◆ Supranationals speak on callable capital ◆ Bank funding: pricing reset ◆ The demise of the cornerstone investorAs the great and the good of the development finance world gathered in Washington, DC for the World Bank/IMF Spring Meetings, multi

Holy mountain mama: 'nuns on rampage' as W Virginia bans banks in ESG escalation

11 days ago 47m 53s

◆ Why everyone from nuns to pro-coal US state treasurers are giving banks stick over ESG ◆ El Salvador's punchy new debt structure ◆ Appetite for duration in covered bondsWest Virginia: almost heaven unless you're on state treasurer Riley Moore

Do banks’ right hands know what the left is doing?

17 days ago 39m 27s

◆ Do investors want unified capital markets coverage? ◆ Corporates fear democracy ◆ Why are FRNs trending? ◆ Second lien mortgages in arrears ― yes pleaseBanks’ urge to cut costs in debt capital markets, especially syndicate desks, is prompting

Does experience matter on syndicate desks?

26 days ago 47m 21s

In the second part of GlobalCapital’s exploration of how bond syndicate desks are changing, after a swathe of the discipline’s senior bankers have been made redundant, we discuss the syndicate job itself.Technology and market transparency have

Can it really get any better than this?

Mar 22nd, 2024 53m 22s

◆ MUFG's Del Canto and SG's Menzies on what comes next for capital markets ◆ The juniorisation of syndicate desks ◆ Two deals pulled despite fantastic marketsIt was only a few months ago that GlobalCapital asked more than 50 of the bond markets

Why everything works in credit and how the Gilt market is changing

Mar 15th, 2024 32m 37s

◆ The UK is about to embark upon a new, higher funding remit with a key part of its investor base dwindling ◆ Why the FIG bond market is so strong and why it will stay that way ◆ If investors are still leaving EM bond funds, who is buying recor

Banks told to stop ratio wrangling, Shein IPO dilemma and Israel bonds

Mar 8th, 2024 35m 30s

◆ Basel gets tough on banks gaming ratio regs ◆ Fast fashion ESG dilemma for London ◆ What drove Israel's record dollar dealThe Basel Committee that supervises banks has unearthed evidence that some of the most important banks are window dressi

Retail, real money and Ramadan

Mar 1st, 2024 44m 47s

◆ The consequences of sovereign retail bonds ◆ Asset managers alter covered bond landscape ◆ Ramadan drives Gulf deal surge ◆ One word: plasticsAs the UK took a step towards including greater retail investor participation in its Gilt auctions,

Is regulatory mayhem throttling Europe?

Feb 24th, 2024 35m 4s

◆ Markets plead for regs pause ◆ Barclays' new strategy ◆ Middle East ECM to take it up a gearOn the one hand, the EU wants a Capital Markets Union that will make the bloc a single pool for financing to compete with the US or China. On the othe

African default risk after Kenya, Japan lays transition pathway

Feb 16th, 2024 40m 13s

◆ Kenya deal ducks default but two more countries in crosshairs ◆ Transition finance after historic Japanese bond sale ◆ How the IPO revival is a boon for the loan marketKenya may have averted fears of default by raising fresh money this week b

Time for the FIG market to get real (estate)

Feb 9th, 2024 51m 3s

◆ Primary market for banks flying but will property burst the bubble? ◆ Japan to debut transition bond as SLLs fall out of favour ◆ Kenya back in bond marketThe bond market for bank issuers goes from strength to strength. Any trade seems possib

Making bond market history

Feb 2nd, 2024 37m 25s

◆ The first of a new asset class in SSA debt ◆ Full inspection of AfDB's landmark deal ◆ A power shift in the European CLO marketYears in the making, the first publicly sold hybrid deal from a multilateral development bank arrived this week. Th

Banks sued over climate as African govvies return

Jan 26th, 2024 38m 52s

◆ Are lawsuits about funding polluters the next big risk for banks? ◆ Sub-Saharan Africa issuance returns... ◆ ... but will any follow Ivory Coast's lead?The Dutch branch of Friends of the Earth is suing ING over its roll in financing pollution

Fast money, front-loading and FOMO

Jan 19th, 2024 28m 9s

◆ Records smashed in primary markets but what's driving it? ◆ Why order books are so swollen ◆ Rampant demand but companies want to cut hybrid debtIssuers and investors may agree that this is not a perfect market by any means, but that is not s

Sterling bonanza for corporates and SSAs

Jan 12th, 2024 51m 33s

Amid all the records being smashed across primary bond markets this week, one could be forgiven for missing what has been happening in the sterling bond market. But fear not; we were all over it. From remarkable debut deals from corporate issue

It's all kicking off

Jan 5th, 2024 44m 3s

◆ SSAs throw etiquette out of the window in rapid start to year ◆ Banks blind-sided by sudden correction ◆ Mixed fortunes for corporate issuersThe first few days and weeks of January have always been a critical time for capital markets issuers

GlobalCapital's Review 2023 | Outlook 2024 podcast

Dec 15th, 2023 50m 4s

◆ What the most senior debt bankers in the world are worrying about for next year ◆ Who's eating Credit Suisse ◆ If a property company falls in the forest and doesn't make a sound...One of the very biggest investment banking stories this year w

Milei, Macro and Mexico

Dec 8th, 2023 44m 53s

◆ Latin America’s bond markets at an (interest rate) inflection point ◆ Who’d be a primary dealer? ◆ What price briiiiidge loans?As GlobalCapital launches the poll for our first dedicated Latin America Bond Awards, our podcast takes a deep dive

German SSAs face funding uncertainty

Dec 1st, 2023 19m 31s

◆ German court ruling may hit Bund issuance in 2024◆ KfW and Länder funding may also be affected◆ Banks and borrowers shrink loan syndicatesThe German constitutional court has rocked the country's public sector borrowers just as they finalise t

Dude, where's my greenium?

Nov 24th, 2023 36m 21s

◆ Do green bonds still offer enough reward for issuers? ◆ Crédit Agricole's nuclear option ◆ Banks rush to offer better terms to sub-IG companies Two sovereign issuers recently complained that the pricing advantage of doing a green bond rather

Bond investors bolster Israel coffers

Nov 17th, 2023 40m 39s

◆ Israel has been loading up on bonds since Hamas attack ◆ Is the SLB market about to come of age? ◆ A fresh innovation in corporate lendingIsrael has issued almost $5bn worth of bonds since the end of September, an unusual spell of activity fo

Transatlantic securitization: taking off or final flight?

Nov 10th, 2023 41m 51s

◆ US RMBS sales in Europe: immigration or vacation? ◆ UBS AT1 makes nonsense of claims of investor fears ◆ The EU's last hurrah in the SSA marketConcorde and supersonic air travel may be the most famous things that were once yet are no longer t

Capital Ideas — The EIB podcast: Financing the climate transition

Nov 6th, 2023 20m 58s

Sustainable finance has become a huge market, with issuers all over the world having sold more than $2 trillion of green bonds. Yet the climate emergency is still getting worse. Finance is committed to aligning with the Paris Agreement, but is

Capital Ideas — The EIB podcast: Financing development in North Africa

Nov 6th, 2023 16m 30s

North Africa is one of the most important regions for the European Investment Bank’s financing outside the EU, and one where it sees great potential for funding sustainable development.In this special podcast supported by the European Investmen

The long and winding road to debt relief

Nov 3rd, 2023 42m 49s

◆ The Beatles may have a new, if that is the right word, song but one of their classics sums up Zambia's debt restructuring best ◆ The bank treasurer's dilemma ◆ A new index for the covered bond marketTo say Zambia has had a convoluted route to