ABN AMRO, DeAM Pitch Protected Credit Notes

ABN AMRO and Deutsche Asset Management are road showing credit-linked notes with capital protection to investors in Europe and Asia.

  • 20 Jan 2006
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ABN AMRO andDeutsche Asset Management are road showing credit-linked notes with capital protection to investors in Europe and Asia. On offer are eight and 10-year notes denominated in U.S. dollars and euros, linked to a long/short credit portfolio.

DeAM will manage leverage and make substitutions to the underlying portfolio, which employs constant proportion portfolio insurance to protect capital invested. The portfolio consists of predominately investment-grade credit, ranging from credit-default swaps and asset-swaps on bonds to constant-maturity CDS and credit indices.

Called Dynamic Credit Protection, the deal was arranged on the back of investor appetite for capital-protected structures. The deal is meant to have broad-reaching appeal with banks, insurance companies and a small number of corporates. Structuring officials at ABN and DeAM declined comment. The structure is expected to be priced by March.

  • 20 Jan 2006

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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%

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Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Mar 2017
1 Bank of America Merrill Lynch 10,650.87 23 11.13%
2 Deutsche Bank 8,169.49 17 8.53%
3 HSBC 6,243.46 23 6.52%
4 Citi 4,355.35 13 4.55%
5 SG Corporate & Investment Banking 4,273.37 17 4.46%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Mar 2017
1 JPMorgan 5,440.56 17 10.74%
2 Deutsche Bank 4,468.97 23 8.82%
3 UBS 3,742.72 17 7.39%
4 Citi 3,393.89 23 6.70%
5 Goldman Sachs 3,360.93 18 6.63%