Posted by Andrew Nussbaum, Steve Cohen, and Karessa Cain, Wachtell, Lipton, Rosen & Katz, on Saturday, February 8, 2020 Editor's Note: Andrew J. Nussbaum, Steven A. Cohen, and Karessa L. Cain are partners at Wachtell, Lipton, Rosen
Environmental, social and governance investors have been patting themselves on the back this year because their funds have tended to outperform during the coronavirus crisis. But a San Francisco hedge fund believes they are doing
The end of government control of Fannie Mae and Freddie Mac drew one step closer this week, but a US Supreme Court ruling on the leadership structure of the Consumer Financial Protection Bureau (CFPB) raises
Unrated Swiss private railway operator Rhätische Bahn, owner of the UNESCO World Heritage-listed Bernina railway, made its second stop in the Swiss franc bond market this week, four years after its debut deal.
A survey by Deutsche Bank this week challenged the consensus that investors' interest in environmental, social and governance funds has been intensified by the coronavirus crisis. On the contrary, it argues: appetite has weakened.
The huge demand seen for ThyssenKrupp Elevator’s buyout financing, the largest bridge loan left on banks’ books through the Covid-19 crisis, should reassure credit committees and capital markets operators that the LBO market is wide
NRW.Bank’s inaugural social bond sparked a flurry of 15 year trades this week as a flattening French curve and the positive yields on offer helped spur on demand, with three issuers opting to follow the
Belgium returned to the MTN market in euros on Tuesday with a 60 year note — its first private placement in the currency for over 18 months.
Banks have launched the buyout funding for Lone Star’s purchase of BASF Construction Chemicals into market, as the storming execution of ThyssenKrupp Elevator shows the discount banks must take to exit pre-Covid positions is rapidly
Philip Hertlein resigned from his job as head of SSA syndicate and origination at LBBW on Tuesday. In his absence, the team has been bolstered by Oliver Franke, who joins the bank from Crédit Agricole.
Shanghai Clearing House’s plan to show issuers a full list of their investors is causing alarm among some syndicate bankers — who admit to using highly questionable bookbuilding practices to impress their clients. Rebecca Feng
Banks backing Cinven, KKR and Providence’s take-private of MasMovil have boosted the size of the euro loan tranche in the market this week by €500m, cutting down the planned bond which will fund the remainder
Hong Kong has been my home for two decades, and there is so much I love about it — its vibrancy, the food, the people, and above all, the low tax rates.
Syndicate bankers are scrambling to make sense of the covered bond market, where sentiment has been changeable in recent weeks. Amid volatility and small issuance windows, sustainable bonds have proven a safe strategy to ensure
Hong Kong’s IPO market had one of its busiest periods in years this week, with more than 10 live deals vying for investor attention. But bankers in the city are concerned by the ECM market’s
Chinese social media platform Weibo Corp returned to the dollar market on Tuesday with a 10 year bond.
A long-running attempt by Chinese oil company Hilong Holding to complete an exchange offer on a dollar bond has failed, after it confirmed a default this week. The situation has caused analysts to speculate on
The Republic of Indonesia returned to the yen market this week for its annual Samurai bond outing, raising ¥100bn ($930m).
Chinese policy makers have finalised rules on how to deal with corporate bond defaults, with the regulation to go into effect next month.
TD Securities has hired Sophie Dejonckheere as a director in its sustainable finance team in London.
