Ralph Sinclair News Today

◆ SSAs throw etiquette out of the window in rapid start to year ◆ Banks blind-sided by sudden correction ◆ Mixed fortunes for corporate issuers

Santanders head of DCM and syndicated lending is not the only one emphasising content in the capital markets

Spanish bank adds experience and sophistication to balance sheet power to grow capital markets business

Can a top 20 EMEA debt capital markets firm build up its presence while flying under the radar?

By Ralph Sinclair 01.45 PM Kenneth Lay, chair of the International Finance Facility for Immunisation (IFFIm), is no stranger to using financial innovation to help tackle some of the worlds biggest problems. He spoke to GlobalCapital about the importance of IFFIm as a vehicle to finance the global vaccine rollout in the fight against the coronavirus pandemic. Lay was treasurer of the World Bank, which performs treasury operations for IFFIm, when the Facility was first set up in 2006. He became i...

By Ralph Sinclair 08.15 AM DirectBooks, a platform for primary bond issuance initiated by a group of banks, has added the ability to handle euro and sterling deal announcements as well as a new senior member of staff to run its European business. The platform got up and running at the end of last year in the dollar investment grade market. It communicates deal announcements and pricing information to investors, while processing their indications of interest and allocations. It also distributes ...

Latest Issue 1699, April 16, 2021

06 Apr 2021 Last week was not a vintage one for JP Morgan. Just a day after it announced its new EMEA equity syndicate bosses, it was one of two banks on the top line of an IPO that may well have put investors off buying new listings for a while. And in debt markets, it was involved in a bond for an oil company that drew the opprobrium of environmental campaigners. The US bank, we revealed on Monday, named Luke Butterworth and Ashish Jhajharia as co-heads of its EMEA equity syndicate. Butterwor...

By Ralph Sinclair 12 Mar 2021 One big crisis should be enough for anyones career. But Sir Robert Stheeman, chief executive of the UKs Debt Management Office, has had to face two monumental financial catastrophes in the last 13 years — first the 2008 UK banking crisis and then last years pandemic. The scale of the first one — the DMO saw its budget remit hit £220bn in 2009-10 — was surely never going to be beaten. But along came the coronavirus and the DMO saw its funding requirement top ...