UBS Fires Up Super Senior Debut In Japan

UBS started marketing its first managed leveraged super senior synthetic collateralized debt obligation in Japan.

  • 28 Oct 2005
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UBS started marketing its first managed leveraged super senior synthetic collateralized debt obligation in Japan. "Super senior deals still offer relative value and there's almost 0% default risk," said an official at the firm. He continued that given the recent volatility in the credit markets, with Delphi Corp. and Refco as examples, clients in Japan are shifting away from static deals to managed transactions. The firm is currently in dialogue with customers and rating agencies and expects to close the deal in coming weeks. The official noted the deal will be referenced to a pool of global credits and will be looked over by a U.S. manager, declining to further elaborate.

Interest in leveraged super senior deals has picked up in recent months, with such houses as BNP Paribas and JPMorgan closing deals in Japan (DW, 8/12).

  • 28 Oct 2005

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 318,645.99 1207 8.88%
2 JPMorgan 291,870.93 1330 8.14%
3 Bank of America Merrill Lynch 285,392.08 993 7.95%
4 Goldman Sachs 218,480.36 718 6.09%
5 Barclays 210,235.01 814 5.86%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 HSBC 32,320.82 147 6.67%
2 Deutsche Bank 32,259.50 104 6.66%
3 Bank of America Merrill Lynch 28,890.43 85 5.96%
4 BNP Paribas 25,663.29 144 5.30%
5 Credit Agricole CIB 22,617.86 130 4.67%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 JPMorgan 18,160.85 71 9.15%
2 Morgan Stanley 15,215.44 76 7.67%
3 UBS 14,195.29 55 7.15%
4 Citi 14,014.57 86 7.06%
5 Goldman Sachs 12,113.98 67 6.10%