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  • ECM on tenterhooks as stocks bungee jump ahead of primary parade

    Equity capital market bankers, many of them having just completed the traditional late summer migration from deck chair to desktop, put on brave faces this week, as they took in the sudden collapse, then partial recovery, of global stocks.

    • 27 Aug 2015
  • Nippy KfW shows Europe how it's done

    KfW showed public sector issuers exactly what it takes to get euro investors reaching into their pockets this week — a hefty new issue premium, writes Tessa Wilkie.

    • 27 Aug 2015
  • Banks clean up with UK ‘super sewer’ project financing

    The UK’s gargantuan £4.2bn infrastructure project, the Thames Tideway Tunnel, will delight institutional investors and bankers alike with as much as £2.8bn of rare inflation-linked bond issuance. Elly Whittaker reports.

    • 27 Aug 2015
  • Stock market turbulence weighs on M&A

    Yo-yoing global equity markets will shock M&A in Europe but will not stem deal flow altogether, as savvy companies continue to make strategic plays, write Dan Alderson and Elly Whittaker.

    • 27 Aug 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
  • China papers over cracks with yet more rate cuts

    China cut rates this week for the fifth time since November as it tried to stem the tide of a slowing economy, which has prompted a fire sale across the region’s equities and debt market. But observers are questioning the effectiveness of the cuts, which does not bode well for the pipeline for the rest of 2015, write Narae Kim and Rev Hui.

    • 27 Aug 2015
  • Nationwide caps Hong Kong dollar revival

    Nationwide Building Society has splashed out in the Hong Kong dollar market, selling its largest ever note in the currency. The deal comes amid a “revival” for the currency and as European financial issuers are “in vogue” in Hong Kong, but dealers are divided over whether more issuance is likely.

    • 27 Aug 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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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

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Aug 2015
1 JPMorgan 239,817.90 936 8.77%
2 Bank of America Merrill Lynch 209,048.28 754 7.65%
3 Citi 205,180.03 781 7.51%
4 Barclays 202,973.78 663 7.43%
5 Deutsche Bank 166,774.76 711 6.10%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Aug 2015
1 HSBC 30,467.15 114 7.57%
2 BNP Paribas 25,588.59 151 6.36%
3 Deutsche Bank 22,913.58 107 5.69%
4 JPMorgan 22,033.74 51 5.47%
5 Credit Agricole CIB 19,707.84 94 4.90%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Aug 2015
1 Goldman Sachs 18,546.79 60 10.28%
2 UBS 18,071.09 62 10.02%
3 JPMorgan 14,894.81 76 8.26%
4 Bank of America Merrill Lynch 14,330.10 59 7.94%
5 Morgan Stanley 13,773.06 64 7.64%