• Shock election result can’t tarnish corporate market lustre

    The corporate credit market has given an almighty shrug on Friday to the surprise UK election result that came in overnight, with primary issuance expected to resume as normal next week helped by technical factors.

    • 09 Jun 2017
  • Equity volatility falls as UK politics thrown into turmoil

    The UK's shock election result, in which prime minister Theresa May failed to secure a majority, has led to a slight fall in equity volatility, as the FTSE 100 rose on a weaker pound and European stocks rallied.

    • 09 Jun 2017
  • FIG market to remain strong and stable after UK election result

    Market participants were unfazed by the hung parliament result in the UK election on Friday morning.

    • 09 Jun 2017
  • Macron progress positive for EM loans, but effect will lag

    Emerging market loans bankers felt positive about the first round of French presidential election results on Monday but cautioned that they expect little immediate reaction in their sector.

    • 24 Apr 2017
  • EFSF lines up dual tranche amid relief rally

    The result of the first round of the French election has imbued the markets with a fresh confidence, prompting the European Financial Stability Facility (EFSF) to mandate banks for its third dual tranche trade in a row.

    • 24 Apr 2017
  • Corporates tipped to rip following French vote

    The corporate bond market is readying itself for a flurry of primary market trades, with risk appetite ramping up after the French presidential election first round passed without any major surprises.

    • 24 Apr 2017
  • Volatility indices drop down as investors cash out on Macron victory

    French election anxieties dropped out of derivative markets with astonishing speed this week, as centrist pro-EU candidate Emmanuel Macron’s first round election showing set him on course for the French presidency.

    • 24 Apr 2017
  • ABS relieved as Macron goes En the Marche

    Investors in France are looking ahead to June’s legislative elections under the assumption that Emmanuel Macron is set to become the next president of France on May 7 when he faces the National Front’s Marine Le Pen in a deciding vote.

    • 24 Apr 2017
  • French election relief opens way for EFSF

    A strong showing from Emmanuel Macron in the first round of the French election has been greeted as an “overwhelmingly positive development” by those in capital markets, according to a head of SSA DCM, and provides an exceptional backdrop for the European Financial Stability Facility’s expected benchmark.

    • 24 Apr 2017
  • Covered bond issuers urged to fund without delay as France votes

    French and European periphery covered bond spreads were tighter on Monday following the result of the French presidential election first round vote. Bankers have urged issuers to take advantage of the bounce to secure funding.

    • 24 Apr 2017
  • French banks clear for capital drive after positive election result

    Following several months of apprehension in the run-up to Sunday's first round vote in the French presidential election, French banks can now look forward to better issuance conditions and lower funding costs as they build towards their regulatory capital requirements.

    • 24 Apr 2017
  • French vote gets corporate pipeline pumping again

    Risk appetite has returned to the corporate bond market after independent centrist Emmanuel Macron came out on top of the first round of voting in the French presidential election on on Monday morning.

    • 24 Apr 2017
  • Relief rally reaches EM as Macron and Le Pen go through

    Emerging market debt was tighter across the board on Monday morning, after a favourable outcome in the first round of the French presidential election spurred a rebound in core market asset prices.

    • 24 Apr 2017
  • Levfin lively after French election as Netflix jumps in with €1bn HY debut

    The leveraged finance market in Europe has shared in the cheerful sentiment across markets on Monday morning as the first round of voting in the French presidential election suggested centrist Emmanuel Macron was the favourite to win the run-off in two weeks’ time.

    • 24 Apr 2017
  • European stocks soar as Macron tops first round

    Fears of a far right victory in the French presidential election receded on Sunday night after Emmanuel Macron won the largest share of the vote to make it into the second round alongside Marine Le Pen, the National Front leader.

    • 24 Apr 2017
  • Dollar deluge but pricing still an art

    More dollar deals are expected next week following a searing few days for trades in the currency, but despite bumper books and deal sizes, some in the market feel there is still some price discovery work to do. Meanwhile, US president-elect Donald Trump made his presence felt on the issuance calendar.

    • 12 Jan 2017
  • Brexit: a regulatory triumph?

    The Brexit vote and the election of Donald Trump laid bare the poor predictive power of the massed ranks of financial analysts and traders. But when these political cataclysms hit the screens, nothing broke. Everyone from the IMF down to the lowest financial scribbler has warned that markets are less resilient thanks to regulation — but in the turmoil following these votes, prices moved but institutions stayed solid. Owen Sanderson reports.

    • 01 Jan 2017
  • Rate risk spurs US PP to record numbers

    European and UK issuers have driven the US Private Placement (US PP) market to near record highs, despite concerns around the Brexit vote and US presidential elections. Now, the prospect of the end of an era of record low rates could push volumes to unprecedented levels, writes Elly Whittaker.

    • 24 Nov 2016
  • Callable zero flood as US yields jump

    Appetite for 30 year callable zeroes in dollars has been bolstered by Donald Trump’s victory in the US elections and the resultant rise in bond yields around the world.

    • 24 Nov 2016
  • Land NRW and AFD dip into calm euro waters

    The euro market for public sector borrowers repoened on Tuesday as a pair of issuers took advantage of calmer conditions since the US election on November 8 to raise nearly €2bn in total — both paying small new issue premiums.

    • 22 Nov 2016
  • KfW SRI bond flashes green light for dollars

    KfW was able to increase from its original size target and tighten pricing on Tuesday with the first public sector dollar bond of over $1bn since the election of Donald Trump as US president.

    • 22 Nov 2016
  • RMB bonds will be key for global portfolios, says BlackRock

    The opening of China's interbank bond market (CIBM) this year means that the world's third largest fixed income market will become an increasing focus for global investors, according to the world's largest asset manager.

    • 22 Nov 2016
  • The death of ultra-long debt

    In the past few months, the European Central Bank's policy of buying almost everything in sight has pushed investors to the very frontiers of the maturity spectrum in a desperate hunt for yield. But the game might be up.

    • 17 Nov 2016
  • Credit derivatives shrug off Trump volatility

    We noted last month that realised volatility in the European investment grade CDS market, as measured by the Markit VolX index, was at its lowest for two years. By the end of October, volatility had dipped to 18%, which was the lowest level since the heady days of June 2007. A number of future events were mooted that had the potential to trigger market uncertainty, including next month’s Italian referendum.

    • 17 Nov 2016
  • Trump turbulence ruptures volatility trading

    A big rift in US volatility trading has opened in the week since Donald Trump’s shock presidential election win, with equity markets quickly calming after the result while the US Treasury yield curve sharply steepened.

    • 16 Nov 2016
  • Trump shows eurozone cost of growth

    Donald Trump, US president-elect, is espousing a position long held by ECB president Mario Draghi: monetary policy is not the whole solution. It’s time to start building.

    • 15 Nov 2016
  • Giancarlo not Trump can make regulation great again

    Rather than wailing about a regulatory Trumpocalypse, those who care about the health of financial markets should seize upon last week’s shock US presidential result to help bring about meaningful and beneficial changes.

    • 15 Nov 2016
  • SSA pipeline cracks open as BNG prepares print

    Public sector borrower supply is beginning to trickle through after a volatile Monday, but bankers are warning that market conditions are far from perfect — and some issuers are still unwilling to take a chance on a deal.

    • 15 Nov 2016
  • RussNeft presses ‘go’ for IPO as Trump lifts Russia

    RussNeft, the Russian oil company controlled by its chairman Mikhail Gutseriev, is moving ahead with plans to float in Moscow this quarter.

    • 14 Nov 2016
  • SSAs put mandates on hold amid Trump turmoil

    High volatility in the wake of Donald Trump’s shock win of last week’s US presidential election is likely to halt supply of euro or dollar deals for the next few days, said bankers.

    • 14 Nov 2016
  • RMB round-up: Trump effect on RMB, China’s record low FX reserves, HK set to join AIIB

    It's now all Trump, all the time – especially for China. In this round-up, a recap of our top stories from an eventful week. In broader news, the RMB struggles against the dollar, China’s foreign exchange (FX) reserves hit new lows in October, and the Asian Infrastructure Investment Bank readies a seat at the table for Hong Kong.

    • 11 Nov 2016
  • Mexican issuers face wall of uncertainty amid rout

    The benign reaction across capital markets to Donald Trump's surprise US presidential election victory did not spread as far as Latin America. A brutal sell-off on Thursday further complicated an already tough picture for Mexican issuers facing uncertain times as participants wonder just how badly a Trump presidency could affect the country, writes Oliver West.

    • 10 Nov 2016
  • Markets survive The Donald as GOP sweeps US

    An upset in the US presidential election overnight on Tuesday caught the world and its capital markets off-guard. Just like the Friday morning after the Brexit vote many awoke seemingly unprepared for a perilous open. But Donald Trump’s ascent to the White House, which so few capital markets participants wanted or predicted, has not disrupted market activity as much as might have been feared, for now.

    • 10 Nov 2016
  • The Trump trend is not your friend

    This week, those in the capital markets showed it’s not just electorates that can deliver surprises. Investors got one back — by making markets rise on a shock Donald Trump election victory.

    • 10 Nov 2016
  • ‘Extra caution’ advised for 2017 political risk

    European public sector issuers are gearing up for another year of potential political turbulence, with the trend for pollsters to fail to call results — as seen with the election of US president-elect Donald Trump and Brexit — likely to make issuance planning more difficult. That outlook is likely to force a more dovish approach from the European Central Bank at its last governing council meeting of the year in December, said bankers.

    • 10 Nov 2016
  • ‘Trump trade’ opens 10 year dollar window for SSAs’ packed January

    Donald Trump may have pledged to “make America great again”, but his election as US president this week could also make 10 year dollar benchmarks trade again.

    • 10 Nov 2016
  • Corporate credit comes up trumps again, but danger's not far away

    The remarkably rapid recovery of European investment grade corporate credit tripped on Thursday, as sell-offs in rates and equity markets disturbed market sentiment, but the primary market still looks sturdy in the face of volatility.

    • 10 Nov 2016
  • Goldman, JPM open Trump era with a bang

    Goldman Sachs and JP Morgan became the first banks to hit the dollar market after the election of Donald Trump as US president provided an unexpected fillip to credit markets.

    • 10 Nov 2016
  • Eurozone periphery toughs it out in wake of US election

    Yields on Europe's peripheral government debt rose only a few basis points over Bunds on Wednesday’s news that Donald Trump had won the US presidential election race.

    • 10 Nov 2016
  • Trump bounce saves Clinton vol traders from pain

    Bizarre trading dynamics conspired to save over-confident trades backing a Hillary Clinton victory in the US presidential election, with a ‘Trump bounce’ in the aftermath curtailing volatility and sending many short-volatility plays back into the money. But the shock of the Republican victory adds to that of the Brexit vote in June and has jolted market complacency on other political events in the coming months.

    • 10 Nov 2016
  • Battle of the biggest losers in EM as Trump storms to election win

    Donald Trump’s shock success in the US presidential election met initially staunch resistance from EM asset prices. But dealers apportioned the response to technical factors underpinning the market and warned that the long term impacts of the election result could be very different.

    • 10 Nov 2016
  • Trump era opens with upside surprise for dollars

    It wasn’t just pollsters that were left scratching their heads this week in the US as syndicate bankers were also expressing surprise at the resilience of domestic credit markets following the election of Donald Trump as their president.

    • 10 Nov 2016
  • FIG back on track but political risk is more in focus than ever

    The FIG market showed poise following Donald Trump’s shock victory in the US presidential election this week, with new issuance restarting within a single day. But the result has not passed without consequence, as market participants prepare themselves for further political turmoil.

    • 10 Nov 2016
  • European high yield trumps nerves at Republican win

    The European high yield market this week proved that it has learned at least one lesson from its Brexit experience: the unexpected does not mean market shutdown.

    • 10 Nov 2016
  • Trump and the Street

    One thing needs to be made clear about a Trump presidency in the US: the president-elect is not a Wall Street Republican and he did not rely on the support of bankers to win the White House.

    • 10 Nov 2016
  • Gazprom prints €1bn but delayed sell-off, volatility to blight EM

    The EM primary bond market took just one day to digest Donald Trump’s unexpected ascent to the US presidency before new issuance resumed with a Gazprom bond. But uncertainty about what Trump will actually do could lead to volatile markets, increasing the cost of any issuance.

    • 10 Nov 2016
  • No regs respite for US ABS despite Trump win

    ABS market sources in the US do not expect to escape coming regulatory regime change, despite lofty promises made by president-elect Donald Trump while on the campaign trail. Max Adams and Sasha Padbidri report.

    • 10 Nov 2016
  • Green leads way after US election

    As the end of 2016 approaches, borrowers are turning to the green market for their remaining funding, with a pair of SSA borrowers returning to the syndicated market for socially responsible investment products on Thursday.

    • 10 Nov 2016
  • Cautious corps resume deal flow, zero yield for Gasunie

    Two corporates hit the new issue market on Thursday, one clinching a 0% yield and the other paying only a single digit new issue premium, despite volatility in rates markets.

    • 10 Nov 2016
  • Trump win befuddles Asia fixed income investors

    The US presidential election drove the Asian fixed income market to a near standstill this week and for most borrowers, Donald Trump’s victory has likely stalled plans for upcoming issuance. But Chinese property developers and local government financing vehicles, some of the names most desperate for funds, may keep the market moving for the rest of the year. Morgan Davis reports.

    • 10 Nov 2016
  • Asian ECM trumps Trump as markets shrug off win

    Asia’s equity capital markets recovered quickly in the wake of Donald Trump winning the White House, with most of the indices regaining their losses in Thursday’s trading. Primary issuance also took off, with some keen issuers pulling the trigger on their IPOs. Jonathan Breen reports.

    • 10 Nov 2016
  • Renewed volatility in EM bonds following the day of The Donald

    Volatility has crept up in emerging markets as bonds across the asset class sold off again on Thursday, as they had in the immediate aftermath of the US election results, despite a recovery later on Wednesday.

    • 10 Nov 2016
  • Lat Am bonds on hold after post-election price puke

    Lat Am bond market participants held varying views on just how bad the market reaction to Donald Trump’s victory in the US elections had been on Wednesday, but most agreed that issuance plans across the region would be on hold for a while as debt prices tumbled.

    • 10 Nov 2016
  • Putting my money where my mouth is

    I was a risk taker, back in the day, always on the lookout for money-making ventures. Now that I am retired, I am more conservative, but I made a big blunder on Tuesday after imbibing a Scotch or two at Captain’s Bar.

    • 10 Nov 2016
  • Energy players see opportunities despite Trump’s stance

    Property Assessed Clean Energy (PACE) and solar energy market participants are not giving up on potential benefits of a Donald Trump presidency on the sector, despite the president-elect’s controversial opinions on clean energy and climate change.

    • 09 Nov 2016
  • Non-core currency bonds resilient in the face of US uncertainty

    Donald Trump's victory in the US presidential election went largely unnoticed in key niche currency bond markets on Wednesday morning. Non-core currency bankers were confident pipelines will remain unchanged in Norway, and Switzerland.

    • 09 Nov 2016
  • Trump shock: Winners and losers in EM

    Donald Trump’s shock success in the US presidential election in the early hours of Wednesday met staunch resistance as far as EM asset prices were concerned. But dealers apportioned this to technical factors underpinning the market and warned that the long term impacts of the poll result are yet to be seen. GlobalCapital dissects the impact on EM region by region.

    • 09 Nov 2016
  • Business as usual: EM holds steady after Clinton loses

    Remarkable resilience in the face of an uncertain future was the tale of emerging market bond prices on Wednesday as Donald Trump won the presidential election in the US, much to the surprise of EM traders themselves, who expected the risk aversion to last much longer. But the outlook for EM bonds under a Trump presidency is far from rosy. Latin America has been the clear underperformer so far but more pain is expected.

    • 09 Nov 2016
  • EM surprises as spreads snap back within hours of election shocker

    Remarkable resilience in the face of an uncertain future was the tale of emerging market bond prices on Wednesday as Donald Trump won the presidential election in the US, much to the surprise of EM traders themselves, who expected the risk aversion to last much longer. But the outlook for EM bonds under a Trump presidency is far from rosy. Latin America has been the clear underperformer so far but more pain is expected.

    • 09 Nov 2016
  • Cheap money, not Trump, reigns in European loan markets after elections

    Though emerging market loans widened in early trading on the day after Donald Trump’s election, pricing for both IG and EM loans returned to the levels of the day before by midday — as the overriding theme of cheap money in European markets, not the shock result of the US vote, dominated.

    • 09 Nov 2016
  • Trump knee jerk 'not as bad as Brexit' for derivs markets

    Donald Trump’s shock US election victory in the early hours of Wednesday caused a shockwave to course through derivative markets overnight. But by midday in London traders said the overall reaction was much more orderly than in the aftermath of the UK vote in June to leave the European Union - and by close of business some markets had made full scale retrenchment.

    • 09 Nov 2016
  • European ECM deals still on course after Trump shock

    Equities in Europe have reacted with resilience to this morning’s surprise that Donald Trump will be the next US president.

    • 09 Nov 2016
  • Yes we can digest Trump, says European high yield

    The European high yield market on Wednesday proved that it has learned at least one lesson from its Brexit experience: the unexpected does not mean market shutdown. Despite Donald Trump's surprise US presidential election win on Wednesday morning, HY market participants think issuance could resume quickly.

    • 09 Nov 2016
  • Europe’s corporate bond market to be back in action on Thursday

    The euro corporate bond market sold off on Wednesday morning in reaction to Donald Trump’s victory in the US presidential election, but spread widening was limited, and bankers are already preparing new issues for Thursday.

    • 09 Nov 2016
  • SSAs look past Trump to Italy and next political risks

    Donald Trump may have shocked the world with his US presidential election win in the early hours of Wednesday, but the public sector bond market is already nervously eyeing the next chunk of political risk — particularly given the growing trend for polling companies to make spectacularly wrong predictions.

    • 09 Nov 2016
  • Corporate credit resilient in face of Trump win as ECB expectations grow

    Euro corporate bonds budged little on Wednesday morning as market participants reacted to Donald Trump’s surprise US election victory, with some investors buying on the dip and expectations growing for further central bank intervention in the market.

    • 09 Nov 2016
  • FIG eyes fast restart as spreads weather Trump shock

    The FIG market looked set to shrug off Donald Trump’s surprise victory in the US presidential election on Wednesday, and bankers were optimistic that new issuance could restart in a matter of days.

    • 09 Nov 2016
  • Asian issuers wait for Trump policies as DCM, ECM hit

    Capital markets participants in Asia were digesting the news of Donald Trump’s victory in the US presidential election as markets in the region went into freefall. While bankers and investors admit that no market will be immune to the news, they are expecting a quick rebound in ECM, while debt issuers will take longer to come to terms with the result.

    • 09 Nov 2016
  • Trump day: Hectic session for RMB in lead up to shock win

    In a rollercoaster day for markets, the renminbi had a rocky start before gaining ground against the dollar as news on the US elections unfolded. But volatility is likely to continue in the coming days as markets get to grips with Donald Trump’s victory.

    • 09 Nov 2016
  • ABS markets calm on eve of election

    ABS market players, though prepared for any knee-jerk reactions to an election upset, are keeping their cool as the US presidential race draws to a close.

    • 08 Nov 2016
  • CSPP to shelter corp market from US election result but powers ebbing

    Market participants are confident that the strong technical support of the European Central Bank will protect euro corporate bonds from US election induced volatility, but central bank intervention does not seem as powerful a tool as it once was.

    • 08 Nov 2016
  • The end of the world as we know it?

    Do not be reassured by the checks and balances narrative. The US presidential election matters desperately. Either the US will be in a position to keep leading the world, or it won’t.

    • 08 Nov 2016
  • Election result looms but central banks still hold sway over SSAs

    While the US presidential elections understandably held the attention of market participants on Tuesday as polling booths opened, some bankers believe that central bank policy will overshadow the result for SSA borrowers whatever it may be.

    • 08 Nov 2016
  • FIG readies mandates for Wednesday and a Clinton win

    Though none of them are ruling out a victory for Donald Trump, FIG market participants are positioned for Hillary Clinton to win the 2016 US presidential election. Banks could be ready to launch new trades on the same day as the result is announced.

    • 08 Nov 2016
  • Vol reset trades abound as Clinton victory prospects rise

    Derivatives markets across asset classes are projecting increased confidence of a Hillary Clinton win in Tuesday's US presidential election, but also revealing concern that volatility could then evaporate from markets for the rest of the year.

    • 08 Nov 2016
  • Curb your enthusiasm EM issuers told for post-US election

    The chance to avoid an assault course of monetary policy announcements will give emerging markets borrowers reason to flood into primary markets once the result of Tuesday's US presidential election is announced, syndicate officials have said, especially if Hillary Clinton prevails. But those same bankers doubted the robustness of demand to take down a large volume of issuance so close to year-end.

    • 08 Nov 2016
  • European HY to tough out US election even if Trump triumphs

    Only hours before one of the most tightly contested US presidential election in recent times is decided, participants in the European high yield market gave the event as non-plussed a shrug as it could manage.

    • 08 Nov 2016
  • Trump victory fires up exchange volumes after damp October

    Trading volumes reported in the wake of the US presidential election suggest that November is off to a flying start for derivatives exchanges. But the Trump effect only begins to mitigate a pronounced slump in activity for some asset classes in October.

    • 07 Nov 2016
  • Trump win may favour covered bonds

    On the eve of the US election covered bond bankers considered what the election outcome might mean for their market. A clear victory for the Republican nominee, Donald Trump, would be likely to spur risk aversion which could ultimately improve demand for safer assets such as covered bonds from strong core European issuers.

    • 07 Nov 2016
  • With 2009 record in sight, corporate bond market gears up for post-election supply sprint

    A volley of investment grade corporate bond issuers is set to hit the euro market at pace after the smoke clears following the US presidential elections on Tuesday.

    • 07 Nov 2016
  • Equities stuck between a rally and a hard place

    Equity capital markets are bracing for the US presidential election on Tuesday. Participants believe Hillary Clinton is narrowly more likely to win, but that stockmarkets around the world would fall if Donald Trump won.

    • 07 Nov 2016
  • SSAs hope for ‘business as usual’ after FBI clears Clinton

    A victory for Hillary Clinton in Tuesday’s US presidential election — made more likely by the Federal Bureau of Investigation saying over the weekend that it found no evidence of criminality in a batch of her emails it had investigated — would likely see a return to “business as usual” for public sector bond markets and a US rate rise in December, said market participants on Monday.

    • 07 Nov 2016
  • EM assets hold firm into final countdown

    Emerging market assets were buoyed by a turn in sentiment over the weekend as the Federal Bureau of Investigation's second probe into Hilary Clinton's emails was dropped. However, buying was limited as investors adopted a cautious stance ahead of the election and .

    • 07 Nov 2016
  • FIG market braced for 'chaos of uncertainty' following US election

    FIG borrowers’ last clear window for issuance hangs in the balance ahead of Tuesday’s US elections, as bankers fear a victory for Donald Trump would limit November supply and raise new issue premiums considerably.

    • 07 Nov 2016
  • Capital markets boarded up as US election storm gathers

    Who will win the US presidential election on November 8 was far from clear this week. But it looks increasingly likely that a Donald Trump win could bring 2016's primary capital markets activity to an abrupt halt.

    • 03 Nov 2016
  • Trump risk underpriced

    The US stock market and the dollar have been falling since last week, as fears have grown that Donald Trump might win the US presidency in Tuesday's election.

    • 03 Nov 2016
  • US elections spur corporate deal flow as issuers mull Trump scenario

    Both investment grade and high yield corporate issuers pumped out primary paper at a vigorous pace this week, as they bore out volatility to get ahead of the November 8 US elections.

    • 03 Nov 2016
  • Derivative markets fall to jitters as volatility levels jump for Trump

    A shift of momentum in the US presidential race has sent tremors through derivatives markets this week, with equity implied volatility ramping up, credit index spreads widening and the Mexican peso slumping against the dollar.

    • 03 Nov 2016
  • SSAs: tight US election result ‘most dangerous’ outcome

    An inconclusive result would be far and away the worst possible outcome of next week’s US presidential election, said a head of funding at a European agency, with any repeat of the legal wrangles that followed the 2000 vote likely to fuel market volatility.

    • 03 Nov 2016
  • US loans face up to a ‘chilling’ election but EMEA undaunted

    The EMEA loans market has been so far unruffled by next week’s US presidential elections — even if in the US itself deal flow has paused and the consequences of the vote could be far reaching, according to several loans bankers.

    • 03 Nov 2016
  • Issuers use roadshows to bridge date of finely balanced US election

    The FIG primary market has largely remained quiet ahead of the US election on November 8, and some borrowers desiring funding have even sought ways around having to get caught up in its aftermath.

    • 03 Nov 2016
  • Investors pile into govvies as Trump catches Clinton

    Government bonds across the developed markets are among the main winners of a sudden about-turn by investors away from riskier assets, which analysts are blaming on poll figures suggesting that US presidential candidate Donald Trump has moved ahead of rival Hillary Clinton.

    • 02 Nov 2016
  • Trump surprise would be too much for markets to bear

    The S&P500 blip on the news last Friday that the FBI was reopening its investigation of Hillary Clinton’s private email server showed that markets are on edge about the US election.

    • 01 Nov 2016
  • New York's unlikely renminbi gambit

    Home to the world’s largest capital market, the US has what it takes to redraw the global heat map of renminbi internationalisation (RMBi) now that it has been awarded a clearing bank and the world’s second largest RMB investment quota. Yet this potential could be squandered by the upcoming presidential elections unless market forces prevail.

    • 21 Oct 2016
  • Asia on edge as Trump vs Clinton nears finish line

    US election jitters are weighing on Asia’s equity and debt capital markets, leaving bankers split over the best course of action for issuers before the November 8 vote. Some are advising clients to make full use of the next fortnight, while others are advocating hanging back and rolling with the punches in the aftermath of the result. John Loh reports.

    • 20 Oct 2016
  • CFE comes up trumps as Mexico prospects recover

    Lat Am bond bankers said that Donald Trump’s floundering campaign to become US president could help Mexican borrowers as utility Comisión Federal de Electricidad (CFE) returned to bond markets with a 10 year benchmark.

    • 12 Oct 2016
  • Dollar records trumped as Clinton prevails in debates

    US corporate issuance came close to registering a record volume for September as triple-B rated borrowers lapped up strong demand on either side of the US Presidential debate.

    • 29 Sep 2016
  • CLO pipeline full as issuers look to beat US election

    Issuers are cramming the US CLO pipeline with new deals, rushing to close transactions before the US presidential election on November 8 and racing to to the finish line for risk retention implementation on December 24.

    • 27 Sep 2016

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 317,691.74 1201 8.90%
2 JPMorgan 291,227.96 1326 8.16%
3 Bank of America Merrill Lynch 285,088.11 991 7.99%
4 Goldman Sachs 217,749.25 714 6.10%
5 Barclays 209,291.80 811 5.87%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 32,320.82 147 6.67%
2 Deutsche Bank 32,259.50 104 6.66%
3 Bank of America Merrill Lynch 28,890.43 85 5.96%
4 BNP Paribas 25,663.29 144 5.30%
5 Credit Agricole CIB 22,617.86 130 4.67%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 18,160.85 71 9.15%
2 Morgan Stanley 15,215.44 76 7.67%
3 UBS 14,195.29 55 7.15%
4 Citi 14,014.57 86 7.06%
5 Goldman Sachs 12,113.98 67 6.10%