Axiom Executes First USD1 Billion iBoxx Trade

U.S. broker Axiom Global Partners has executed a USD1 billion single credit derivatives trade, believed to be the largest ever trade of its kind.

  • 02 May 2004
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U.S. broker Axiom Global Partners has executed a USD1 billion single credit derivatives trade, believed to be the largest ever trade of its kind. Wesley Wang, partner in New York, said the trade was referenced to the North American investment grade iBoxx index. He declined to name the counterparties.

The trade came hot on the heels of of an agreement last week in which the iBoxx indices will be merged with TRAC-X globally. With all the major dealers planning trading the same product, larger trades are now more feasible, noted Wang. The average size of trades, which currently stands at USD50-100 million, is also likely to grow as the market continues to become more liquid, he added.

  • 02 May 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%