Hopes For Japan CPPI Heat Up

Credit derivative houses in Japan are preparing for a flurry of credit products using constant proportion portfolio insurance this quarter.

  • 06 Jan 2006
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Credit derivative houses in Japan are preparing for a flurry of credit products using constant proportion portfolio insurance this quarter. Credit sales pros have been doing the rounds with clients to explain the product and expect to see demand now investors understand the capital protection mechanism.

"This market will take off exponentially this year [because] clients are attracted to the high returns and ratings," predicted a senior credit marketer at a European house in Tokyo. The product is targeted at investors holding Japanese government bonds and looking for higher returns coupled with principal protection. End users that were shown the product last year have been getting internal approvals and systems in place for the effort and should begin closing deals shortly, said the marketer. The CPPI-linked deals will likely be linked to iTraxx index tranches and sold in yen.

  • 06 Jan 2006

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Citi 244,235.70 910 8.87%
2 JPMorgan 223,767.95 1021 8.13%
3 Bank of America Merrill Lynch 211,276.97 750 7.68%
4 Barclays 166,062.82 634 6.03%
5 Goldman Sachs 162,877.27 537 5.92%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 25,385.87 103 7.10%
2 Deutsche Bank 25,125.19 81 7.03%
3 Bank of America Merrill Lynch 22,023.57 59 6.16%
4 BNP Paribas 18,766.65 109 5.25%
5 Credit Agricole CIB 18,157.63 105 5.08%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 JPMorgan 12,578.87 55 8.17%
2 Citi 11,338.07 71 7.36%
3 UBS 10,682.06 44 6.93%
4 Goldman Sachs 10,419.53 53 6.76%
5 Morgan Stanley 10,194.88 57 6.62%