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  • Kenya snares another $750m flat to curve

    Kenya tapped its 2019 and 2024 bonds on Tuesday paying no premium, by some estimates, to its outstanding bonds and growing the longer dated deal to $2bn, the biggest single tranche from a sub-Saharan African borrower.

    • 26 Nov 2014
  • Pakistan aims for $1bn sukuk at tight end of guidance

    Pakistan has set the final terms for its five year dollar benchmark sukuk. The deal will be between $750m and $1bn. Pricing is expected to follow on Wednesday in the early afternoon, London time.

    • 26 Nov 2014
  • Nomura the latest to be frozen out as winter chill sets in

    Nomura became the fourth financial credit to postpone the sale of senior unsecured debt in less than a week on Tuesday, calling time on a self-led five year sterling print during the bookbuilding process.

    • 26 Nov 2014
  • EU taps 15 year for €500m

    The European Union tapped a 15 year bond at the tight end of guidance on Wednesday, just a day after a Belgian agency postponed a €300m placement.

    • 26 Nov 2014
  • French agency nips in with euro mandate

    A French agency is set to join the European Union in tapping an outstanding euro benchmark this week, after mandating a bank for a deal late on Wednesday afternoon.

    • 26 Nov 2014
  • Christmas is coming, the books are getting fat

    Other markets may be beginning to experience some pre-festive blues, but not corporate bonds. Europe’s market is making the most of a November with most companies out of earnings blackouts and the vague hint in the background that the European Central Bank might pile in as a buyer before long.

    • 26 Nov 2014

People and Markets

  • Op risk avalanche starts to roll with RBS fines

    Fines UK authorities imposed on Royal Bank of Scotland could herald a much greater focus from bank overseers on operational risk — and the willingness to use penalties to keep banks in line.

    • 20 Nov 2014
  • DCM veteran returns to the market to co-head UBS corporates

    A veteran primary markets banker has returned to the market after a 20 month hiatus to co-head EMEA corporate debt capital markets at UBS.

    • 20 Nov 2014
  • UK’s bonus cap challenge binned

    The UK’s challenge to European Union’s bonus cap for bank employees has been ditched, after the advocate general for the highest court in the EU said the law was valid. UK authorities had fought against the limits, with the Bank of England arguing that it made banks weaker by raising fixed costs.

    • 20 Nov 2014
  • Financial Policy Committee’s Taylor skewers AT1

    Martin Taylor, an external member of the Bank of England’s Financial Policy Committee, on Wednesday night delivered a broadside attacking the additional tier one market as it exists today, in a speech to the Oliver Wyman Institute.

    • 20 Nov 2014

GlobalCapital View

  • The SSA market has changed — and banks will be welcomed back

    When UBS exited the supranational and agency bond business in 2012 there were justifiable concerns that more and more dealers, straining under the cost of supporting this most important part of the capital markets, would follow suit. But the sector has changed — and even those dealers that left clients in the lurch should not be afraid to rebuild old relationships. They may even find themselves welcomed back with open arms.

  • Daddy isn’t superman: Accepting the limits of easing

    Somewhere on this blue earth, there is probably a tear-stained drawing of Ben Bernanke in billowing red cape and blue spandex suit with the acronym ‘QE’ emblazoned on his powerful chest.

  • There’s a hidden warning in the Petrobras scandal — and it has nothing to do with corruption

    Bonds of Brazilian corporates affected by the Petrobras corruption scandal have flunked in the last week. But prices jumping about at such speed tells us less about the credits in question than about a broader market malaise.

  • Taking it slowly is the right approach for CGIF

    In the four years since it was set up, the Asian Development Bank’s Credit Guarantee & Investment Facility (CGIF) has only brought four issuers to sell bonds. While some may view this level of activity as a failure, if you look beyond the numbers it’s clear CGIF wants to make a long term impact rather than a short term buzz.

  • Agarwal and Williams to co-head Credit Suisse’s market solutions group

    Sandeep Agarwal, head of EMEA debt capital markets and Nick Williams, head of EMEA equity capital markets, will become co-heads of the EMEA global markets solutions group (GMSG), the wider structure that includes ECM, DCM, leveraged finance, equity derivatives, debt derivatives, restructuring, liability management and ratings advisory.

    • 20 Nov 2014
  • Nomura’s EMEA boss Bennett quits

    Jeremy Bennett, Nomura’s EMEA CEO, resigned from the bank this week to pursue other opportunities in the charitable sector and in emerging markets.

    • 20 Nov 2014
  • OCC taps First Midwest chief as CFO

    Kimberly McGarry, ex-senior vp and chief accounting officer at First Midwest Bank, has joined the Options Clearing Corporation as senior vp president and chief financial officer.

    • 19 Nov 2014
  • BNPP restructures CIB, Janbon steps back as fixed income head

    Yann Gerardin has overseen a radical restructuring of BNP Paribas's corporate and investment bank following his appointment as its head last month.

    • 19 Nov 2014

Leaders

More Stories

Global IB Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Nov 2014
1 JPMorgan 5,533.36 3911 7.94%
2 Bank of America Merrill Lynch 4,652.14 3850 6.68%
3 Goldman Sachs 4,631.33 2364 6.65%
4 Morgan Stanley 4,146.34 2978 5.95%
5 Deutsche Bank 3,820.14 2946 5.48%

Global M&A Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Nov 2014
1 Goldman Sachs 3,126.60 440 0.00%
2 JPMorgan 2,710.63 350 0.00%
3 Morgan Stanley 2,109.12 363 0.00%
4 Bank of America Merrill Lynch 2,070.67 298 0.00%
5 Citi 1,733.85 314 0.00%

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Nov 2014
1 JPMorgan 298,805.91 1181 8.14%
2 Barclays 268,207.66 919 7.30%
3 Citi 262,519.94 1020 7.15%
4 Deutsche Bank 259,366.94 1042 7.06%
5 Bank of America Merrill Lynch 253,285.00 906 6.90%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Nov 2014
1 Deutsche Bank 50,391.33 134 7.40%
2 BNP Paribas 47,024.00 196 6.90%
3 Citi 37,662.62 104 5.53%
4 HSBC 32,812.42 174 4.82%
5 Credit Agricole CIB 32,328.17 135 4.75%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Nov 2014
1 JPMorgan 24,215.02 117 9.07%
2 Goldman Sachs 23,224.16 78 8.70%
3 Deutsche Bank 20,943.82 79 7.85%
4 UBS 20,462.41 83 7.67%
5 Bank of America Merrill Lynch 19,151.02 70 7.17%