A new phase for Tase
Investors are complaining that documentation for high yield bond deals has become increasingly opaque and poorly structured, making it difficult to gauge the level of risk. Will the glut of high yield supply that is set to hit the market over the coming...
An increasing number of European companies are moving their operations abroad to avoid punitive bankruptcy regimes, leaving bondholders at a disadvantage.
Market participants have warned an increasing number of European high yield bond offerings are accompanied by unclear – even misleading – documentation.
Refinancing risk dwarfed by Solvency II’s impact on insurer appetite for corporate debt
Investors in Chinese corporate bonds may struggle to recover their money in the event of a bankruptcy, according to FS Asia Advisory.
Illiquidity in corporate bond markets make it hard for firms to generate index-like returns
The head of capital markets at KfW, Horst Seissinger, explains how building long-term relationships with investors has helped the bank achieve its funding targets even during periods of extreme volatility in the financial markets.
Investors in bank subordinated debt and hybrid securities could be exposed to elevated credit risks if regulators push ahead with proposals whereby creditors bear losses before public sector support is given, says Fitch Ratings.
Economists warn fiscal belt-tightening in Europe may exacerbate imbalances in the global economy, leading to sluggish growth and excess liquidity in government bonds.
The world is watching nervously as sovereign debt is rocked by fiscal and economic crises in the eurozone.
As oil continues to spill into the Gulf of Mexico, analysts have warned there is little investors can do to hedge against the risk of disasters on the scale of the Deepwater Horizon incident.
The Lombard Street Research chairman tells Credit the German economy is far weaker than has been supposed.
The credit bull run of 2009 is a footnote in history. But discerning fund managers are finding there is still value to be had in credit; the challenge is picking the right names.
Sound economic fundamentals have meant South Korea’s sovereign bond yields have remained low despite the political standoff on the Korean peninsula.
Bond investors are looking to the relative safety of Poland and the Czech Republic as the Eurozone debt crisis takes toll on eastern Europe’s smaller economies.
Dealers reassured that Bafin short selling ban will not prevent pre-hedging of debt purchases
As governments across Europe announce austerity measures designed to rein in deficits, sovereign and corporate bond investors are divided over the scale and timing of the cuts.
New issue distribution is not a fair deal for bond investors because the syndication process is so opaque
US high yield issuance has soared in the past year, but an imminent wall of refinancings is raising longer-term concerns.