds fund construction of French PPP A public-private partnership in France has unlocked the country's institutional investor financing market for greenfield projects By Danielle Myles November 08 2013
EU’s new failing firm defence benchmark Aegean Airlines’ buyout of Olympic Air, the first deal to be blocked and then subsequently cleared by the EU competition authority, has closed By Danielle Myles November 06 2013
The next generation of African PE explained Private equity in Africa is approaching a juncture, with more capital set to enter non-traditional markets and local policymakers looking to harness the investment model to fuel growth By Danielle Myles October 17 2013
