October 2004
Capital raising poll 2004: Lead banks sit pretty atop volatile market
by David Skalinder, Mark Brown,
Global financing 2004:
Borrowers want it all | Capital raising results tables
FREDERIC DESCLAUX IS complaining about hiccups. He hasn't got them. The debt markets have.
"The market has fantastic peaks," says SG CIB's joint head of fixed income and derivatives for Europe and Asia. "If you take the first full week in September, the Thursday was incredibly active. Then on Friday everybody was watching TV."
Sudden bursts of activity interrupting periods of stasis have characterized the debt markets this year. January and February were dominated by sovereign, supranational and agency borrowers; late August and September by financial institutions. Not much happened in between.
On the first day of last month, HSBC launched a lower tier two deal that was, at €2 billion, the largest such issue ever in Europe. The same week, ABN Amro launched a €2 billion senior FRN, and UniCredito Italiano priced a €500...
You must be a Level 2 subscriber to access this content.
If you are a level 2 subscriber, please log in now to view. Enter your username (email address) and password at the top right-hand side of euromoney.com.
To upgrade to level 2, please contact the hotline: +44 (0)207 779 8999.
If you have yet to subscribe, please do so now to access this content.
Subscribe online now and save up to 30% on your subscription. You may also subscribe by phoning our hotline on +44 (0)207 779 8999.
Learn more about the benefits of a subscription to euromoney.com.
If you are a trialist or subscriber, please enter your username and password at the top right-hand side of euromoney.com
Subscribers to Euromoney benefit from:
Level 1:
- Online access to the past 12 months content
- Tailored RSS news feeds direct to your desktop
- News delivered directly to your mobile device or PC
- Personalised email newsfeed of 'Top stories' and 'Breaking news'
Level 2:
- Exclusive access to euromoney.com - Read the latest issue early online, search for specific developments by region or sector, interrogate the results of Euromoney's benchmark polls, and view the archive dating back to 2000
- 12 monthly issues of Euromoney magazine
- More than 30 specialist research guides free
- The results of Euromoney’s polls and surveys
- Tailored RSS news feeds direct to your desktop
- News delivered directly to your mobile device or PC
- Personalised email newsfeed of 'Top stories' and 'Breaking news'
Click here to subscribe