Credit - 2005-10-01
Articles in this issue
Axa IM launches two synthetic CDOs
US residential mortgage-backed securities make up one CDO; the other contains CDS
Easy money
Duncan Sankey on why we should take LBO statistics with a pinch of salt
Riskpremiums
Chart of the month
Asia comes of age
Regional focus
Investment grade
Liquidity surveys: Euro
Talking point - The price of oil and its effect on credit
The devastation wrought by Hurricane Katrina has pushed oil prices to highs of nearly $70/bbl. Credit asks market participants what impact this spike in prices has had on the credit market
High yield
Liquidity surveys: Euro
Fund manager sues GM for 'misstating' revenues
Elsewhere, Fiat moots first high-yield bond since its 2002 downgrade
Trouble in paradise
Bondholder Rights
Healthy outlook for hybrids
The hybrid pipeline is benefiting from an increase in planned M&A activity across Europe
Cashflow CDOs contain more CDS, says Fitch
The rating agency reckons around 30% of the collateral in recent CDOs is synthetic
Garland Hansmann
Profile
Under Scrutiny - Regulators focus on credit
Regulation
Inside Close Brothers
Profile
Hurricane Katrina blows up a storm for insurers
The cost of the hurricane is estimated at between $25bn and $60bn
East meets West - Asia's hunger for Latin American perpetual bonds
Emerging markets
Dan Gardner
Q&A
Legal spotlight
Neil Weidner, capital markets partner, and associate Anthony Dearing at Cadwalader, Wickersham & Taft in London look at the shifting legal framework for UK hedge funds
Credit default swaps
Back to basics
The credit congress USA
The annual Credit Congress hosted by Credit magazine in New York on September 19-20 took the theme 'Innovations in CDO Structuring and Trading'. Below is a selection of the Congress highlights. Reports by the Credit team
Pension funds swoop on swaps
Pension fund strategies
