Future's Bright For Swap Volumes

  • 16 Jun 2003
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Derivative houses in Malaysia, including ABN AMRO and HSBC, expect interest rate swap volumes to rocket with the impending launch of three and 10-year bond futures. "This will definitely help," said Aik Sai Hong, treasurer at HSBC in Kuala Lumpur. Hong estimated that average monthly interest rate derivatives trading volumes range from MYR700 million to MYR1 billion (USD185-264 million) and that once the contracts are introduced volumes could swell by 20-35%.

"This is one step further for the development of the market," said Raymond Yeoh, head of financial markets at ABN AMRO in Kuala Lumpur. Market officials said the contracts will boost liquidity in the interest rate swap market and make it easier for firms to hedge positions. An official at another international house said bond futures will aid in spurring product development, including a wider acceptance of interest rate options.

The Malaysian Derivatives Exchange has signaled that it will likely permit the products in the coming months, but has not given a specific timeframe. Hong, however, expects three-year contracts to be introduced within three months, adding that 10 year contracts will take longer. MDEX currently lists five-year bond futures. Sree Kumar, of the strategic planning and product development department at the MDEX in Kuala Lumpur, did not respond to messages.

  • 16 Jun 2003

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 Citi 253,106.92 930 8.89%
2 JPMorgan 230,914.50 1036 8.11%
3 Bank of America Merrill Lynch 221,389.46 762 7.78%
4 Goldman Sachs 171,499.26 554 6.03%
5 Barclays 169,046.60 646 5.94%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Jul 2017
1 HSBC 27,039.93 106 7.36%
2 Deutsche Bank 25,125.19 81 6.84%
3 Bank of America Merrill Lynch 23,128.33 61 6.29%
4 BNP Paribas 19,315.94 110 5.26%
5 Credit Agricole CIB 18,706.93 106 5.09%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Jul 2017
1 JPMorgan 13,488.13 59 8.47%
2 Citi 11,496.21 73 7.22%
3 UBS 11,302.86 45 7.09%
4 Morgan Stanley 10,864.95 59 6.82%
5 Goldman Sachs 10,434.21 54 6.55%