ING Pitches Retail Follow-Up

ING Financial Markets began marketing its second equity-linked note to retail investors in Hong Kong last week, after making its debut in this hotly-contested market early this year (DW, 1/24).

  • 22 Apr 2005
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ING Financial Markets began marketing its second equity-linked note to retail investors in Hong Kong last week, after making its debut in this hotly-contested market early this year (DW, 1/24). Dubbed the ING Lion ELN Series II, the two-year worst-of structure is linked to five blue-chip shares in the property and financial sectors, including Cheung Kong Holdings and HSBC. Edwin Bernard, Asian head of equity derivative product sales in Hong Kong, said, "This is a more defensive product as the overall market is trading in a range without a clear direction." He added, "We still see strength in these two sectors, particularly for a two-year outlook."

The note, which will close in mid-May, delivers shares of the worst-performing stock if a strike level expected to be set at 92% of the initial value is hit. A minimum coupon of 5.5% will be paid annually, with a maximum upside potential of around 40% for the total two-year life. "This product is a great way to pick up yield in the current environment while the defensive nature of the underlying shares lowers the chance of the laggard share being delivered," noted Bernard.

  • 22 Apr 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
  • 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
  • 25 Apr 2017
1 JPMorgan 7,281.63 28 8.86%
2 Deutsche Bank 5,994.13 30 7.29%
3 UBS 5,678.69 26 6.91%
4 Citi 4,934.67 35 6.00%
5 Goldman Sachs 4,802.16 24 5.84%