CB buyers get Euroyen scraps as Europe languishes

With little new European equity linked issuance in the last two months, a couple of small Euroyen offers have given investors at least something to feed on. For issuance from Europe to resume in earnest, the wait continues for issuers to get comfortable with share prices as new research illustrates the correlation between trailing market performance and new issue volumes.

  • 13 Jul 2012

Osaki Electric, an electronic meter manufacturer, sold the latest Euroyen CB, a ¥6bn ($75m) five year zero coupon deal, priced on Tuesday through Nomura. It has a ¥2bn greenshoe.

But, even though it was the second Euroyen CB in July, following a ¥5bn deal for logistics firm Senko ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 313,852.39 1175 8.95%
2 JPMorgan 286,674.13 1305 8.17%
3 Bank of America Merrill Lynch 281,869.72 974 8.04%
4 Goldman Sachs 214,547.99 704 6.12%
5 Barclays 205,147.76 790 5.85%

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 6.84%
2 HSBC 31,343.18 140 6.70%
3 Bank of America Merrill Lynch 28,468.55 82 6.09%
4 BNP Paribas 24,679.63 135 5.28%
5 SG Corporate & Investment Banking 22,195.55 122 4.75%

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%