April 2003
| Euromoney April 2003 Things are so tough in investment banking that major institutions are prepared to let award-winning credit analysts decamp to the buy side. Among them are some high-fliers in Euromoney's latest annual credit research poll. Kathryn Tully reports. |
Euromoney April 2003
Commodities are on a roll as equities stumble and bonds reach their peak. But can commodity-based investments offer value for the long term as well as offering temporary relief to embattled portfolios?
Euromoney April 2003
French bank Société Générale needs to take over a rival - or be taken over - if it is to fulfil its promise in the nascent pan-European market. Crucially, it also needs to overhaul and redirect its investment banking business.
Euromoney April 2003
Société Générale chairman Daniel Bouton speaks to Euromoney’s Jennifer Morris about his bank’s performance, strategy and prospects
Euromoney April 2003
Euromoney April 2003
Euromoney April 2003
The strength of Islamists in the ruling AKP lay behind the Turkish legislature’s refusal to bend to US military strategy. The consequences may be dire for the Turkish economy and terminal for the AKP government.
Euromoney April 2003
Euromoney April 2003
With a large trade debt outstanding from Iraq and lucrative oil contracts there hanging fire, Russia’s reluctance to toe the US line is understandable, especially in the context of a broader desire to
re-establish regional ties.
Euromoney April 2003
Gazprom’s recent Eurobond was something of a sovereign surrogate but investors and analysts worry that the money raised won’t do much to hasten the company’s reconstruction.
Euromoney April 2003
Russia’s largest and smallest companies are vastly outstripping in growth the relics of the Soviet system that languish in the middle but employ most of the working population.
Euromoney April 2003
Hungarian privatization has helped place the economy among the best emerging-market performers of the 1990s. However, questions about the transparency of deals reappeared this year.
Euromoney April 2003
The hope is that the EBRD’s annual meeting in Tashkent in May will give a much-needed lift to Uzbekistan’s ailing economy. But relations with multilaterals have never been worse, and the country’s human rights record raises questions about why the meeting is taking place there at all.
Euromoney April 2003
With falling GDP per capita and minuscule foreign direct investment, things could be going better in Uzbekistan. One positive development, though, is the corporate bond market.
Euromoney April 2003
The spectre of a return to Balkan-style politics has raised its ugly head again and threatens to undermine Croatia's recent politico-economic renaissance. Has the country the wherewithal to keep its EU dream alive?
Euromoney April 2003
Hrvoje Radovanic, assistant finance minister and head of funding for the Republic of Croatia, talks to Guy Norton about the country’s borrowing plans for this year and discusses the key drivers behind the strong performance of Croatian debt in recent years.
Euromoney April 2003
President Nursultan Nazarbayev wants Kazakhstan to become a regional capital markets hub for central Asia. But as Guy Norton reports from Almaty, attracting sufficient investor demand will not necessarily be easy.
Euromoney April 2003
Grigori Marchenko, governor of the National Bank of Kazakhstan, talks to Euromoney’s Guy Norton about how the Kazakh banking sector became a model for its neighbours and his plans for the future.
Euromoney April 2003
While many who invested in the collateralized debt obligations market in the 1990s are bailing out after heavy losses, new players with a less emotional approach are enjoying some attractive gains.
Euromoney April 2003
Euromoney April 2003
Pfandbrief issuers are increasingly abandoning jumbos in favour of more traditional smaller issues taken to market as strategic need demands.
Euromoney April 2003
Mexico was the first emerging-market issuer to include collective action clauses in an SEC-registered bond. That gave it a one-off opportunity to write its own documentation unburdened by precedent. Now the CAC route looks like the clear way forward.
Euromoney April 2003
Euromoney April 2003
Euromoney April 2003
With foreign companies eager to sew up deals in China’s mega market and Chinese corporates keen to expand abroad, M&A bankers expect growing business in the People’s Republic.
Euromoney April 2003
The removal of old-guard managers from Egypt's state banks, proposals to clean up NPLs and new capital rules are shaping up the banks for a sell-off.
Euromoney April 2003
Euromoney April 2003
Euromoney April 2003
Euromoney April 2003
Euromoney April 2003
Euromoney April 2003
Euromoney April 2003
Euromoney April 2003
Equities
Euromoney April 2003
Norway
Euromoney April 2003
Spain
Euromoney April 2003
Risk management
Euromoney April 2003
Investment Banking
Euromoney April 2003
Serbia
Euromoney April 2003
Egypt
Euromoney April 2003
South Korea
Euromoney April 2003
India
Euromoney April 2003
Issuer: Allianz
Size: e3.5 billion to e4 billion
Bookrunners: Citigroup, Deutsche Bank, Goldman Sachs, UBS Warburg
Euromoney April 2003
President, Bank of America, Asia
Euromoney April 2003
CEO, Coller Capital