News
Industry unites against FSA's benchmark pricing proposal for MiFID
FSA plans to impose a benchmark-based pricing system on dealer-led markets have been savaged within the industry. The main objections revolve around liquidity
GUS bondholders demand improved deal
The impasse that has followed bondholders' rejection of GUS's offer to repay its outstanding £350m bond at par hinges on whether the retailer has technically defaulted on the deal terms
Primary markets buoyed by bumper summer
Strong supply levels during August have forced a reappraisal of new issuance estimates for 2006, but an increasingly attractive syndicated loan market may counteract this trend