Credit - 2006-06-01
Articles in this issue
Street Cred - Judgement day
Our new US column, StreetCred, suggests there may soon be a day of reckoning for the structured credit market
Abstract assets
Securitisation based on new, previously unexploited assets, is a growth industry, expected to double in size by the end of 2006. Sarfraz Thind reports on how issuers are getting smarter at applying existing tools to new areas
Greenspan 'appalled' by credit derivatives processing failings
Former Fed chief hits out at sloppy CDS documentation procedures
Building a market for credit options
Calls to improve efficiency in credit options trading are intensifying as the market continues to mature. Hardeep Dhillon looks at a recent initiative by Icap which brought together market participants to discuss dealers' proposals
Spreads on leveraged loans
Marketgraphic
Eurobond issuance picks up
The pre-World Cup month of May sees a six-fold rise in Eurobond issuance
Pimco unveils long bonds fund
The fund may interest pension investors seeking to match long-term liabilities
Is the light fading at the end of the Eurotunnel?
Bondholders reject Eurotunnel's debt restructuring plan
Pierre-Emmanuel Juillard
The head of structured finance at Axa Investment Managers in Paris explains his investment philosophy to Hardeep Dhillon
Back to basics
We take you back to the credit basics to review everything you thought you already knew but were too afraid to ask..
Asian CDOs set to rise
No adverse effect on synthetic CDOs from the bankruptcy of Dana Corp
Swiss Re hybrid gets equity classification
Surprise decision from insurance regulator fails to dampen demand
Catastrophe bonds
Talking point
High yield
Secondary market liquidity
Moody's upgrades Indonesia
The move coincides with a $125m issue from local cocoa producer Davomas Abadi
Isda to include single-name trades in cash settlement
Following six successful credit event auctions, Isda extends the settlement process
Investment grade
Secondary market liquidity
Radical surgery for high-grade research
Regulatory demands to reduce conflicts of interest have seen US banks take the knife to their investment-grade research. So is it a case of 'new and improved' or a botch job? Saskia Scholtes reports
Women in credit
Credit magazine profiles 50 top-achievers working in the global credit markets today
Argentina returns to credit market
Strong economic recovery enables Argentina to issue its first bond since 2001 default
What's the difference between ABS and ABS?
Toby Nangle on the lessons the credit market can learn from a road safety experiment
Winner: Swiss Re
In this month's roundup of innovative deals in the debt capital markets, Swiss Re emerged as the outstanding transaction, followed by Harbourmaster and Woori Bank as runners-up
Ramon Maronilla
Asian local currency bond markets have tripled in size since 1997. Ramon Maronilla, product engineer at State Street Global Advisors in Hong Kong, outlines the steps being taken by Asian governments to promote further growth
Europe braced for GAL default
French logistics firm faces becoming the first European defaulter in over a year
How to avoid the high-yield blow-ups
With spreads at historic tights and default rates set to rise, high-yield investors are nervous. The advice from the experts is to pick your credits carefully, stay in short-dated paper and keep an eye on interest rates. Laurence Neville guides a path…
