Change font size:   

 
Special focus: Sub-prime and leveraged loans

Special focus: Sub-prime and leveraged loans

Follow the buildup to today's subprime and leveraged loan problems.

FX poll 2008:

FX poll 2008:

FX moves to centre stage

November 2006

Hybrid capital: set to be big in Japan?

Investment banks in Japan are preparing to compete for a share of the lucrative market for corporate hybrid capital issuance that they hope will develop following retailer Aeon’s pioneering 50-year security.




Koizumi, Goldman Sachs: “corporates have got excited about this new capital structure”
Foreign houses that have international experience in structuring these complex instruments will have an early advantage, with bankers at several rival houses confirming the suspicion that Goldman Sachs did the bulk of the work on the Aeon deal, with co-lead Mizuho being less directly involved. The market is not taking off at the speed some had hoped for, however. Despite sustained pitching to companies that could benefit from the cheap equity credit that hybrids provide, no further deals have materialized.

“Everyone is talking about this new market,” says Ken Koizumi, managing director in debt capital markets at Goldman Sachs. “Moody’s and...


This is archived content. Your current settings does not currently allow access to the archive. To gain access visit the subscription page or call our hotline on +44 (0)207 779 8999.


Subscribe

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




Ruromoney Jobs Post a job