CPPI Coupon Ratings Top Dealers' Wish List

Dealers are asking rating agencies to rate the coupon component of constant proportion portfolio insurance notes because more ratings-based investors are looking to buy into the credit strategy.

  • 16 Jun 2006
Email a colleague
Request a PDF

Dealers are asking rating agencies to rate the coupon component of constant proportion portfolio insurance notes because more ratings-based investors are looking to buy into the credit strategy. Dealers say ratings would grow the investor base for the product and allow them to tap retail players who are big buyers of capital-protected risk.

At present, agencies rate only the likelihood of an investor getting principal back at maturity. "We are developing methodologies to meet this demand," said Katrien van Acoloyen, structured finance analyst at Standard & Poor's. Methodologies will likely center around where the triggers are set which move invested assets between the risky and safe buckets.

  • 16 Jun 2006

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Mar 2017
1 JPMorgan 94,925.33 384 8.39%
2 Citi 87,531.58 331 7.74%
3 Bank of America Merrill Lynch 84,341.49 288 7.46%
4 Barclays 75,288.19 241 6.66%
5 Goldman Sachs 68,504.71 208 6.06%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 May 2017
1 Deutsche Bank 19,381.65 47 8.82%
2 Bank of America Merrill Lynch 18,968.25 36 8.63%
3 HSBC 18,103.95 50 8.24%
4 BNP Paribas 8,911.57 55 4.05%
5 SG Corporate & Investment Banking 8,885.00 54 4.04%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 May 2017
1 JPMorgan 8,714.26 35 8.36%
2 UBS 8,283.47 33 7.95%
3 Goldman Sachs 7,736.57 37 7.42%
4 Citi 6,897.11 46 6.62%
5 Bank of America Merrill Lynch 6,215.31 24 5.96%