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  • European ABS market burns rubber after bank holiday

    The European structured finance market is getting off to an energetic post-summer start, with a UK auto ABS, a German auto ABS, a UK non-conforming RMBS, a UK prime RMBS and a Dutch prime RMBS all being prepared to hit the primary market.

    • 01 Sep 2015
  • Portugal takes periphery lead — but curve options cut

    Portugal will become the first eurozone periphery sovereign to test the post-summer syndication market — but its choice of tenor has been limited by several weeks of turmoil in global markets.

    • 01 Sep 2015
  • Russia's Norilsk Nickel heads out on the road

    Russian mining company Norilsk Nickel is undertaking series of investor update meetings in early September.

    • 01 Sep 2015
  • SSE signals improved tone for corps

    UK energy company SSE opened up the week’s issuance for corporate bonds on Tuesday, overcoming less-than-ideal market conditions to gather a solidly oversubscribed order book for an eight year bond.

    • 01 Sep 2015
  • Global Derivatives Awards 2015 — the nominees

    It is with great pleasure that GlobalCapital announces the nominees for its Global Derivatives Awards 2015. The winners will be unveiled at a gala dinner in London on September 24.

    • 28 Jul 2015
  • Canadians charge for euros

    Canadian Imperial Bank of Commerce and Toronto-Dominion Bank launched euro floaters on Tuesday morning, and bankers expect fellow North American banks to follow their lead in the next few sessions.

    • 01 Sep 2015
  • SEC could help stop sukuk slump

    Saudi Electricity Co has received approval from its executive committee for a new sukuk programme and a revolving credit facility. If the firm deploys the former this year it should help breathe life into a sukuk market that has lost much of its steam after a strong start to the year.

    • 01 Sep 2015

People and Markets

  • Nomura cuts more as bankers return from holidays

    Nomura’s cuts to its global markets division have spread further, as senior bankers and traders have returned from holidays to find their positions at risk of redundancy.

    • 27 Aug 2015
  • Fusion power: BNPP’s corporate combination

    Since Yann Gérardin took over as boss of the investment bank at BNP Paribas, the bank has been all about combinations. Strip out the corporate speak, and the big changes are a merger of equities and fixed income in the markets division, and a merger of loans and bonds in primary markets. GlobalCapital caught up with Renaud-Franck Falce, who runs the combined corporate debt team, to find out how the new approach is working.

    • 27 Aug 2015
  • RBC slips from bumper beginning

    For the third quarter this year (April to July), profits at Royal Bank of Canada’s capital markets division fell, but the numbers still look strong.

    • 27 Aug 2015

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Olly Copplestone's Cartoon

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Old Money

  • Old Money: The end of cheap money?

    Since March 2009 Britain’s benchmark official rate has been 0.5% — the lowest rate in the Bank of England’s 320 year history, its long term average being about 4.5%. But recently BoE's governor Mark Carney speculated that it will begin to rise from the end of the year to around 2%, possibly heralding the end of the era of cheap money.

    • 27 Aug 2015

The GlobalCapital View

  • Don’t write off September for high yield just yet

    Predictions for European high yield bond issuance in September range from the optimistic to those who say the cupboard is bare. But do not underestimate the market's resilience — for the right deal, investors could come out in droves.

    • 01 Sep 2015
  • KfW corker a sparkling example for euro deals

    Paying up to get size away in euros is a painful idea for public sector funding officials. But they will have to swallow their objections if they want to bring bulky deals in September.

    • 01 Sep 2015
  • IOC sell-down: a dark day for India divestment

    The Indian government scored a big coup last week, selling a stake in Indian Oil Corp (IOC) on a day when markets globally were roiling in volatility. But the fact that it relied on the Life Insurance Corporation of India (LIC) to push the deal through is wrong, and casts a shadow on the country’s divestment programme.

    • 01 Sep 2015

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 31 Aug 2015
1 JPMorgan 243,969.85 964 8.84%
2 Bank of America Merrill Lynch 210,446.44 761 7.63%
3 Citi 205,935.79 792 7.47%
4 Barclays 203,416.66 665 7.37%
5 Deutsche Bank 169,399.16 717 6.14%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 32,368.00 126 7.61%
2 BNP Paribas 28,138.91 163 6.62%
3 Deutsche Bank 23,183.31 112 5.45%
4 JPMorgan 22,530.82 53 5.30%
5 Credit Agricole CIB 19,896.43 97 4.68%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 18,546.79 60 10.27%
2 UBS 18,071.09 62 10.01%
3 JPMorgan 14,894.81 76 8.25%
4 Bank of America Merrill Lynch 14,330.10 59 7.94%
5 Morgan Stanley 13,773.06 64 7.63%