Buysiders Tap Receivers Ahead Of March CDS Changes And AQR

Hedge funds, fast money and real money are buying longer-term receivers on Senior Financials with strikes at 100 basis points, 95 bps and some 80 bps for technical reasons, including the desire to position ahead of new credit default swap definitions due in March. The Asset Quality Review due at the end of the year is also weighing on spreads, with equity underperforming Senior Financials as banks seek to reduce the size of their balance sheets.

  • 28 Nov 2013
Hedge funds, fast money and real money are buying longer-term receivers on Senior Financials with strikes at 100 basis points, 95 bps and some 80 bps for technical reasons, including the desire to position ahead of new credit default swap definitions due in March. The Asset Quality Review ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 414,341.60 1584 9.05%
2 JPMorgan 376,530.42 1722 8.23%
3 Bank of America Merrill Lynch 357,892.56 1291 7.82%
4 Goldman Sachs 265,958.80 913 5.81%
5 Barclays 263,382.44 1050 5.75%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 44,979.63 190 6.73%
2 Deutsche Bank 37,019.66 134 5.54%
3 BNP Paribas 35,303.69 205 5.28%
4 JPMorgan 33,752.71 110 5.05%
5 Bank of America Merrill Lynch 32,865.23 106 4.91%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 22,398.41 104 8.72%
2 Morgan Stanley 18,608.72 99 7.25%
3 Citi 17,768.49 110 6.92%
4 UBS 17,372.80 70 6.77%
5 Goldman Sachs 17,228.66 97 6.71%