investors

In Europe 9th March 2012

In Greek deal, commissioner Rehn praises investors but some feel scolded

LONDON | UPDATE | Unanimously. The International Swaps & Derivatives Association resolved Friday evening the last unknown about Greece’s restructuring debt process. The Greek government used collective action clauses to drag a small group of investors into accepting losses under the nation’s laws. The association ruled that this could be considered as a credit event that triggers payouts on credit default swaps or CDS, a market whose participants were anxious while waiting…

Markets 8th March 2012

Lose any hope of escaping a stern haircut on Greek debt holdings

By Juan Pedro Marín Arrese, in Madrid | Those hedge funds resisting debt restructuring shouldn’t nurture any hope to save their money. The titles they hold might be governed by international law. But should Greece turn off the tap, counting on CDS to fill the gap might prove a delusion. Credit default guarantors have already warned they will simply fail to respect commitments entered. The ensuing claims might fatten law…

Spanish economy 30th January 2012

Santander’s Iberian Conference opens to major listed companies

By Cotizalia.com | The second biggest event of the year for Spanish listed companies will be taking place on February 1. After the Spain Investors’ Day, that was held on January 11,12, next month will see a classic: the eighteenth edition of Santander’s Iberian Conference. After a 2011 marked by heavy stock market falls that have reduced again the average market capitalisation of the Spanish listed companies, the big news…

Markets 27th January 2012

Investors swarm off European funds at their loss

LONDON | The dramatic meltdown of confidence in the euro zone’s economic performance left the European fund industry suffering almost €70 billion in flows out of equity funds in 2011. Data colected by Morningstar European funds show that over €119 billion were extracted from long-term funds last year, and although money market funds still saw strong inflows in December, with €4.4 billion, flows to short-term funds were negative for the last…

Spanish economy 5th December 2011

Repsol ready to test wholesale markets

MADRID | The Spanish press today echoes Repsol’s move, which has started sounding out investors to carry out a debt issuance after the relief brought by the drop to below the 350 b.p. in the Spanish risk premium. “BBVA was the last Spanish firm that issued debt on the wholesale market. On October 28, the second major Spanish bank placed €750 million in senior debt at 18 months at a price…

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