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
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◆ Why emerging market issuers are doing less in dollars
◆ Republic of Congo — located between rock and hard place
◆ The GlobalCapital Podcast was brought to you by the numbers 17, 100 and the whole Alphabet
Emerging market issuers are diversifying away from dollar funding. We examine which currencies they are looking to raise debt capital with and what is driving them out of the dollar market.
We also dissect the tough choices the Republic of Congo was faced this week as it priced its debut Eurobond at an eye-wateringly high yield. We discuss the sustainability of that sort of debt and what the country's funding options are now.
If there is one thing the US big tech firms like to do, it's disrupt. They grew fat on disrupting old ways of social interaction and doing business and now they're at the forefront of the disruption AI will bring. To fund the enormous amounts of capital expenditure that AI infrastructure requires, they're now disrupting the capital markets too.
Alphabet this week priced 17 tranches of bonds in three currencies to raise more than $31bn-equivalent. That's impressive enough but it showed that in the sterling and Swiss franc bond markets that incredible feats were possible — and from an issuer at the centre of what may prove to be a bubble and which does not have a long track record of issuing in any currency.
Among five sterling tranches, which raised £5.5bn, was a 100 year bond. Meanwhile, its Swiss franc sale has surely alerted other issuers to the size of funding available in that market. We discuss it all.
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