New Index May Boost Canadian Mart

Canada's first investment-grade index using blended prices could improve liquidity in the country's bond market due to increased transparency.

  • 14 Jan 2005
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Canada's first investment-grade index using blended prices could improve liquidity in the country's bond market due to increased transparency. Bid/ask margins could tighten or volumes could increase, according to Peter Martin, managing director of financial market research for CIBC World Markets in Toronto. It is one of the first dealers involved with the index. He declined to speculate on how much the new index might improve liquidity.

Standard & Poor's, CIBC andRBC Capital Markets recently said they would launch a blended high-grade index this quarter.

Martin added the index may pique investor interest from south of the border because it provides a greater degree of security for investors who are not familiar with all the nuances of the Canadian market. He declined to speculate on how much volume could increase.

  • 14 Jan 2005

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 118,624.20 342 12.98%
2 Bank of America Merrill Lynch 99,769.11 286 10.92%
3 Wells Fargo Securities 86,271.10 256 9.44%
4 JPMorgan 67,323.36 205 7.37%
5 Credit Suisse 49,265.86 144 5.39%