JPMorgan Markets Equity First-To-Default Basket

JPMorgan is pitching first-to-default type instruments linked to equity-default swaps.

  • 24 Nov 2004
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JPMorgan is pitching first-to-default type instruments linked to equity-default swaps. The structure uses deep out-of-the-money equity barrier options known as equity-default swaps (DW, 2/6/03). Martin Bertsch, head of financial engineering in London, said it has started marketing the structures to sophisticated institutional investors and hedge funds.

JPMorgan is marketing deals with a maturity of five years, but Bertsch declined to comment on the size of any trades. The move is part of an ever increasing convergence between equity and credit derivatives. In the last year, banks have also started marketing collateralized debt obligations with an EDS component (DW, 2/8).

  • 24 Nov 2004

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 Citi 22,118.13 61 9.00%
2 Barclays 20,987.41 55 8.54%
3 JPMorgan 17,406.75 53 7.08%
4 HSBC 16,333.52 48 6.64%
5 Goldman Sachs 15,454.74 49 6.29%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 Commerzbank Group 114.00 1 66.16%
2 CaixaBank 37.05 1 21.50%
3 UniCredit 10.62 1 6.17%
3 BNP Paribas 10.62 1 6.17%
Subtotal 172.30 3 100.00%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 SG Corporate & Investment Banking 770.06 2 16.80%
2 Goldman Sachs 656.16 2 14.32%
3 JPMorgan 527.28 4 11.50%
4 Emirates NBD PJSC 408.38 1 8.91%
5 Deutsche Bank 321.53 3 7.01%