Capital Markets News, Data & Analysis

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  • Vitol mandates for $7.5bn loan

    Oil trader Vitol has mandated five banks to lead its $7.5bn refinancing and will launch the deal imminently, according to a banker on the deal.

    • 02 Sep 2015
  • EIB showcases euro supremacy

    European Investment Bank has added further evidence of the euro market’s growing strength over dollars — but its deal was still at the lower end of Earn size expectations despite a decent new issue premium.

    • 02 Sep 2015
  • VEB looks for Panda bite in 2016

    Russia’s Vnesheconombank is in talks to sell Panda bonds, but the note will be placed next year at the earliest, said a source close to the borrower.

    • 02 Sep 2015
  • French duo highlight robust corp market

    Two French borrowers took advantage of a resurgent corporate bond market on Wednesday, with electrical components manufacturer Schneider Electric and real estate company Icade selling euro debt.

    • 02 Sep 2015

People and Markets

  • Nomura cuts more as bankers return from holidays

    Nomura’s cuts to its global markets division have spread further, as senior bankers and traders have returned from holidays to find their positions at risk of redundancy.

    • 27 Aug 2015
  • Fusion power: BNPP’s corporate combination

    Since Yann Gérardin took over as boss of the investment bank at BNP Paribas, the bank has been all about combinations. Strip out the corporate speak, and the big changes are a merger of equities and fixed income in the markets division, and a merger of loans and bonds in primary markets. GlobalCapital caught up with Renaud-Franck Falce, who runs the combined corporate debt team, to find out how the new approach is working.

    • 27 Aug 2015
  • RBC slips from bumper beginning

    For the third quarter this year (April to July), profits at Royal Bank of Canada’s capital markets division fell, but the numbers still look strong.

    • 27 Aug 2015


Olly Copplestone's Cartoon



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Old Money

  • Old Money: The end of cheap money?

    Since March 2009 Britain’s benchmark official rate has been 0.5% — the lowest rate in the Bank of England’s 320 year history, its long term average being about 4.5%. But recently BoE's governor Mark Carney speculated that it will begin to rise from the end of the year to around 2%, possibly heralding the end of the era of cheap money.

    • 27 Aug 2015

The GlobalCapital View

  • Time for China to get a grip

    The Chinese authorities have made several steps towards the full opening of the capital account over the years. But mounting evidence of China’s economic slowdown has made those efforts look increasingly erratic. A step by step approach would be nothing to sneer at, but the authorities’ dance of reforms followed by shameless back-stepping risks transforming the whole business into a farce.

    • 02 Sep 2015
  • Don’t write off September for high yield just yet

    Predictions for European high yield bond issuance in September range from the optimistic to those who say the cupboard is bare. But do not underestimate the market's resilience — for the right deal, investors could come out in droves.

    • 01 Sep 2015
  • KfW corker a sparkling example for euro deals

    Paying up to get size away in euros is a painful idea for public sector funding officials. But they will have to swallow their objections if they want to bring bulky deals in September.

    • 01 Sep 2015

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 31 Aug 2015
1 JPMorgan 243,969.85 964 8.84%
2 Bank of America Merrill Lynch 210,446.44 761 7.63%
3 Citi 205,935.79 792 7.47%
4 Barclays 203,416.66 665 7.37%
5 Deutsche Bank 169,399.16 717 6.14%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 01 Sep 2015
1 HSBC 32,368.00 126 7.61%
2 BNP Paribas 28,138.91 163 6.62%
3 Deutsche Bank 23,183.31 112 5.45%
4 JPMorgan 22,530.82 53 5.30%
5 Credit Agricole CIB 19,896.43 97 4.68%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 01 Sep 2015
1 Goldman Sachs 18,546.79 60 10.27%
2 UBS 18,071.09 62 10.01%
3 JPMorgan 14,894.81 76 8.25%
4 Bank of America Merrill Lynch 14,330.10 59 7.94%
5 Morgan Stanley 13,773.06 64 7.63%