| IFR

Non-Core Bonds Markets Roundtable 2008

Although the non-core bond markets continue to be dominated by borrowers from the SSA sector, it is an area that is fast becoming key in other issuers’ thinking, not least because of the disruption they have experienced to their plans in the more developed currencies.

To purchase printed copies or a PDF of this report, please email leonie.welss@lseg.com and shahid.hamid@lseg.com

Non-Core Bond Markets Roundtable 2008: Participants

Sjaak-Jan Baars - Rabobank Sjaak-Jan Baars began his career at Rabobank working on the investment and liquidity portfolios and since 2003 has been involved in the long-term funding area and is now a vice president, spending significant time working on the origination and execution of niche currency transactions for Rabobank. Paul Johnson - RBC Capital Markets Paul Johnson moved back to RBCCM in late 2007 to head up European DCM, having previously worked at the bank from 1998 when it acquired Hambros fixed-income division. He originally joined...

Non-Core Bond Markets: Part 1

IFR: Issuance in non-core currencies was again dominated by sovereign, supranational and agency borrowers over the course of the last year. Will this continue or will more banks look to get involved?

Non-Core Bond Markets: Part 2

Paul Johnson: We are already seeing that in the former local currency funds, particularly in Asia, particularly in Japan, where a lot of the economies that are too small to support ongoing stable markets are being diversified into local currency funds which give investors exactly that, diversification and a little piece of something small. If you look at places like Africa, it is very difficult to find the next South Africa: it is a long way off unfortunately.

Non-Core Bond Markets: Part 3

IFR: So the emerging markets have become the core markets. But how about the liquidity of these markets: is that holding up fairly well with respect to market commitments being honoured across the Street?