Capital market deals by Irish-based issuers exceeded €100 billion in 2003. A wide variety of funding vehicles were used by both corporate and bank issuers, according to Dublin-based Finance magazine. Corporate bonds came back into favour in 2003, with six issues totaling approximately €2.8 billion from a number of the country’s largest companies, said the report. On the banking side, Finance noted that two new markets had emerged – the Irish covered bond, which saw issuance top €10 billion during last year – and certificates of deposit, which for the first time Irish banks were able to issue to Irish investors. The largest corporate financing transaction in Ireland in 2003 was Eircom’s €2.4 billion refinancing, ‘Project Senaca’, which also involved the largest euro denominated high yield bond issuance in the European markets last year, at approximately €1.1 billion, according to Finance.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.