The GlobalCapital Podcast
A weekly podcast from GlobalCapital, the capital markets news service based in London and New York, discussing its most interesting stories from around the world.
Every Friday, listen to lively discussion about the very latest themes, the most innovative and important bond and equity issues and syndicated loans and much more from the capital markets.
This podcast is for anyone working in - or who wants to work in - the capital markets from investment bankers, to funding and treasury officials, investors, lawyers, analysts, NGOs and lobbyists, regulators and policy makers, and analysts.
GlobalCapital has been the "voice of the markets" for over 35 years, covering bond, loan, equity and securitisation markets around the world.
We cover everything from public sector bond issuers, financial institutions, emerging markets and investment grade corporate bonds and loans to securitisation (including CLOs and ABS), regulation and market news as well as industry gossip.
GlobalCapital is written for capital markets professionals but the podcast is of value to anyone with an interest in the industry, whether you have been working in it for as long as we have, or are looking to make your first career move into it.
This podcast is a commute-sized slice of everything that's most interesting from the world's capital markets with the aim of helping you sound smarter in your morning meeting, or making you stand out from the crowd of other hopefuls when kick-starting your career.
And don't forget, you can #AskGC anything you like and we will select the best questions to answer on the show.
Contact us at podcast@globalcapital.com
The GlobalCapital Podcast
The Santa rally comes early and what killed Ithaca’s share price
- Will the Santa rally in bonds last until Christmas?
- How much bond issuance will TLTRO repayments drive?
- Ithaca Energy: autopsy of an IPO
The first UK IPO of significance in a year might have been hoped to be a bellwether for future deals and perhaps spark a revival for listings. But the IPO of Ithaca Energy has not worked out quite as the company and its investors might have hoped with the share price tumbling. We take an in-depth look at the company and the listing to find out what happened.
In the primary bond market the tale has been, on the whole, much rosier. Investors have bet that central banks are nearing the top of their interest rate rising cycle – or at least they believe the pace of increases will slow. That means they are buying bonds again, giving a boost to the primary market. A better than expected US inflation number last week turbocharged that dynamic in this week’s primary market.
But how long can this Santa rally last? And is the market good enough for all borrowers to take advantage? We look into some of the successes and failures in the bond market this week and give the tyres on which it is rolling a thorough kicking – no reindeers were harmed in the making of this episode.
Meanwhile, the ECB is revealing data on repayments of its Targeted Longer-Term Refinancing Operations. Banks and some supranational and agency borrowers took trillions in cheap cash from the central bank but now the terms have worsened they are handing it back. A big chunk of this they will have to refinance in the bond market. We take a look at what that means for SSA and covered bond issuance.