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
Email a colleague
Request a PDF

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

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%