• Beware the disenchanted high yield investor

    The pace at which coupons are shrinking and covenants are being ditched in corporate high yield issues has begun to touch a nerve among the market’s veteran fund managers.

    • 03:00 PM
  • UK’s immigration pledge is good news for the City

    The UK’s Brexit secretary’s admission on Monday night that the government will not cap immigration after the country leaves the European Union — and that immigration could rise or fall after Brexit — may well be the first bit of good news on London’s future as Europe’s main financial centre since the referendum last June.

    • 03:00 PM
  • Dodd-Frank repeal less likely after healthcare failure

    The spectacular failure by Republicans to pass healthcare reform plans through the House of Representatives makes meaningful financial reform less likely.

    • 12:45 PM
  • Guotai Junan IPO: a turning point for cornerstones

    Guotai Junan Securities Co’s IPO in Hong Kong is sending all the right messages, but the most important one may be its smaller reliance on cornerstone investors. It has placed just under 30% of the HK$16.5bn ($2.1bn) float to six funds — a move that may well mark a turning point for oversized cornerstone allocations in the city.

    • 10:45 AM
  • Telling a bonus from a ‘retention award’

    Deutsche Bank’s latest wheeze to pay its best and brightest might look like a crafty sleight of hand typical of weaselly bankers. But having announced a pared-back bonus pool just a few weeks ago, it transpires the firm has ear-marked extra dosh to make up for it. Under the hair shirt was a silk vest all along, one might think. However, Deutsche has no choice but to pay the market rate for staff if it is to deliver any return to shareholders.

    • 21 Mar 2017
  • Maturing Asian DCM can go it alone

    The performance of the Asia bond market over the past couple of weeks, despite the macro moves elsewhere, has shown that it can drive forward independently of events in the west. With European and US political volatility waiting in the wings, Asian DCM’s self-sufficiency bodes well.

    • 21 Mar 2017
  • Hiding info from credit scores will hurt

    A move by Experian, Equifax and TransUnion to remove tax liens and civil judgement data from consumer credit reports from July 1 will be a boon to subprime consumers in the short term, but lenders and the ABS markets could suffer in the long run.

    • 14 Mar 2017
  • Aberdeen City’s Scottish independence proxy bond

    The Scottish city of Aberdeen may be long past its 1980s heyday — when it was the hub of the burgeoning North Sea oil industry and its football team was one of the most feared in Europe — but it could soon find itself being a useful capital markets bellwether for the latest constitutional crisis to hit the UK.

    • 14 Mar 2017
  • How do you solve a problem like Korea?

    The cloud hanging over South Korea’s financial markets has been lifted after the country’s president Park Geun-Hye was ordered to resign her office last week, impeached following a six month influence peddling scandal involving her close friend Choi Soon-Sil.

    • 14 Mar 2017
  • Non-preferred senior by any other name

    It is all very well pressing to harmonise bank resolution frameworks across Europe, but the market has to get on with harmonising the terminology as well.

    • 14 Mar 2017

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Mar 2017
1 JPMorgan 94,925.33 384 8.39%
2 Citi 87,531.58 331 7.74%
3 Bank of America Merrill Lynch 84,341.49 288 7.46%
4 Barclays 75,288.19 241 6.66%
5 Goldman Sachs 68,504.71 208 6.06%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Mar 2017
1 Bank of America Merrill Lynch 10,650.87 23 11.13%
2 Deutsche Bank 8,169.49 17 8.53%
3 HSBC 6,243.46 23 6.52%
4 Citi 4,355.35 13 4.55%
5 SG Corporate & Investment Banking 4,273.37 17 4.46%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Mar 2017
1 JPMorgan 5,440.56 17 10.74%
2 Deutsche Bank 4,468.97 23 8.82%
3 UBS 3,742.72 17 7.39%
4 Citi 3,393.89 23 6.70%
5 Goldman Sachs 3,360.93 18 6.63%