• What’s in a pulled deal?

    Pulled deals are traumatic for those involved but unlikely to derail European corporate bond issuance while the European Central Bank is still buying the market.

    • 27 Sep 2016
  • Easy money makes an easy scapegoat

    There's lots to criticise about the European Central Bank's recent policies, but the brunt of responsibility for any failures lies squarely with the European Union’s various politicians. When they turn around and blame the central bank, it's pure opportunism.

    • 27 Sep 2016
  • Come on Angie, of course Deutsche gets a bailout

    Deutsche Bank jitters are spreading again, about seven months after the last round of panic washed over the troubled bank. The cause, this time, seems to be that German chancellor Angela Merkel ruled out a bailout, even if US regulators impose a settlement for RMBS mis-selling so large it threatens the solvency of the bank.

    • 27 Sep 2016
  • No GIFTS yet from India's finance hub

    India has made great strides with the setting up of its first international financial services centre. The move is laudable, and most of the market feedback has been positive. But the authorities should not get complacent — a lot more needs to be done before the centre becomes the go-to destination for international capital market participants.

    • 27 Sep 2016
  • EU military ambitions have ethical consequences

    The European Union’s newly militaristic tone risks undermining the socially responsible activities of its pet bank.

    • 20 Sep 2016
  • A smoking gun on liquidity

    Chin-stroking academic studies have mostly failed to find evidence of the ‘liquidity crunch’ which investors and traders alike say has taken hold of bond markets in the wake of tougher regulation. Now that looks to be changing.

    • 20 Sep 2016
  • Wake up and smell the fintech

    Hong Kong and China-based fintech lender WeLab could be a sign of things to come in the Asian syndicated loans market as the start-up seeks out its debut borrowing. Some banks will no doubt cast off the industry as a fad and give it a miss. But now is as good a time as any to take a fresh look at fintech.

    • 20 Sep 2016
  • Higher yields bring fresh opportunities for SSA borrowers

    Bund yields are close to their highest point since the Brexit vote on June 23. It didn’t take much to push them out and it likely won’t last long, but SSA borrowers need to grab their chance to fund in maturities that don’t get much action these days.

    • 13 Sep 2016
  • Wrong approach on Japan derivs, but right result

    The US Commodity Trading Futures Commission's split over whether to accept Japan's uncleared margin rules as equivalent to the US was not an ideal outcome. But the decision, however contentious, is a pragmatic step which will motivate further convergence between regulatory regimes.

    • 13 Sep 2016
  • NAIC-style ratings are not the answer for European PP

    Even if the European private placement market develops its own version of the USA’s NAIC ratings, that will not make tougher credits more digestible to institutional investors. But creating a Capital Markets Union that funds Europe’s growth has to channel funds to riskier borrowers, and for that, investors must do their own credit work.

    • 13 Sep 2016

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Sep 2016
1 JPMorgan 289,804.60 1219 8.81%
2 Citi 261,914.62 960 7.96%
3 Barclays 242,960.70 769 7.39%
4 Bank of America Merrill Lynch 234,940.65 844 7.14%
5 HSBC 199,787.93 812 6.08%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Sep 2016
1 JPMorgan 27,842.68 49 6.95%
2 BNP Paribas 27,066.67 131 6.76%
3 UniCredit 26,306.88 128 6.57%
4 HSBC 21,119.91 104 5.27%
5 ING 18,225.10 113 4.55%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Sep 2016
1 JPMorgan 13,539.40 70 10.98%
2 Goldman Sachs 10,577.65 57 8.58%
3 Morgan Stanley 9,254.31 46 7.50%
4 Citi 7,573.69 40 6.14%
5 Bank of America Merrill Lynch 7,346.61 35 5.96%