by Robert Tripp | Jan 25, 2006 | Articles, Banking Product Engines
The first thing to note is that the Loan Markets are booming. Partly because of relatively benign corporate conditions across the planet over the last few years; partly because of high levels of mergers and acquisitions and partly because of new players in the loan...
by Robert Tripp | Jan 25, 2006 | Articles, Banking Product Engines
The primary markets, whether for loans, bonds or equity are in many respects similar to each other. Each type of finance has a lead bank (a Book Runner) drumming up interest from other banks and/or big investors. The big differences occur in the secondary markets and...
by Robert Tripp | Jan 25, 2006 | Articles, Banking Product Engines
Let us start with the customer’s problem. In the area we are talking about the customer is almost certainly a large company with turnover and income worth many tens of millions of euros per annum. Let us call him ABC PLC and he needs a lot of money (e.g. £1Bn) to buy...
by Robert Tripp | Jan 20, 2006 | Articles, Banking Product Engines
The diagram below illustrates the various roles that are taken by banks in the loan markets: The Book Runner The customers do not have the contacts, knowledge of rates nor relevant experience to put together syndicates of banks so he normally chooses one bank to be...
