Comment - The View


  • Regulators' next big question: who knows what?

    Transparency has been among the top priorities of regulators and policy makers in the post-crisis era, but they don’t seem to understand what kind of information is important or when it becomes so.

    • 24 Nov 2015
  • Russian ratings agency will matter if it survives scrutiny

    A list of 27 Russian banks and corporates have set up the Analytical Credit Rating Agency, and staffed it with some of the biggest names in the Russian capital markets. But while Russia needs a domestic ratings agency more than ever, its biggest challenge will be establishing credibility.

    • 24 Nov 2015
  • What the banks refuse to finance

    In the build-up to the Paris-based United Nations Climate Talks this weekend, banks are falling over themselves to demonstrate green credentials through their lending, their asset books and their borrowing. But just as important is what they choose not to finance, and why.

    • 24 Nov 2015
  • Dear Sebi, please leave India’s IPO market alone

    The Securities and Exchange Board of India (Sebi), the country’s financial markets watchdog, is understood to be vexed about the lack of retail participation in two recent high-profile IPOs. But this is much ado about nothing, and it would be a mistake for the regulator to start meddling again to protect the interests of small investors.

    • 24 Nov 2015
  • Can bigger deals boost sovereign liquidity?

    Credit Suisse’s withdrawal from primary dealerships has scared the market, while regulatory change is hurting other banks still in the business. Now issuers must take responsibility for their own liquidity – and that means doing bigger deals.

    • 17 Nov 2015
  • Russian issuers should rush in

    Bankers are predicting a strong return of Russian bond issuance from non-sanctioned credits in 2016. But these issuers would be foolish to wait until next year when there is an issuance window open now.

    • 17 Nov 2015
  • Stock Connect: Don’t believe the bears

    Commentary around the one year anniversary of the Shanghai-Hong Kong Stock Connect seems pretty unanimous in suggesting the scheme has failed to achieve its goals. However, if one looks at past Chinese experiments in capital account liberalisation, the Stock Connect’s early performance should neither surprise nor disappoint.

    • 17 Nov 2015
  • Russian loans: back to primitive deals

    International syndicated lending to Russia has been in the deep freeze for the last 12 months, with only a handful of safe, commodity-backed loans arranged. The European Council will review its sanctions on Russia in a few weeks, but don’t expect the market to thaw.

    • 11 Nov 2015
  • Never mind the carry: advantages of SSA pre-funding

    The cost of pre-funding may be high, with few options to store cash safely at anything other than super low yields. But with an exceptionally busy January for public sector borrowers looming, the cost of waiting could be even higher.

    • 10 Nov 2015
  • Years in the making, TLAC is still less than a plan

    The Total Loss Absorbing Capacity rule, years in the making, is finished. But no one has any idea how it will actually work.

    • 10 Nov 2015

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 Nov 2015
1 JPMorgan 321,632.02 1265 8.79%
2 Bank of America Merrill Lynch 288,597.54 1018 7.89%
3 Citi 277,283.51 1054 7.58%
4 Barclays 268,690.20 902 7.34%
5 Deutsche Bank 221,761.09 912 6.06%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Nov 2015
1 HSBC 46,107.99 162 6.82%
2 BNP Paribas 43,118.10 220 6.37%
3 Deutsche Bank 35,629.14 141 5.27%
4 ING 30,639.38 139 4.53%
5 Citi 29,648.96 82 4.38%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Nov 2015
1 Goldman Sachs 23,301.02 87 9.50%
2 UBS 22,449.52 85 9.15%
3 JPMorgan 19,541.88 96 7.97%
4 Bank of America Merrill Lynch 19,343.25 78 7.88%
5 Morgan Stanley 18,539.05 84 7.56%