Banking
SUKUK ISSUANCE SURGES FORWARD
Market Report | Global Islamic Finance<br />
Despite lower volumes in 2013, sukuk issuance is on track for a record year.
Capital Raising & Corporate Finance
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Capital Raising & Corporate Finance
TAKING THE STIGMA OUT OF TREASURY OUTSOURCING
Special Report | Treasury Outsourcing<br />
The concept of treasury outsourcing has been around since the 1980s, but until fairly recently, it enjoyed limited adoption, owing to concerns about operational control. But cost pressures are forcing treasurers to look at the concept again.
Award Ceremonies and Events
TRANSACTION PROCESSING AWARDS CEREMONY 2014
Global Finance held its Transaction Processing Awards ceremony in Boston in October—during SWIFT’s Annual Sibos conference. Leading corporate and financial executives from around the world were present to accept their awards and honor other recipients.
Banking
WHO’S WHO – FOREIGN EXCHANGE 2014
Global Finance’s annual list of Who’s Who in Foreign Exchange.
Banking
SAUDI BANK IPO LEADS SURGE OF NEW SHARE ISSUES
Capital Markets | Middle East Equity<br />
The Middle East is experiencing a boom in initial public offerings, following years of relative inactivity since the global financial crisis. The area’s IPO markets began to recover in the fourth quarter of last year, and new share issues are now coming at a fever pitch, despite falling oil prices that could threaten regional economies.
Capital Raising & Corporate Finance
A Small Step to Unlock Credit for the Club Med
This month the European Central Bank will start to buy euro-denominated asset-backed securities (ABS) and covered bonds in an effort to revive a market that has been sharply impaired since the financial crisis.
Capital Raising & Corporate Finance
AFRICA’S CONSUMER BOOM
AFRICA 2014 | INTRA-AFRICA TRADE<br />
The rise of the African consumer market is providing an opportunity for domestic companies to increase their footprint across the region.
Banking
GOLDMAN SACHS TO TAP GROWING ISLAMIC MARKET
CAPITAL MARKETS | ISLAMIC FINANCE<br />
To diversify its sources of financing, Goldman Sachs plans to issue a benchmark Islamic bond, at a time when demand for sukuk is outrunning supply. Meanwhile, South Africa is planning its first sovereign sukuk, and the Egyptian government is working on a new sukuk law, following the military’s overthrow of Islamist president Mohamed Morsi last year.
Capital Raising & Corporate Finance
INVESTMENT BANK HELPS REVERSE BRAIN DRAIN
TRENDS | SRI LANKA<br />
Hiran Embuldeniya, managing director at York Street Partners, an investment bank in Colombo, Sri Lanka, says there are plenty of opportunities for the firm to do business in the country as it rapidly develops in the wake of a 30-year civil war that ended in 2009.
Capital Raising & Corporate Finance
NAIROBI EXCHANGE LISTS OWN SHARES TO RAISE FUNDS FOR EXPANSION
CAPITAL MARKETS | AFRICAN EQUITY<br />
Initial public offerings on the Nairobi Securities Exchange have been few and far between in recent years.
Capital Raising & Corporate Finance
NO COLLATERAL DAMAGE TO HEDGES AFTER ALL
MANAGEMENT | DERIVATIVES REGULATION<br />
Nonfinancial corporations that hedge risk by using derivatives not traded on exchanges won an important victory in early September, when US bank regulators agreed to exempt such companies from rules that would have required them to post collateral against their positions.
Capital Raising & Corporate Finance
REGION REMAINS A SWEET SPOT FOR PRIVATE EQUITY
MILESTONES | LATIN AMERICA<br />
In Latin America, the outlook for private equity and venture capital remains bright. Despite a 10% fall in investments during the first half of 2014, local and global players increased the amount of funds raised.