Sign up today and take advantage of member-only content — the kind of timely, cutting edge industry insight that only IDD can deliver.
  • Investment Dealers' Digest one-month trial subscription
  • IDDMagazine.com one-month trial subscription
  • Free e-newsletters
  • Free whitepapers

Financial Services

The Allure of European M&A

- Activity has been driven by strategic buyers in industries like tech, health care and business services.

High Yield Sees More Common Stock

- Issuers look to refinance existing debt or pay for acquisitions with convertible debt transactions.

Earnout Implications

- These clauses play an important role to bridge the gap between buyers and sellers, but there are tripwires that can sour a deal.

Bank Loan Repricing Vexes Investors

- Does an improving market for corporate borrowers to reprice their debt signal a shift in the balance of power to issuers?

Citi in the Vanguard As BABs Go Global

- By setting up municipal sales desks in foreign offices 10 years ago, top-ranked underwriter Citi had a head start in selling taxable munis to foreign investors, which turned out to be a major boon once Build America Bonds were introduced last year.

TIGER II Guidance Offered

- The U.S. Department of Transportation this week issued guidance on how state and local governments should apply for $600 million for projects under a competitive discretionary grant program.

Yields Dip Amid Light Slate, Lazy Secondary

- Nearly all of The Bond Buyer’s weekly yield indexes declined this week amid a light new-issue calendar and somewhat lackadaisical interest in the secondary.

California DWR Pumping in $2B of Tax-Exempts

- The tight supply situation in the primary tax-exempt bond market will get a $2 billion boost from one issuer next week when the California Department of Water Resources prices power supply revenue bonds.

Hunting Some Bigger Game

- Using the heft of its Canadian parent as a selling point, RBC Capital Markets is reaching out to large Wall Street customers.

Investors Cross Borders for Yield

- Emerging markets have seen a significant rebound in leveraged loan and high-yield bond deals as investors chase after yield and fund flows suggest interest in non-U.S. corporate debt may not be a passing fancy.

A Call to Action

- Veteran Wall Streeter warns that the financial services industry is lapsing into pre-crisis mode.

Obama Takes It to the Street

- When President Obama last spoke at New York’s Cooper Union as a presidential candidate two years ago, he called for an overhaul of the “balkanized” regulatory system for the financial markets and blamed the credit crisis on Washington lobbyists and politicians who engineered deregulation in the late 1990s.

Yields Down All Around as Munis Perk Up

- All of The Bond Buyer’s weekly yield indexes on long-term debt declined this week, as municipals firmed up in nearly every session.

Tax-Exempt Money Funds Double Down On Losses

- Tax-exempt money market funds posted the second-largest outflows of the year — and more than doubled last week’s losses — as the total invested fell $5.42 billion to $363.09 billion in net assets for the week ending April 19, according to the Money Fund Report, a service of iMoneyNet.com.

California CDS Probe Clears Underwriters

- California’s big underwriters make markets in credit default swaps on the biggest municipal issuer’s general obligation bonds, but they don’t seem to be betting against the state.

« Previous 1 2 3 4 next