Bankers hope for return of deals as PBoC settles liquidity fears

Asia’s financial markets began to recover from fears of a Chinese liquidity crunch on Wednesday after the People’s Bank of China (PBoC) released a statement on Tuesday saying that it would execute money market operations to stabilise markets and ease the pressure on banks. In response, DCM bankers dared to hope that prospects for dealflow would now improve.

  • By Frances J. Yoon
  • 26 Jun 2013

China’s Shanghai Interbank Offered Rate (Shibor), which had shot up to a high of 13.44% on June 20 — although individual overnight repo trades were spotted that day as high as 25% — had fallen to 5.5% by the Wednesday fixing, down from Tuesday’s 5.83%.

Cash prices on ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 133,659.38 579 7.19%
2 Bank of America Merrill Lynch 118,675.27 539 6.38%
3 Citi 104,283.26 546 5.61%
4 Goldman Sachs 87,171.48 357 4.69%
5 Barclays 82,724.67 361 4.45%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 23,620.31 106 8.93%
2 Barclays 19,796.44 75 7.48%
3 Deutsche Bank 17,925.12 74 6.77%
4 HSBC 16,031.84 71 6.06%
5 SG Corporate & Investment Banking 14,554.56 78 5.50%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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1 JPMorgan 5,442.63 45 7.89%
2 Goldman Sachs 4,801.82 38 6.96%
3 Deutsche Bank 4,751.46 46 6.89%
4 Credit Suisse 4,353.57 48 6.31%
5 Barclays 4,263.74 37 6.18%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 28,018.08 214 10.92%
2 Bank of America Merrill Lynch 21,116.58 187 8.23%
3 Citi 21,099.90 168 8.23%
4 Goldman Sachs 19,427.53 135 7.58%
5 Barclays 17,943.05 119 7.00%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 22,816.78 75 6.60%
2 HSBC 22,736.18 101 6.58%
3 BNP Paribas 22,463.50 107 6.50%
4 Barclays 21,638.43 92 6.26%
5 Citi 19,258.04 79 5.57%