Average Cash-CDS Basis By Sector

  • 12 Jun 2009

Average Cash-CDS Basis By Sector
 Average IG   Consumer 
  Basis*FinancialsIndustrialsUtilitiesProducts
5/6/2009-92.13-62.63-105.31-113.78-94.4
8/6/2009-81.41-49.09-99.84-101.71-86.34
9/6/2009-88.99-61.23-105.96-106.39-88.86
10/6/2009-79.92-53.27-93.59-105.91-86.13
11/6/2009-80.5-54.5-95.4-107-86.2
*Universe comprises over 3000 investment grade corporate bonds
Source: Citigroup

Basis here represents the difference between the derivatives market and the cash market (CDS spread minus bond spread).
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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 358,291.38 1348 9.06%
2 JPMorgan 320,704.66 1461 8.11%
3 Bank of America Merrill Lynch 318,128.31 1104 8.04%
4 Goldman Sachs 236,643.87 789 5.98%
5 Barclays 231,197.41 895 5.84%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 35,007.57 165 6.53%
2 Deutsche Bank 34,880.53 120 6.51%
3 Bank of America Merrill Lynch 31,805.65 97 5.93%
4 BNP Paribas 27,920.60 169 5.21%
5 SG Corporate & Investment Banking 24,398.89 138 4.55%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 19,745.92 80 8.85%
2 Morgan Stanley 16,334.63 83 7.32%
3 Citi 15,972.34 95 7.16%
4 UBS 15,487.17 60 6.94%
5 Goldman Sachs 14,053.61 76 6.30%