Bankers Doing Bond Deals Caught Out by New Era of Issuer Clauses
Message to bond underwriters: Some big customers are sizing up your ESG credentials.
Latest Videos
The information you requested is not available at this time, please check back again soon.
Message to bond underwriters: Some big customers are sizing up your ESG credentials.
Industrial & Commercial Bank of China Ltd., the nation’s largest lender, reported its first decline in quarterly profit in more than a year as margins continue to contract.
The recent surge in immigration to the US has led many economists to boost their forecasts. Now they’re looking for more signs of its impact in the data.
Distressed developer CIFI Holdings Group Co. said it has reached an agreement with a key creditor group on some terms of a restructuring plan that could cut the principal on its debt by as much as 85%, a reversal from the company’s expectations of “no haircut” a year ago.
Sweden’s economy posted a fourth consecutive quarter of contraction as interest-rate cuts that could spur activity in the largest Nordic nation are yet to materialize.
Sep 21, 2016
Ontario Premier Kathleen Wynne says she is keeping a close eye on how British Columbia is aiming to cool its hot housing market, but remains unconvinced that a tax on foreign buyers is the right move for her province.
“We haven’t been advised by people in the province – either in the real estate sector or other sectors – that there is exactly the same issue [in Ontario]… and that the remedies would be exactly the same here,” Wynne told BNN in an interview on Wednesday.
A growing number of voices are pointing to inflated home prices as a risk for Canada’s economy. The Organisation for Economic Co-operation and Development cut its outlook for Canada’s economy on Wednesday and issued a new warning on the housing market.
Earlier this week, CIBC Deputy Chief Economist Benjamin Tal issued a report predicting Ontario would have no choice but to implement a surcharge on foreign investment in the real estate sector. And a recent report from Sotheby’s International Realty warned there are “hints of newly redirected interest from international investors” in Toronto as a result of the B.C. tax.
Wynne expects the provinces will address housing at the next premiers’ meeting.
“There is a national discussion here made obvious by the fact that what happens in one province may have a significant impact in another,” she said.