Kiwi Fund Manager Readies Credit Debut

  • 16 Jun 2003
Email a colleague
Request a PDF

AMP Henderson Global Investors (NZ), with over NZD11 billion (USD6.3 billion) in assets, is preparing to enter the credit derivatives market for the first time in the coming months. Peter Scobie, senior portfolio manager of fixed interest in Wellington, said the manager has been reviewing counterparty arrangements and studying products but noted that the lack of standardized documents has delayed its debut, which it began considering last year (DW, 2/24/02). He noted, however, that the asset manager is looking at credit-linked notes and credit-default swaps for its over NZD3 billion fixed income portfolio, as well as CDOs. It will likely take the plunge in the coming months.

Scobie said AMP could earmark USD5-10 million for a AA or higher rated tranche of a global synthetic CDO. "We've been looking at portfolios that are predominately offshore but do include some Australasian names," said Scobie, noting that he is speaking with several houses that have offices in New Zealand.

The asset manager will pick counterparties on the basis of the attracitiveness and diversity of the product, documentation and pricing.

 

  • 16 Jun 2003

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%