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
  • 09 Jun 2017
1 Citi 206,449.53 755 8.84%
2 JPMorgan 192,919.68 823 8.26%
3 Bank of America Merrill Lynch 175,174.46 602 7.50%
4 Barclays 144,195.77 526 6.17%
5 Goldman Sachs 139,497.22 445 5.97%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Jun 2017
1 Deutsche Bank 23,530.61 67 7.96%
2 HSBC 20,994.25 74 7.11%
3 Bank of America Merrill Lynch 20,490.14 49 6.93%
4 Credit Agricole CIB 15,076.29 72 5.10%
5 BNP Paribas 14,834.05 81 5.02%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Jun 2017
1 JPMorgan 11,392.30 49 8.12%
2 Citi 10,426.00 64 7.43%
3 Goldman Sachs 10,066.34 50 7.17%
4 UBS 9,938.21 40 7.08%
5 Morgan Stanley 9,069.90 50 6.46%