London is losing ground to New York in battle of the finance centres

London is losing even more ground to New York in the battle between the world’s two leading financial centres, with the UK capital garnering even fewer votes in an influential survey than in 2013 and its transatlantic rival pulling ahead. Of the nearly 300 financial services professionals commissioned by Kinetic Partners, a global professional services […]

Lebanon’s Eurobond attracted bids 3 times the size of the issue

Lebanon’s $1.2 billion 10-year Eurobond attracted bids about three times the size of the issue, traders said on Tuesday, indicating strong demand for the country’s sovereign issues. Lebanon sold the Eurobond at the end of last week with a coupon of 6.375 percent. The maturity date is March 9, 2020. “The final orderbook was $3.39 […]