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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 deal documentation.DirectBooks will remain in the investment grade market ... Already a...

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. Butterworth has been at the firm for 17 years while Jhajharia will join from Deutsche Bank.

By Ralph Sinclair 12 Mar 2021 One big crisis should be enough for anyone's career. But Sir Robert Stheeman, chief executive of the UK's 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 year's 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 out at £485.5bn in 2020/21 which has resulted in a budget remit for this year of £295.5bn. Of c...