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Permanent deal is the most exciting thing for a very long time.
Euromoney June 2008
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One of the many things that got forgotten during the LBO boom was that mezzanine is a risky product.
Euromoney June 2008
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Many voices have called an end to structured credit. And yet, amid the continued retrenchment and fallout from several years of excessive activity, there are signs that this structuring technique is far from dead: its proponents are merely reshaping the technology. Alex Chambers reports.
Euromoney June 2008
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These are happy days for mezzanine lenders. Having been excluded from the LBO boom of recent years they are now the first port of call for sponsors in the brave new world of leveraged finance. But how long will the mini-boom last? Louise Bowman reports.
Euromoney June 2008
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HBOS deserves the gratitude of its rivals for its attempt at a UK RMBS benchmark, but it may prove futile in the short term.
Euromoney June 2008
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While some continue to debate whether the knife is still falling, others have decided that the distressed credit markets already offer an attractive investment opportunity.
Euromoney June 2008
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Anyone with a brief to outline the benefits of mezzanine lending over the hedge fund and CLO money that recently replaced it could do worse than sit back and wait for the first wave of recent LBO deals to go wrong.
Euromoney June 2008
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Euromoney June 2008
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When BlackRock announced in May that it would be buying $15 billion of UBS’s sub-prime mortgages, for some market participants it signalled the bottom of the mortgage-backed securities market. But house prices are still falling. Is US real estate still too risky? Helen Avery goes doorstepping.
Euromoney June 2008
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Revelations on Moody’s mis-rating of CPDOs could be the most damaging yet.
Euromoney June 2008
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With UK lenders RBS, HBOS and Bradford & Bingley in the market with rights issues totalling more than £16 billion ($31.5 billion) as Liquid Real Estate went to press, and intense speculation that Barclays Bank and others might soon follow suit in order to shore up their capital adequacy, recapitalization lo
Published May 2008 Liquid real estate Issue 06
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The Bank of England’s special liquidity scheme does nothing that hasn’t already been done by the Fed and the ECB – except on more onerous terms.
Euromoney May 2008
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Investment banks are rushing to offer systematic payoffs and smart underlyings as structured notes, partly in response to investors’ growing mistrust of more complex products. But is replicating hedge fund strategies in note form as simple as they are trying to make out?
Euromoney May 2008
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Euromoney May 2008
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The research efforts of banks is becoming increasingly important when it comes to developing new, competitive structured notes that will garner investor interest.
Euromoney May 2008
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Just as banks in Russia were beginning to resemble their peers outside the country, engaging in conventional retail and corporate banking, the western financial market crisis hit. Reduced availability of long-term funding from abroad highlights the shortage of such a market in Russia and reveals a systemic v
Euromoney May 2008
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New organization for the merged RBS/ABN business is unveiled.
Euromoney May 2008
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Euromoney May 2008
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Senior officials at the US Treasury are urging Latin American countries to pursue policies that will help grow their mortgage markets, despite the sub-prime woes of the US.
Euromoney May 2008
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Banks are paying the price for hanging on to their stuck leveraged loans for so long.
Euromoney May 2008
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Euromoney May 2008
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Euromoney May 2008
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UK PFI deal taps loan market for entire £2.2 billion.
Euromoney May 2008
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Only suckers believe that the remedies applied to the credit crisis have cured the underlying sickness. There’s more painful adjustment to come, and it could last two to five years.
Euromoney May 2008
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Euromoney April 2008
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Euromoney April 2008
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Despite widespread investor puts of pre-crunch extendible notes, the sector is experiencing a relatively good 2008, with investors calling the shots.
Euromoney April 2008
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Will the long-awaited recovery in the German real estate market be stopped in its tracks by turmoil in the debt markets? Louise Bowman reports.
Euromoney April 2008
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The Fed is finding innovative ways to fund US financial institutions to combat the systemic risk that has done for Bear Stearns.
Euromoney April 2008
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More assets are yet to be hit in the credit crisis and, as leverage continues to fall out of play, liquidity will keep on drying up. Equity prices are bound to fall still further too.
Euromoney April 2008