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 %
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  • Today
1 Citi 315,127.01 1180 8.93%
2 JPMorgan 287,462.46 1311 8.15%
3 Bank of America Merrill Lynch 283,091.16 983 8.02%
4 Goldman Sachs 215,276.84 707 6.10%
5 Barclays 206,805.33 799 5.86%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 31,971.88 102 6.82%
2 HSBC 31,420.91 141 6.70%
3 Bank of America Merrill Lynch 28,468.55 82 6.07%
4 BNP Paribas 24,740.49 136 5.28%
5 SG Corporate & Investment Banking 22,195.55 122 4.73%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 15,956.24 68 8.20%
2 Morgan Stanley 15,028.69 75 7.73%
3 UBS 14,195.29 55 7.30%
4 Citi 13,827.82 85 7.11%
5 Goldman Sachs 11,994.74 65 6.17%