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Capital Raising & Corporate Finance

ECB Corporate Bond Buying Lures US Issuers

Capital Markets | Fixed Income US companies are rushing to borrow in European bond markets. They’re taking advantage of low interest rates on euro-denominated issues after the European Central Bank’s decision to start buying investment-grade corporate bonds in June—part of its economic stimulus program. Last year already set a record for corporate borrowing in Europe’s bond markets, where rates are significantly lower than in the US.

Capital Raising & Corporate Finance

From Azerbaijan To Zambia, Country Ratings Slide

Capital Markets | Sovereign Risk Low energy and commodity prices and a global economy stuck in low gear have provoked a surge in sovereign ratings downgrades in the first three months of this year. And rating agencies anticipate another wave of downgrades if a wider global economic slowdown materializes.

Banking

Islamic Finance Is Gaining Ground—And Sophistication

Still finding its way onto the broader global stage, Islamic finance is expanding its reach and rising to new heights in delivering added value to consumer and business markets alike.

Capital Raising & Corporate Finance

Market Braces For $2 Trillion In EM Debt

Trends | Emerging Markets Emerging markets sovereigns and corporates will need to refinance up to $2 trillion of debt coming due in the next five years, as a result of extravagant borrowing earlier this decade when commodity prices were soaring and cheap financing was readily available.

Capital Raising & Corporate Finance

Multinationals Need A Culture Shock

Management | Corporate Culture Several recent financial and corruption scandals have forced multinationals to develop comprehensive corporate conduct and compliance programs.

Capital Raising & Corporate Finance

Serial Inverters Curtailed As Global Reforms Move Forward

Trends | Inversions The US Treasury Department’s recent rules against corporate inversions are intended to stop “serial inverters.”

Economics, Policy & Regulation

Tax Planning Goes On Steroids

Tax Reporting & Compliance The OECD’s “Base Erosion and Profit Shifting” principles are being incorporated into tax laws in some nations, requiring more transparency from corporate treasury departments.

Features

The Innovators 2016 | Table of Contents

Finance sector innovations have cut costs and improved convenience but have not been transformative. Will bankers and treasurers—traditionally risk-averse players—ever brainstorm a revolutionary breakthrough?

Capital Raising & Corporate Finance

Weak Dollar Boosts US Companies

Capital Markets | Foreign Exchange After years of bemoaning the negative effects of the strong dollar on their revenue and earnings, US-based multinationals are singing a different tune.

Capital Raising & Corporate Finance

A Waiting Game For Zambia

Zambia offers a range of advantages and opportunities for foreign investors, but they may want to wait awhile until some risks play out.

Emerging & Frontier Markets

Africa: Evolving Through The Crisis

With each country responding differently to the commodities crash, Africa showcases a range of mitigating efforts, with varying success.

Capital Raising & Corporate Finance

Argentina, Back From The Debt Wilderness

It’s been a long time coming, but Argentina is finally back. In mid-April, after being frozen out of global capital markets for 15 years, the country sold $16.5 billion of debt in an offering that was more than four times oversubscribed—the biggest bond ever sold in an emerging market.