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  • The RMB needs a little less conversation

    Swift’s decision not to publish its monthly RMB tracker with any additional commentary about the long term prospects of the renminbi is refreshing. Other renminbi loyalists should follow suit, and stop trying to gloss over disappointing data.

    • 09:00 AM
  • French issuers must fund while they can

    In spite of the spread between OATs and Bunds reaching a four year high, two French public sector issuers chose to come to market this week, hoping the market would be stable. It’s no longer enough for issuers to sit on their hands waiting for calm — it’s about braving possible volatility and funding when you can.

    • 21 Feb 2017
  • Green mortgages can grow without regulatory help

    Proponents of “green mortgage loans”, lent against energy efficient homes, argue they are less likely to default and deserve a lower risk weighting than conventional mortgage lending. But it’s a long shot, and there are plenty of other ways to promote the market.

    • 21 Feb 2017
  • Securitization’s drift behind closed doors doesn’t make STS less important

    While regulators and politicians try to hash out a compromise over the “simple, transparent and standardised” securitization framework, the European ABS market is drifting further and further away from EU authorities imagine it to be. But that doesn’t mean fixing STS is any less important.

    • 21 Feb 2017
  • Leveraged credit markets should beware fickle retail space

    As US retailers start to report their Q4 earnings, the numbers demonstrate the fickle nature of an industry that the US leveraged credit markets might do better to avoid.

    • 21 Feb 2017
  • RBI: trust Indian banks to let the right ones in

    The successful placement of an outbound acquisition financing for Indian company Intas Pharmaceuticals has put the spotlight on rules barring Indian banks from supporting local M&A. Intas’s loan has demonstrated that the country’s lenders are well positioned to structure and distribute complex deals with cross-border elements. It’s time for the regulator to rethink rules on domestic transactions.

    • 21 Feb 2017
  • Fortune may prove fickle for Chinese real estate

    Chinese high yield property issuers have shown that they have investors in the palms of their hands, taking advantage of accounts’ hunger for yield to price deals at levels that would have been impossible a few months ago. But as more property companies face refinancing needs and investors spend their cash, borrowers will need to adapt to a tougher pricing environment.

    • 16 Feb 2017
  • Collateral is king... if you can find it

    The supply of high quality liquid assets (HQLA) needed for capital regulations is insufficient. This has created an imbalance which, at times, grows so critical it poses a systemic risk. Regulators and the European Central Bank must shoulder responsibility for fixing the problem soon.

    • 14 Feb 2017
  • RMBS market must play fair as looser regs beckon

    A spate of mortgage securities issuance has been welcomed with enthusiasm among RMBS investors lamenting the state of the sector post-crisis, but in order to keep investors’ trust, issuers need to stick to practices that are beyond reproach, especially as the possibility of regulatory easing looms large.

    • 14 Feb 2017
  • Picturing the FCA’s unintended consequences

    We’d hate to say that the UK’s Financial Conduct Authority is standing still on its quest to regulate the markets, but it seems to be doing just that with the cover art on its discussion and consultation papers.

    • 14 Feb 2017

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Feb 2017
1 JPMorgan 62,591.98 254 8.02%
2 Citi 61,005.69 220 7.81%
3 Bank of America Merrill Lynch 58,608.72 174 7.51%
4 Barclays 54,439.39 163 6.97%
5 Goldman Sachs 46,279.46 130 5.93%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Feb 2017
1 Deutsche Bank 7,631.43 12 11.03%
2 Bank of America Merrill Lynch 4,575.12 14 6.62%
3 Citi 3,984.96 10 5.76%
4 Commerzbank Group 3,849.81 7 5.57%
5 HSBC 3,720.28 13 5.38%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Feb 2017
1 Goldman Sachs 1,774.56 8 9.26%
2 Morgan Stanley 1,728.90 15 9.02%
3 JPMorgan 1,456.77 11 7.60%
4 Bank of America Merrill Lynch 1,450.69 9 7.57%
5 UBS 1,317.06 9 6.87%