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Capital markets pray for decisive US election victory

Equity

Capital markets pray for decisive US election victory

The US presidential election is next week but, unlike the rest of the world, capital markets professionals are not rooting for Joe Biden or the incumbent, Donald Trump, to win. Instead, they just want a clear result that will spur issuance for the rest of the year. Sam Kerr, Mike Turner, Lewis McLellan, Mariam Meskin, Frank Jackman and Aidan Gregory report.

Latest News

  • Santander looks to switch AT1 pair to Sonia

    Santander looks to switch AT1 pair to Sonia

    Santander began phasing Libor out of two of its outstanding additional tier (AT1) one notes this week, having appointed NatWest Markets to lead the process to restructure the bonds to reference Sonia.

  • Citi sets up unit to advise governments on digitalisation

    Citi sets up unit to advise governments on digitalisation

    Naveed Sultan will develop and lead a new digital policy, strategy and advisory practice for governments, corporates and financial institutions at Citi, and has been appointed chairman in the bank's institutional clients group (ICG).

  • Perenna applies to become first pure UK covered bond bank

    Perenna applies to become first pure UK covered bond bank

    Perenna has applied to become the first UK covered bond bank and plans to issue 30 year fixed rate mortgages next year, using the Danish covered bond system that limits mismatches between the terms of the mortgages and the bonds that fund them.

  • Capital markets pray for decisive US election victory

    Capital markets pray for decisive US election victory

    The US presidential election is next week but, unlike the rest of the world, capital markets professionals are not rooting for Joe Biden or the incumbent, Donald Trump, to win. Instead, they just want a clear result that will spur issuance for the rest of the year. Sam Kerr, Mike Turner, Lewis McLellan, Mariam Meskin, Frank Jackman and Aidan Gregory report.

  • Nord/LB Lux’s LCR status to be grandfathered

    Nord/LB Lux’s LCR status to be grandfathered

    Covered bonds issued by NordLB’s Luxembourg subsidiary are set to become ineligible for the liquidity coverage ratio from July 2022, according to a draft amendment published this week by the European Commission.

  • ECM fees triple at Credit Suisse

    ECM fees triple at Credit Suisse

    Fee growth from Credit Suisse's equity capital markets business supported its newly established investment bank, its third quarter results on Thursday showed.

Covid-19 bonds

  • Bank senior Covid-19 response table

    Bank senior Covid-19 response table

    After the global eruption of the coronavirus pandemic, issuers such as governments, central banks and companies have been prompted to create new strategies to tackle the negative effects.




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Covid-19 Crisis

In Depth

  • Volatility turns FIG primary market into a tightrope

    Turbulent conditions forced several banks to delay bond issuance plans this week, and one even pulled a transaction after launch. Deal flow is likely to pick up again soon, but the cost of funding is certain to be higher, writes Tyler Davies.