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
Email a colleague
Request a PDF

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
  • 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%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 May 2017
1 Deutsche Bank 19,381.65 47 8.82%
2 Bank of America Merrill Lynch 18,968.25 36 8.63%
3 HSBC 18,103.95 50 8.24%
4 BNP Paribas 8,911.57 55 4.05%
5 SG Corporate & Investment Banking 8,885.00 54 4.04%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 May 2017
1 JPMorgan 8,714.26 35 8.36%
2 UBS 8,283.47 33 7.95%
3 Goldman Sachs 7,736.57 37 7.42%
4 Citi 6,897.11 46 6.62%
5 Bank of America Merrill Lynch 6,215.31 24 5.96%