Not getting enough for their money: treasurers mull self-arranged bonds

Quite a lot for not very much: this is how corporate treasurers are starting to view the fees they pay out to banks to raise money for them in the capital markets. With corporate paper in such demand, and companies already well connected to investors, banks will have to work harder than ever to justify their place in the food chain, writes Nina Flitman.

  • 10 Aug 2012

It’s not enough that corporates are out-performing their banks in almost every area of the markets — now they think they might be able to do the bankers’ own jobs better as well.

Corporate bonds are in such strong demand that some issuers think they could self-arrange deals and ...

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New! GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 7,171 21 10.72
2 Bank of America Merrill Lynch (BAML) 6,901 20 10.32
3 JP Morgan 4,776 10 7.14
4 Credit Suisse 4,718 9 7.05
5 Lloyds Bank 4,420 14 6.61

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Oct 2016
1 Wells Fargo Securities 68,611.22 170 11.38%
2 Bank of America Merrill Lynch 59,056.08 169 9.80%
3 JPMorgan 56,861.85 163 9.43%
4 Citi 56,521.05 165 9.38%
5 Credit Suisse 44,888.95 123 7.45%