Foreign exchange
Food for fuel
In part II of our investigation into the attraction of 'cleantech' investment, Catherine Lacoursière looks at the growth of biofuel plants, and asks: does the world have enough feedstock to power them?
No cherries left to pick
Selectivity is all well and good when there are viable names to choose from. But what happens when the whole market looks like a negative bet, asks Toby Nangle
iTraxx launches leveraged loan cds indices
The two new indices, LevX Senior and LevX Subordinated, which began trading at the start of November, are referenced to a basket of 35 European leveraged loans
D-day approaching
The day of reckoning in the credit markets (D-day, or Default Day) is looming, says Amy Falls. The question is not if but when and - as importantly - why?
The tools investors use to price securitisations
Evaluating ABS
Jilted Argentina bondholders appeal to World Bank in final throw of the dice
Creditors holding $20 billion in defaulted Argentina bonds are taking their case to the World Bank in an effort to force the sovereign to pay up, or at least return to the negotiating table
A covenant for change
A sharp rise in LBO risk - thanks mainly to private equity funds' groaning warchests - has forced credit investors to look to protect themselves by pressurising issuers to include more robust covenant language in their offerings. So does this mean that…
US managers set the pace in European CLO market
The burgeoning market for collateralised loan obligations in Europe has attracted the attention of large, established US managers, keen to get a piece of the action. So what effect is this influx of transatlantic thoroughbreds having on the European CLO…
Winner: Mobilink
In our monthly roundup of innovative deals in the credit market, we dish out the gongs to Mobilink's trailblazing bond, Lloyds TSB's Arkle RMBS and OTC Bank's hybrid
Is da documentation working?
CDS on CDOs
What's hitting the headlines in Germany's credit market?
The German credit market might be more famous for Mittelstand financing and Pfandbriefe, but recent developments in mezz securitisation and the hitherto unheralded hybrid market have captured the attention of investors and issuers alike. Duncan Wood…
Fitch responds to growth in derivatives by spinning off specialist agency
The new standalone entity, Derivative Fitch, will bring together the rating agency's global CDO and structured credit functions and is headed up by Kim Slawek
Jose Antonio Olavarrieta
The chairman of Spanish securitisation originator Ahorro y Titulizacion gives Credit the lowdown on their recent innovative future flow transaction
Jim Kauffmann
The head of fixed income at ING Investment Management explains to Dalia Fahmy why it sometimes pays to play it safe. He should know: he is in charge of $65bn of investors' cash
Commercial real-estate CDOs
Talkingpoint