Aussie M&A Revival May Provide Boon For Equity Mart

  • 10 Feb 2003
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An expected resurgence in mergers and acquisition activity in Australia this year will likely filter into over-the-counter equity derivatives, according to Aussie equity professionals. "Last year it was rather lackluster but it seems to be back on the radar," said one equity head. As the economic environment has stabilized after the shock of Sept. 11, corporates in Australia are again looking at M&A.

Luke Randall, managing director of trading and derivatives at Salomon Smith Barney Australia in Sydney, noted that both potential acquirers as well as speculators can use derivative instruments, such as call options, to build M&A plays. "We've seen it many times before," he said. While the majority of merger-related option activity likely will occur on the liquid exchange-traded market, some of it will filter into OTC derivatives. A recent report by SSB singled out 12 potential acquisition candidates in Australia and traders said several deals are already emerging, such as food group Burns, Philp & Co.'s bid for Goodman Fielder. One trader estimated up to five deals could hit the market in the coming months.

Greg MacKay, head of equity derivatives at Macquarie Bank in Sydney, said complex corporate deals structured via OTC derivatives will also likely follow a pick up in M&A activity.

 

  • 10 Feb 2003

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Mar 2017
1 JPMorgan 94,925.33 384 8.39%
2 Citi 87,531.58 331 7.74%
3 Bank of America Merrill Lynch 84,341.49 288 7.46%
4 Barclays 75,288.19 241 6.66%
5 Goldman Sachs 68,504.71 208 6.06%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Mar 2017
1 Bank of America Merrill Lynch 10,650.87 23 11.13%
2 Deutsche Bank 8,169.49 17 8.53%
3 HSBC 6,243.46 23 6.52%
4 Citi 4,355.35 13 4.55%
5 SG Corporate & Investment Banking 4,273.37 17 4.46%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Mar 2017
1 JPMorgan 5,440.56 17 10.74%
2 Deutsche Bank 4,468.97 23 8.82%
3 UBS 3,742.72 17 7.39%
4 Citi 3,393.89 23 6.70%
5 Goldman Sachs 3,360.93 18 6.63%