IFR MEDIA INFORMATION

Transcription

1 IFR MEDIA INFORMATION RATECARD 2015

2 RTACERAD RATECARD EDITORIAL BRIEF ADVERTISING AND SPONSORSHIP OPPORTUNITIES MAGAZINE ONLINE SPECIAL REPORTS ROUNDTABLES AWARDS CONFERENCES ipad/mobile IFR is the world s most comprehensive source of international capital markets news and analysis. Our team of specialist independent reporters, analysts and editors many of whom are former market professionals is unrivalled, and operates round the clock from bureaux in the US, Europe and Asia-Pacific. IFR is a major source of intelligence for investment and commercial bankers, issuers and investors. Written from an independent viewpoint, it provides authoritative and unbiased coverage of all aspects of global capital markets activity based on unparalleled access to decision-makers and key participants in the industry. Matthew Davies Editor-in-Chief IFR MEDIA INFORMATION 2

3 MAY ISSUE DERIVATIVES BTP futures thrive as Greek CDS makes comeback 04 EMERGING MARKETS EQUITIES EMERGING MARKETS PLUS Russians stumble 05 Halkbank s Japanese ECM Argentina US$500m veyear shows bang, as Mitsui Supreme Court Punched out 09 back with a awaits US Food fight for lenders 09 Turkish recovery targets US$3.6bn decision 12 years a bond ICE sets up exit 11 MAY ISSUE INSIDE THIS ISSUE Clock ticking on US$1.35bn Bumi revamp: Indonesian miner misses coupon payment in game of chicken with hold-outs Asian issuers eye return to euro bonds as basis swap moves in their favour; Japanese and South Korean issuers lead the way Increasing scrutiny on leveraged loans forces banks to back away from KKR s US$725m financing for Brickman buyout DERIVATIVES EMERGING MARKETS EQUITIES EMERGING MARKETS PLUS Russians stumble 05 BTP futures Halkbank s Japanese ECM Argentina thrive as Greek US$500m veyear shows bang, as Mitsui Supreme Court Punched out 09 back with a awaits US Food fight for lenders 09 CDS makes comeback Turkish recovery targets US$3.6bn decision 12 years a bond ICE sets up exit 11 RATECARD 2015 THE MAGAZINE PLUS Q3 LEAGUE TABLES OCTOBER ISSUE INSIDE THIS ISSUE Three stripes and you re out (of pocket): investors up in arms as 1bn Adidas bond leaves them nursing drastic losses JP Morgan ignores regulatory noises to agree loan with eight times leverage to fund US$4.3bn acquisition of Tibco US$40bn book puts Gulf on the map: huge demand for Emaar Malls Group s US$1.58bn IPO as Dubai bounces back SYNDICATED LOANS European leveraged deals struggle to compete 04 PEOPLE & MARKETS ECB purchase plan for covered bonds and ABS underwhelms 06 EMERGING MARKETS Naftogaz repays US$1.6bn Eurobond eventually 08 PEOPLE & MARKETS Gross exit: traders saw confusion, then opportunity 10 PLUS Frac sand IPO 07 Cemex tackles CB risk 11 HK weathers storm 12 Critical time for EM 08 FICC on the turn? 15 COMPREHENSIVE NEWS, ANALYSIS AND FEATURES, EVERY WEEK First published in 1974, IFR magazine has built an enviable reputation for delivering reliable, accurate and actionable intelligence. A subscription provides: INSIDE THIS ISSUE Clock ticking on US$1.35bn Bumi revamp: Indonesian miner misses coupon payment in game of chicken with hold-outs Asian issuers eye return to euro bonds as basis swap moves in their favour; Japanese and South Korean issuers lead the way Increasing scrutiny on leveraged loans forces banks to back away from KKR s US$725m financing for Brickman buyout 50 issues per year, each couriered to your desk every Monday morning A series of IFR Special Reports focusing on key asset classes, countries and regions The annual Review of the Year, including full details of the winners of the prestigious IFR Awards IFR Magazine also available on ipad and iphone IFR draws upon by far the largest editorial team of any publication to serve the sector, with over 120 reporters based in bureaux throughout the world. Experienced market commentators and ex-industry professionals, they leverage an unrivalled network of contacts to provide readers with the critical intelligence they need to judge market sentiment and to structure and market forthcoming transactions. IFR MEDIA INFORMATION 3

4 THE MAGAZINE AUDIENCE Industry* 21% 8% 28% Borrowers/Issuers Investors Lenders/Arrangers Professionals/Advisors Other 14% 29% Region 39% 34% Europe/EMEA Americas Asia-Pacific UK 19% 8% 42% 23% 14% Job Titles* Other Management Treasurer/CFO/Head of Funding CEO/Managing Director Chairman/President Other Director/Head of Department 10% 1% 10% CIRCULATION: 3,491 READERSHIP: 20,946** *IFR Subscribers Survey **Estimated 6 readers per copy IFR MEDIA INFORMATION 4

5 REVIEW OF THE YEAR Associate your products with the industry s leading awards brand CELEBRATING EXCELLENCE IN THE GLOBAL CAPITAL MARKETS The Review of the Year is the most prestigious awards publication in the global capital markets. It offers a unique platform to highlight special achievements and success stories and align your brand with a year of excellence. The awards are chosen by IFR s experienced team of reporters, who measure the performance of the award winners from a quantitative and qualitative perspective over the course of the year. The Review is distributed to all subscribers and is distributed at the prestigious IFR Gala Dinner in January, where the major awards are presented. The event is attended by over 1,200 of the foremost investment bankers, their clients and the President of the Save the Children charity, HRH the Princess Royal. IFR MEDIA INFORMATION 5

6 SPECIAL REPORTS INTERNATIONAL FINANCING REVIEW SPECIAL REPORT SEPTEMBER IMF/WORLD BANK IFR Special Reports focus on the latest topics and trends affecting specific areas of the capital markets. The reports provide a vehicle for IFR s journalists to provide in-depth analysis of the subjects they cover every week, whether it be a particular concern within a key sector of the market or an overview of a country s performance on the global stage. Distributed to our readers with their weekly magazine, made available via Thomson Reuters flagship market data desktop, Thomson Reuters Eikon - and free to view on our website - advertising in the Special Reports helps promote your brand to a targeted audience of senior professionals across the markets, around the globe. IFR MEDIA INFORMATION 6

7 SPECIAL REPORTS CALENDAR NEW REPORTS FOR 2015: Eurozone Renminbi Equity Capital Markets FIG PUBLICATION DATE TITLE OF REPORT BOOK BY COPY BY 14 Feb 2015 SSA 02 Jan 25 Jan 14 Mar 2015 LatAm 16 Jan 25 Feb Bonus distribution at the IDB-IIC Annual 26 Mar 2015, Busan, Korea 2 May 2015 Middle East Awards Report 13 Mar 22 Apr 16 May 2015 Turkey 3 Apr 6 May 23 May 2015 Renminbi 10 Apr 6 May (Co-published with IFR Asia) 30 May 2015 Eurozone 3 Apr 13 May 20 Jun 2015 Top 250 Borrowers 24 May 3 Jun 19 Sep 2015 IMF/World Bank 24 Jul 2 Sep Bonus distribution at IMF/World Bank Oct 2015, Lima, Peru 3 Oct 2015 Equities Capital Markets 15 Aug 23 Sep 17 Oct 2015 Debt Capital Markets 21 Aug 30 Sep 31 Oct 2015 India 4 Sep 14 Oct Co-published with IFRAsia 7 Nov 2015 FIG 11 Sep 21 Oct 19 Dec 2015 Review of the Year 13 Nov 25 Nov 19 Dec 2015 Review of the Year Americas 13 Nov 25 Nov NB: Publication dates may change at the discretion of the Editor. IFR MEDIA INFORMATION 7

8 ONLINE TARGET A HIGH-VALUE, SPECIALIST PROFESSIONAL AUDIENCE IFR s online and mobile assets offer a great way to target an audience of senior investment banking professionals across the globe. These premium online subscription services deliver a fully paid-for and loyal subscriber base - annual subscriptions start at 8,200, and renewals average over 90% saw a significant investment in IFR s online offering, with the roll-out of responsive websites to better seve our mobile audience. Users now see IFRe. com automatically formatted to best fit the device they re using, whether its desktop, tablet or smartphone. With readers in the world s major financial institutions relying on IFR s content for the news, data and benchmarking that drives their businesses, and 40 years pedigree IFR is the market-leader in capital markets intelligence. IFR MEDIA INFORMATION 8

9 Follow ASIA PAC G3 (EX JAP) DCM BOOKRUNNERS: 1/1/2014 TO 30/9/2014 Managing bank No. of Total Share or group issues US$(m) (%) 1 HSBC Holdings , Citigroup , JP Morgan 97 18, Deutsche Bank 82 14, BofA Merrill Lynch 72 13, Total ,827.0 Source: Thomson Reuters (SDC code: AR1) ASIAN CURRENCIES DCM BOOKRUNNERS: 1/1/2014 TO 30/9/2014 Managing bank No. of Total Share or group issues US$(m) (%) 1 HSBC Holdings , CITIC 59 18, China International Capital 28 15, Standard Chartered , Bank of China 85 11, Total 2, ,118.3 Source: Thomson Reuters (SDC code: AS1) HONG KONG DCM BOOKRUNNERS: 1/1/2014 TO 30/9/2014 Managing bank No. of Total Share or group issues HK$(m) (%) 1 HSBC Holdings , Standard Chartered 44 11, BNP Paribas 10 4, ANZ Banking Group 8 2, Deutsche Bank 1 2, Total ,830.4 Source: Thomson Reuters (SDC code: AS5a) To find out how you can generate league tables and analyse investment banking and deal trends take a look at ThomsonONE.com Investment Banking and SDC Platinum. Or for custom league tables and deal analysis, please contact TROnDemand@thomsonreuters.com As Asian countries roll out Basel III frameworks for their banks, the CEO of Singapore s biggest lender has warned the more stringent bank capital rules for the already wellcapitalised local lenders may hurt economic growth in the region. Asia s banking system is already strong as (banks) generally emerged unscathed from the global financial crisis. If the new rules try to make it super strong, what gives is the capacity of the banks to provide credit, said Piyush Gupta, CEO at DBS. Gupta s warning comes amid mounting frustration among Asian bankers that Basel III is a poor fit for the region s fast-growing emerging markets. In particular, critics argue high risk weightings for emerging market lending mean that Basel III is pushing up the cost of capital for Asian banks unnecessarily, ignoring actual default rates and the fact that many banks in the region already enjoy significant state support. The Asian Development Bank expects developing Asia to expand 6.2% this year and 6.4% next year, much higher than growth rates in Europe and the US. Loan growth in the region s still developing banking system has historically trended above nominal GDP, putting Asian lenders under pressure to expand loan books at a time when many also need to boost their regulatory capital ratios. The regulatory regime leans heavily towards the stability agenda and the growth path of Asia will definitely be compromised, Gupta said. Asian banks will need to raise US$250bn of capital come 2017 to meet Tier 1 capital requirements, assuming a conservative loan growth rate of 10.2%, according to a joint report from Hong Kong-based think-tank Fung Global Institute and Singapore-based Stamford Advisory. The largest capital gap, of US$100bn, is in India, where the economy is expected to grow 5.6% this year and a further 6.5% in each of 2015 and 2016 in real terms, according to Fitch Ratings. As a consequence, Asian countries may face higher risks of slower economic growth due to constrained bank lending, said Ng Ngai Kin, managing director at Stamford Advisory. We should be cognisant that Basel III rules changes could have unintended repercussions on sectors and assets critical to Asia s growth, such as lending to SMEs, infrastructure projects and trade finance, he said. Using DBS as an example, Gupta believes Asian banks are much better capitalised and take more conservative approaches to building their balance sheets than their Western peers. Asia went into the economic crisis from a different position than their Western counterparts. The fundamental differences were two: our capital levels were much stronger and had been so ever since the 1997 crisis, and the securitised markets and large off-balance sheet transactions did not exist in our part of the world, he told IFR. Much of the medicine that is being created globally is more suitable to Western (banks), but is just the wrong medicine for the wrong patients in Asia. While a conservative lending strategy helped Asian lenders weather the last financial crisis, a similarly conservative approach to capital requirements threatens to put them at a disadvantage relative to global peers. Generally, Asian banks have much higher ratios of risk-weighted assets, at over 40% of their total assets, compared to around 20% for European banks, according to the Fung/ Stamford research, which puts the ratio for DBS among the highest at 60%. As at the end of June, Deutsche Bank had a RWA-to-total assets ratio of 24% versus ICBC s 58.4%, according to regulatory filings. Asian banks typically lend in countries with low sovereign ratings, accumulating assets that carry high risk weightings under the standard application of Basel III rules. They have also been slower than global peers to use internal risk ratings to calculate RWAs, based on their own experiences, a move that will reduce risk weightings and improve capital ratios, experts say. The contents of this Briefing, either in whole or in part, may not be reproduced, copied, or distributed without prior written permission of the publishers. Action will be taken against companies who ignore this warning. IFR Daily Briefings are produced in line with the publishing dates of IFR and will not appear during national holidays and the magazine s annual end of year break. Thomson Reuters 2014 ONLINE RTACERAD RATECARD IFR BRIEFINGS IFR ASIA DCM BRIEFING OCTOBER PAGE 1 ACCESS SENIOR DECISION-MAKERS - ON THE GO IFR Briefings are concise daily reports providing subscribers with essential news and insight on focused regions and asset classes of the global capital markets. Read by a highly-mobile investment banking audience, IFR Briefings are a great way to access an audience who need to be on top of their market at all times. IFR BRIEFING TITLES INCLUDE: US ECM LATIN AMERICA CAPITAL MARKETS INDIA CAPITAL MARKETS CHINA CAPITAL MARKETS EUROPEAN SECURITISATION EUROPEAN ECM FIG DAILY GULF CAPITAL MARKETS ASIA DCM ASIA LOANS ASIA ECM IFR MEIDA IFNROAMTOIN 9

10 ROUNDTABLES 2015 Roundtable Topics Covered Bonds Middle East Capital Markets Financing M&A Emerging Markets Green Bonds Outlook/ Future for Global DCM Bank Regulation and Policy Bank Deleveraging Japan ECM and DCM Dim Sum Bond Markets Indian Infrastructure SME Funding SSA Borrowers European Private Placements FIG Markets/ CoCos/ AT1 Global LNG Financing Offshore/Onshore Renewables German Corporate Funding Corporate Funding Series by Country Benefits to Sponsor One company representative to participate in the Roundtable Your company logo on the front cover of the supplement One colour advertisement in the supplement copies of the supplement (optional) PDF version of the supplement to be made available for use on your company s website Option to record the Roundtable as a webcast (extra cost applies) INTERNATIONAL FINANCING REVIEW ROUNDTABLE APRIL Sponsored by: SCHULDSCHEINE INSIGHTFUL. AUTHORITATIVE. INNOVATIVE. IFR Roundtables are on the record discussions with market leaders on the most topical issues in capital markets today. Chaired and edited by IFR s editorial team, the discussions which are around an hour and a half in length, provide insight and commentary on market trends from industry thought leaders. Each roundtable features around 8 participants and the discussions are published and distributed through IFR magazine and Reuters media platforms. Roundtable topics are developed on an ongoing basis through consultation with leading capital market professionals throughout the year, and typically focus on specific regions, markets and asset classes. Roundtables can be staged with or without an audience and can also be broadcast on the internet as Webcasts. IFR MEDIA INFORMATION 10

11 CONFERENCES EVENT DATE LOCATION BRAND Pfandbrief Markets Jan Frankfurt IFR CEEMEA Markets Apr London IFR Indian Capital Markets May Mumbai IFR/IFR Asia European Credit Outlook Jun London IFR Project Finance EMEA Jul London PFI Asian Capital Markets Sep Singapore IFR Asia Malaysian Fixed Income Forum Sep Kuala Lumpur IFR Asia African Capital Markets Oct London IFR Equity Capital Markets Oct London IFR Financing Energy Projects Asia Nov Singapore PFI Bank Capital (FIG) EMEA Nov London IFR IFR Conferences bring together leading global capital market professionals to discuss and debate the most topical issues in investment banking today. Conference agendas are built in consultation with leading IFR journalists and market professionals and provide future business focused sessions on specific markets over the next year and beyond. Free-to-attend but by invitation only, these exclusive events provide excellent networking opportunities for the Capital Markets community. IFR CONFERENCES BRING TOGETHER LEADING GLOBAL CAPITAL MARKET PROFESSIONALS SPONSORSHIP OPPORTUNITIES Branding on pre-event marketing collateral online on IFRe and in print in IFR as sponsored by, as appropriate Sponsor Logo at the bottom of alerts, with click-through to sponsor s website Sponsor Logo featured on all materials provided at the event including an A4 ad in the delegate book Sponsor logo displayed on conference signage on-site, including conference holding slides Space for a pop-up banner and on-site display table for Sponsor literature and option to distribute literature on conference chairs Block of 20 delegate passes for Sponsor s staff, guests and clients Verbal thanks from conference chair at the opening and closing of the event Option to provide delegate gifts at the event Copy of the delegate list and option for a single post conference follow-up ing via Thomson Reuters IFR IFR MEDIA INFORMATION 11

12 MAY ISSUE INSIDE THIS ISSUE Clock ticking on US$1.35bn Bumi revamp: Indonesian miner misses coupon payment in game of chicken with hold-outs Asian issuers eye return to euro bonds as basis swap moves in their favour; Japanese and South Korean issuers lead the way Increasing scrutiny on leveraged loans forces banks to back away from KKR s US$725m financing for Brickman buyout DERIVATIVES EMERGING MARKETS EQUITIES EMERGING MARKETS PLUS Russians stumble 05 BTP futures Halkbank s Japanese ECM Argentina thrive as Greek US$500m veyear shows bang, as Mitsui Supreme Court Punched out 09 back with a awaits US Food fight for lenders 09 CDS makes comeback Turkish recovery targets US$3.6bn decision 12 years a bond ICE sets up exit 11 INTERNATIONAL FINANCING REVIEW SPECIAL REPORT MAY RATECARD 2015 ADVERTISING RATES IFR WEEKLY 1x 3x 6x 11x 16x COVERS Inside front 13,500 11,800 10,800 9,200 8,100 Inside front spread 26,400 23,700 21,100 18,300 15,600 Facing contents/fwd 13,500 11,800 10,800 9,200 8,100 Inside back 13,000 11,300 10,300 9,200 7,600 Outside back 15,100 13,500 11,800 9,700 9,200 FULL PAGE (ROP) 10,800 9,800 8,700 7,600 6,500 FRACTIONAL SPACE Half Page Spread 12,800 Half page: 8,100 Junior page 8,700 Strips (min 6) 4,700 GERMANY IFR SPECIAL REPORTS 1x 3x x6 11x 16x COVERS Inside front 16,200 14,600 13,000 11,300 9,800 Inside front spread 31,300 28,500 25,400 22,100 18,900 Facing contents/fwd 16,200 14,000 13,000 11,300 9,800 Inside back 15,600 13,400 12,500 10,800 9,300 Outside back 17,800 16,200 14,000 13,000 11,300 FULL PAGE 13,000 11,800 10,300 9,200 7,600 REVIEW OF THE YEAR Outside Back Cover 22,600 Fwd/Roll of Honour Single 19,400 Inside Front Spread 37,800 Contents Spread 35,000 Inside Front Cover 20,500 Contents Single 18,400 Inside Back Cover 17,300 ROP Guaranteed Spread 30,700 Fwd/Roll of Honour Spread 36,600 Guaranteed Single 15,100 ONLINE ADVERTISING RATES ROS Leaderboard ROS MPU ROS Half Page MPU Sectional Sponsorship Search Sponsorship Sponsorship iphone Banner 70cpm 728x90 pixels. 40k max with full outline 90cpm 300x250 pixels. 40k max with full outline 130cpm 300x600 pixels. 40k max with full outline 8,100 per month 8,100 per month 3,300 per month 15cpm 300x50 pixels. 40k max with full outline CANCELLATION DEADLINES IFR s Terms and Conditions apply. IFR Weekly In writing, FOUR weeks prior to publication date IFR Special Reports In writing, SIX weeks prior to publication date Review of the Year In writing, SIX weeks prior to publication date IFR Roundtables In writing, EIGHT weeks prior to publication date Cancellation of frequency bookings will be subject to adjustment charges if frequency discounts are no longer earned Rates exclude Sales Tax Frequency on calendar basis, rates not applicable in the US or Asia Agency Commission 15% All bookings are guaranteed only upon receipt of signed IFR Advertising Contracts IFR MEDIA INFORMATION 12

13 MECHANICAL DATA IFR requires all advertising to be provided digitally and supplied either by or via FTP. Advertisements are to be supplied at high-resolution PDF (at least 300dpi). IFR cannot accept responsibility for font or image problems that are deemed beyond our control. We are happy to answer any questions regarding the reproduction of the advertisement in advance of publication a b c PAGE SIZES (other sizes on request) Full page (trim) Actual size Type area Bleed Half page Horizontal Vertical Other sizes Horizontal strip Vertical strip Junior page Double page spread Type area DPS bleed ONLINE AND BRIEFINGS Leaderboard MPU Double MPU iphone leaderboard height x width 297mm x 210mm 280mm x 190mm 303mm x 216mm 123mm x 181mm 250mm x 121mm 45mm x 181mm 247mm x 45mm 205mm x 134mm 267mm x 374mm 303mm x 426mm sizes 728x90 pixels 300x250 pixels 300x600 pixels 300x50 pixels File size both - swf: 40k, gif,: 20k Acceptable formats - HTML, gif, swf Briefings leaderboard - 155mm wide x 15mm high, 520x90 pixels, in gif, jpeg or png file COPY DEADLINES IFR is published on Saturday IFR Weekly Every Thursday IFR Special Reports Three weeks before publication date IFR retains advertising copy for up to one year before it is discarded. a b c All advertisements are accepted at the Editor s discretion IFR MEDIA INFORMATION 13

14 ADVERTISING CONTACTS Americas and EMEA Leonie Welss Tel: +44 (0) Marianna Masters Tel: +44 (0) Production Gloria Balbastro Tel: +44 (0) Thomson Reuters Francesca Colombo Tel: +44 (0) Asia Shahid Hamid Tel: + (65) Thomson Reuters Thomson Reuters is the world s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare, and science and media markets, powered by the world s most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 55,000 people and operates in over 100 countries. For more information, go to thomsonreuters.com. IFR MEDIA INFORMATION 14