News
Hybrids on track in the US
Bankers predict hybrid capital volumes to intensify this year and reach as much as $65 billion
S&P predicts greater sovereign rating demand
Ratings on emerging market sovereigns will be a growth area, says the agency
Hedge trade error costs Nordea EUR20 million
The incorrect hedge registration by a trader went unnoticed for several weeks
Lehman launches high-yield loan index
The move is in response to the growth of high-yield floating-rate leveraged loans
BAA bondholders win covenant concession after takeover bid
Buyout talk prompts BAA bondholders to demand - and gain - a change-of-control clause in new bonds
BoA re-aligns loan assignment fee structure
The changes bring the bank in line with other major banks in waiving certain fees
Isda issues follow-up to Novation Protocol
The Novation Protocol II differs from the original in being open-ended
Hedge funds preoccupy ABS West conference
The main debate concerned the growing role of hedge funds in securitisation
Capital markets bodies form single association
The ICMA, BMA and Isda are joining forces to create the Global Capital Markets Board