Review
Indosat $650m bond success augurs well for Indonesia issuers
A $650 million bond from Indonesian telco Indosat, issued last month, was a record 16 times oversubscribed. What was it about the deal that attracted investors in such numbers?
Deutsche Bank and Standard Chartered issue lower tier 2 paper
Lower tier 2 issues from Deutsche Bank and Standard Chartered in June proved that demand is there for subordinated paper from financial institutions.
Morgan Stanley Jump
Morgan Stanley has issued Jump Securities, a structured products based on the performance of a basket composed of the iShares MSCI Emerging Markets Index Fund and the Dow Jones Eurostoxx 50. Principal is not protected and the upside above the target…
A complex payoff
The Royal Bank of Scotland has created a complicated retail structured product based on volatility for the Australian market and teamed up with National Australia Bank to help with distribution. Capital for the seven-year product is protected at maturity…
China and the renminbi: A Risk.net article collection
The recent financial crisis in the west has presented China with a range of challenges as well as opportunities.
Basel II and Basel III: Top articles from Risk.net
The ink was hardly dry on Basel II when the international financial crisis saw that agreement being ripped up and recreated as Basel III.
Sovereign debt and CDSs: a collection of articles from Risk.net
The world is watching nervously as sovereign debt is rocked by fiscal and economic crises in the eurozone.
Derivatives clearing: a selection of coverage from Risk.net
Derivatives clearing is one of the hottest regulatory topics at the moment around the world.
Product review: Meteor's FTSE 100 kickout
Meteor is offering a standard kickout based on the top 10 UK stocks that promises a 17.5% annual return if eight of the stocks are above their initial level. The six-year product is issued by BNP Paribas and puts capital at risk if the three worst…
Product review: Investec provides ratings choice
Investors can choose between a triple B and a single A rated bank issuer in this five-year rollover plan, and receive different coupon payments on the basis of their choice as long as index levels are above the strike level at product anniversaries
Product review: Risking the first 10%
Gilliat Financial Solutions is offering a six-year income product linked to the FTSE 100 that promises a fixed coupon as well as bonus payments, but only if investors are prepared to put 10% of their capital at risk
Product review: Barclays UK accumulator
Barclays has offered an accumulator product based on the FTSE 100, with lock-ins for every 15% rise in the index subject to a 60% cap. If the index does not trade above a 115% strike level and the 50% protection barrier is breached, capital is not…
Product review: Blue Sky offers downside protection
A six-year growth product from Blue Sky Asset Management that is relatively complex for retail investors. The product links to the FTSE 100 and gives accumulated returns up to an annual cap of 12%
Product review: A Goldman Sachs long player
Goldman Sachs is offering US investors a long play on the S&P 500 as well as some regular coupon income. The annual coupon and long product term provide a considerable buffer before capital is lost. Returns are uncapped, but the eight-year and seven…
Product review: Nordea taps Chinese growth
Nordea Bank in Finland is offering a structured product with exposure to a relatively unusual underlying. The capital-protected, potential growth product is linked to a basket of 10 Chinese companies
Product review: Dunbar Bank's FTSE 100 basket
The unrated Dunbar Bank is offering UK investors a five-year, capital-protected growth product linked to 15 of the largest companies in the FTSE 100. A minimum return is on offer and growth can be locked in at each annual anniversaries
Volatility capped access to funds
ING Bank is offering Swedish investors a product that has the classic benefits of allowing access to an unusual and potentially risky underlying while changing its return profile. The product is based on the East Capital Russia Fund, giving local…
Dutch Trigger
Van Lanschot has issued five-year trigger notes based on the AEX index of the 25 most-traded Dutch stocks. The product offers a minimum of 10% per annum on potential early maturity, although capital is not protected if the 50% barrier is breached at the…
The call and collateralisation
Citi is providing an open-ended structured fund linked to the FTSE 100 index. Investments in the Autocall Fund mature when kickout occurs or when a five-year cycle is completed, and proceeds are reinvested on kickout. The fund is fully collateralised…
Accelerated returns
Morgan Stanley is offering the potential of accelerated returns with an investment in a six-year FTSE 100-linked growth product. The maximum payout is 80% of the initial investment, although capital is at risk
Fast Asian kickout
UBS recently offered investors in Hong Kong the opportunity to invest against the iShares FTSE/Xinhua A50 China Tracker Fund. Capital would have been at risk had the three-month product not kicked out after the first month
