Sterling iTraxx Trades Hit GBP350 Million

  • 10 Jan 2006
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An estimated GBP350 million (USD618 million) in notional has been traded on the sterling iTraxx credit-default swap index, SDI-75, since its launch late November (DW, 11/23). Traders say demand has been driven by U.K. fund managers hedging sterling bond portfolios, noting protection buying is in sizes of GBP5 million plus. "With trades done in decent sizes it indicates funds are matching liabilities," said one credit official at a U.K. house.

Officials said they expect volumes to soar in the second half of this year as more sterling bond-fund managers gain approval to take positions using credit derivatives. "They will take advantage of the index to hedge positions as well as to put cash redemptions to work," said one analyst, noting a number of funds have put approval procedures in place. Trading of the 10-year fixed-rate note linked the index, SDI-75 Funding, has also been steady, noted traders, but has not matched volumes of the unfunded contract.
  • 10 Jan 2006

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 Citi 22,118.13 61 9.00%
2 Barclays 20,987.41 55 8.54%
3 JPMorgan 17,406.75 53 7.08%
4 HSBC 16,333.52 48 6.64%
5 Goldman Sachs 15,454.74 49 6.29%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 Commerzbank Group 114.00 1 66.16%
2 CaixaBank 37.05 1 21.50%
3 UniCredit 10.62 1 6.17%
3 BNP Paribas 10.62 1 6.17%
Subtotal 172.30 3 100.00%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 SG Corporate & Investment Banking 770.06 2 16.80%
2 Goldman Sachs 656.16 2 14.32%
3 JPMorgan 527.28 4 11.50%
4 Emirates NBD PJSC 408.38 1 8.91%
5 Deutsche Bank 321.53 3 7.01%