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  • Honesty is the way forward for PDVSA and Venezuela

    PDVSA is doing itself no favours by bending the truth about its financial situation. Bondholders are under no illusions about its troubles, so the company might as well be open with them.

    • 01 Dec 2016
  • The market will come to appreciate ECB’s leveraged lending rules

    The ECB’s announcement it was planning leveraged lending rules for the banks it supervises has been polarising, confusing, and often emotional. But the market will come to appreciate it in time.

    • 29 Nov 2016
  • Honesty is the best policy for PDVSA and Venezuela

    PDVSA is doing itself no favours by bending the truth about its financial situation. Bondholders are under no illusions about its troubles, so the company might as well be open with them.

    • 29 Nov 2016
  • No fireworks in non-performing loan securitization

    Non-performing loan securitization is being pushed as a solution to Europe’s banking woes. The market has potential, but expecting a wave of issuance, rather than a trickle of piecemeal deals, is misguided.

    • 29 Nov 2016
  • EU blunts the teeth of money market rules

    The European Union has allowed lobbyists to blunt the teeth of its long-awaited money market fund reform act.

    • 29 Nov 2016
  • Covered bond regulation depends on whose side you are on

    The European Central Bank, European Commission and the European Banking Authority are pulling in different directions when it comes to covered bonds with extendible maturity structures. Time for a bit of harmonisation.

    • 29 Nov 2016
  • ABS must tread lightly as easy money ends

    Last quarter’s 3.2% US GDP growth estimates point to growing confidence in the world’s largest economy and is a sign that the era of the low rates and low growth may be drawing to a close.

    • 29 Nov 2016
  • Think bigger still to end too big to fail

    The quixotic quest of Minneapolis Federal Reserve president Neel Kashkari to “end too big to fail” requires nothing less than a total reordering of US bank regulation (and probably implies ditching Basel as well). But really solving the problem can’t just mean restructuring the banking system, it means nothing less changing how we think about money and debt as well.

    • 29 Nov 2016
  • Meitu could reboot HK if done right

    IPOs in Hong Kong this year have been dominated by friends and family investors or throttled by cornerstone accounts. But the appearance of technology company Meitu could be the deal the market needs to attract foreign investors, so it can’t be allowed to slip into the ranks of mainland dominated deals.

    • 29 Nov 2016
  • Bank on today, not tomorrow

    The uncertainty fueled by the events of 2016 has left the markets shaken with many issuers reticent about launching new deals before the end of the year. But borrowers keen to put the year behind them should think twice about betting on 2017. With impending elections in Europe and Donald Trump’s inauguration, there is plenty that could cause markets to unravel in the first quarter.

    • 29 Nov 2016

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 350,314.87 1563 8.64%
2 Citi 331,807.46 1234 8.18%
3 Bank of America Merrill Lynch 294,072.11 1065 7.25%
4 Barclays 288,574.83 960 7.12%
5 HSBC 246,960.17 1012 6.09%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Nov 2016
1 JPMorgan 41,457.25 68 7.46%
2 HSBC 35,073.34 130 6.31%
3 BNP Paribas 33,854.75 157 6.09%
4 UniCredit 33,033.86 153 5.94%
5 ING 23,664.97 130 4.26%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Nov 2016
1 JPMorgan 17,674.88 93 10.70%
2 Goldman Sachs 14,180.33 72 8.59%
3 Bank of America Merrill Lynch 11,109.11 48 6.73%
4 Morgan Stanley 10,679.86 56 6.47%
5 UBS 9,841.05 49 5.96%