• Rating agencies need to start speaking out

    Rating agency Fitch went against the norm last week when it publicly questioned the investment grade status given to Chinese online retailer by its peers. While commenting on rival deals tends to be a rarity in Asia, such an approach can only be good for the long-term development of capital markets.

    • 05 May 2016
  • In defence of complicated banks that do everything

    As the banking industry’s painful readjustment continues, the first quarter’s awful market numbers show that big, diverse, universal banks, contrary to recent management mantras, actually do have an advantage.

    • 03 May 2016
  • Funding Circle shouldn’t set the tone for deals that follow

    The first ever public marketplace loan securitization in Europe has finally priced. The deal’s difficult execution isn’t a great advert for marketplace lending, but deals from other platforms should have a different experience — they are, after all, different asset classes.

    • 03 May 2016
  • Banks need to respond to short term funding threat

    Money market fund reform regulation which comes into force in October this year will have serious consequences for banks’ funding. What are they doing about it?

    • 03 May 2016
  • Africa Loans: You’ve got a (new) friend in me

    China's growing presence in Africa is nothing new. But Asian banks are finally coming to the continent's loan market with big tickets and this is not the time for other lenders to sit on their hands.

    • 26 Apr 2016
  • ECB boosts global appeal of covered bonds

    Vakifbank’s debt euro Turkish covered bond is good for investors, good for emerging markets borrowers and good for the global economy. But the deal would probably never of happened without the intervention of the European Central Bank.

    • 26 Apr 2016
  • Equity block trades market ain’t broken — don’t try to fix it

    The block trade market is an exciting, risky part of the equity business. Banks can slip up — but that shows how hard they are competing for deals. If, as it seems, block trades work well for issuers and investors, regulators like the Financial Conduct Authority should not interfere.

    • 26 Apr 2016
  • Saudi post-oil plan won't be easy

    Saudi Arabia on Monday announced its plans to diversify away from oil production through a plan it called "Vision 2030". But the oil rich nation won't find it easy to execute in the plan, particularly when it comes to attracting skilled foreigners to fuel its goals.

    • 26 Apr 2016
  • Korean banks are bracing for AT1 change

    South Korea’s regulators are widely expected to adopt new rules that force banks to sell perpetual additional tier one bonds, something that was prohibited until now. The move will push lenders to execute more expensive offshore capital raising and while the shift will improve the soundness of Korea’s banking system, it will take the market time to adjust to the new regime.

    • 26 Apr 2016
  • Lat Am’s Elvis: Argentina’s Macri gives investors something to believe in

    Argentina’s record-breaking return to international capital markets was priced much tighter than many investors would have liked. But the country's president Mauricio Macri is exactly the kind of leader EM investors have been looking for, so the exceptionally strong performance in the aftermarket is more than understandable.

    • 21 Apr 2016

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 May 2016
1 JPMorgan 125,987.25 502 8.19%
2 Citi 117,969.90 406 7.67%
3 Barclays 114,759.09 324 7.46%
4 Bank of America Merrill Lynch 111,151.62 353 7.23%
5 HSBC 93,290.22 369 6.07%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 03 May 2016
1 UniCredit 11,374.17 39 7.57%
2 Barclays 10,366.49 9 6.90%
3 Morgan Stanley 9,493.83 4 6.32%
4 HSBC 9,477.11 32 6.31%
5 Rabobank 7,364.24 11 4.90%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 03 May 2016
1 Citi 3,985.32 21 7.77%
2 Goldman Sachs 3,882.02 29 7.57%
3 JPMorgan 3,829.20 27 7.46%
4 Bank of America Merrill Lynch 3,730.53 20 7.27%
5 Morgan Stanley 3,635.31 17 7.09%