Structured Note Sold In China

  • 23 Jun 2003
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Crédit Agricole Indosuez last week completed a USD50 million single tranche structured mezzanine note, believed to be one of the first sold in the mainland. "There's been lots of potential for CDOs in all of Asia--it's only natural that customers in China also follow the trend," said Pierre Trecourt, Asian head of credit derivatives structuring at CAI in Hong Kong.

The seven-year single-tranche deal is referenced to a USD1.5 billion portfolio of global credit default-swaps. The investor selected 60 credits for the portfolio from a universe of 500 potential names, according to Loïc Fery, global head of credit derivatives and structures in London.

Goldman Sachs last month structured the first synthetic CDO launched in China for the Agricultural Bank of China. With this market just beginning to take off, banks have been scrambling to market credit derivatives in China. "The Chinese structured credit market is moving ahead in terms of product range as well as its ability to do big tickets," said Fery.

  • 23 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%