• Schisms make bitcoin’s future too uncertain for derivatives

    The coming of bitcoin futures could open the floodgates for Wall Street money, rapidly multiplying the global financial system’s exposure to the original cryptocurrency. But the bitcoin community is not united about what the asset should be and, as a result, it remains uniquely volatile.

    • 14 Nov 2017
  • ESMA warns ICOs could be regulated

    The European Securities and Markets Authority issued a warning on initial coin offerings on Monday, suggesting the unconventional capital raising tool may be subject to EU securities regulation.

    • 13 Nov 2017
  • Regulators cuddling bitcoin are schizophrenic

    CME Group, one of the US's premier financial institutions, plans to launch futures on bitcoin. This will give investors a clean way to bet on the price of the cryptocurrency, whose price has soared eightfold this year.

    • 02 Nov 2017
  • Bitcoin hits the mainstream as CME embraces crypto futures

    Bitcoin took another big step towards being accepted by the financial establishment when the Chicago Mercantile Exchange announced it would launch a cash-settled futures contract for the digital currency in the fourth quarter of this year.

    • 02 Nov 2017
  • Compliant tokens? See you in court

    Some financial regulators around the world are taking a dim view of the incredible numbers of initial coin offerings that have launched over the past few months. In an effort to avoid the coming storm of securities law enforcement, some sponsors of the offerings are adopting 'compliant' strategies. But these should still expect to be tested in court.

    • 31 Oct 2017
  • Blockchain platform hires banking veterans

    Zilliqa, a blockchain platform under development in Singapore, has hired two former investment bank employees as senior advisors.

    • 30 Oct 2017
  • ESMA exec: We could issue ICO warning

    Vice-chair of the European Securities and Markets Authority (ESMA) Anneli Tuominen has said that the body could issue a warning on Initial Coin Offerings (ICOs), a method of capital raising using cryptocurrencies on a blockchain.

    • 18 Oct 2017
  • Europe sounds warning on cryptocurrencies as EMs rush to digital payments

    Bankers and policymakers have sounded the alarm over the impact that cryptocurrencies could have an areas as wide-ranging as anti-terrorism, anti-money laundering and tax evasion even as they embrace the potential of fintech

    • 15 Oct 2017
  • Thailand to use blockchain technology to boost corporate debt market

    The head of Thailand’s Bond Market Association tells GlobalMarkets about the potential of blockchain and wider market reforms to increase trading efficiency and help expand the size of its corporate debt market

    • 12 Oct 2017
  • The crypto market is growing up

    The Wild West days are not over in the cryptocurrency market, but the shoots of a more civilised and reliable market are beginning to poke through.

    • 03 Oct 2017
  • KfW blockchain ECP test highlights missing link of cash settlement

    KfW has sold Europe’s first blockchain-based bond, although a quirk of German law meant the transaction had to be replicated on paper. While the bond was instantly settled, those involved say a crucial component is missing if this technology is to become part of capital markets’ infrastructure: a cash settlement facility on a distributed ledger.

    • 28 Sep 2017
  • Blockchain ECP trial highlights need for central bank crypto-cash

    KfW has joined the select group of capital markets institutions to have issued a security using blockchain technology. Though only a proof of concept, the transaction highlighted the fact that, without some kind of distributed ledger cash system, blockchain-based issuance has little to offer. If the technology is to realize its promise, central banks must weigh in and provide a solution.

    • 26 Sep 2017
  • KfW runs blockchain ECP test

    KfW has entered the Blockchain race, after simulating a trade in real time using distributed ledger technology, the agency said on Monday.

    • 25 Sep 2017
  • OCC still at 'discussion stage' for fintech bank charter

    Acting Comptroller of the Currency Keith Noreika told attendees at the Finovate Fall conference in New York that a special purpose banking charter for fintech companies is still being developed, but is confident that his replacement would take up the cause.

    • 13 Sep 2017
  • Race for first European blockchain bond nears finish line

    A new platform expects to host the first European bonds to be issued on a blockchain in September.

    • 17 Aug 2017
  • Nine curious artefacts from the world of cryptocurrency

    The cryptocurrency market is sensationally hot. The pace at which new money is flooding into the market is staggering. Some of the hype might turn out to be justified, but there are plenty of ridiculous ideas getting swept up in the palaver. Here are nine of the best.

    • 15 Aug 2017
  • Booming cryptocurrency capital market goes legit with first SEC-compliant deal

    Filecoin, one of the first cryptocurrencies to function in explicit compliance with SEC securities regulation, is set to launch on Thursday on a platform called Coinlist, a fund-raising platform to help start-ups run their own "initial coin offerings". The offering is a test of whether the controversial capital raisings can function in accordance with rules designed for shares and bonds.

    • 10 Aug 2017
  • Despite convertible loan, crypto isn't ready for capital markets

    Cryptocurrencies are making inroads into traditional capital markets territory, and there is certainly money to be made, but, as Tuesday’s hard fork in Bitcoin shows, the market has a long way to go before it is sufficiently stable to be anything more than a curiosity.

    • 01 Aug 2017
  • Is the SEC inflating the crypto-bubble?

    One of the murkiest areas of modern finance, as of Tuesday, fell under the scrutiny of the US regulatory authorities. The booming cryptocurrency industry has hitherto provided an unregulated source of free capital to tech start-ups, but those days could be over.

    • 27 Jul 2017
  • SEC puts crypto on notice with DAO verdict

    The cryptocurrency market is renowned as one of the most volatile and unpredictable sectors of finance. It has blossomed throughout 2017, providing an unregulated means for start-ups to raise capital, until Tuesday evening when the US Securities and Exchange Commission published a report making it abundantly clear that the Wild West days of the crypto-asset market are numbered, if not yet over. Lewis McLellan reports.

    • 27 Jul 2017
  • Funding on blockchain: a new bubble

    Initial Coin Offerings (ICOs) are the hot new way to raise capital — $1.2bn has been raised in 57 launches this year (according to a report by Autonomous) — and the appeal for start-ups is obvious. However, with investors piling in with no regard for long-term value, it’s a bubble waiting to burst.

    • 25 Jul 2017
  • Daimler, LBBW produce first Schuldschein on blockchain

    Daimler and Landesbank Baden-Württemberg launched on Wednesday the first Schuldschein issue to be sold using blockchain technology.

    • 29 Jun 2017
  • Daimler, LBBW produce first Schuldschein on blockchain

    Daimler and Landesbank Baden-Württemberg have launched on Wednesday the first Schuldschein issue to be sold using blockchain technology.

    • 28 Jun 2017
  • Blockchain platform eyes ABS market for funding

    Secured Automated Lending Technology (Salt), a Denver-based blockchain company, is eyeing the securitization market to finance its growth, chief executive Shawn Owen tells GlobalCapital.

    • 23 May 2017
  • Bonds on blockchain: an idea whose time hasn’t come

    Capital markets have always been among the early adopters of new technology, but blockchain for bonds is further away than you might think. As always, humans will get in the way.

    • 14 Feb 2017
  • Deutsche Börse to build up blockchain for collateral transfer

    Deutsche Börse is working on a “collateralised coin” using blockchain technology, which it hopes could ease payments and the moves of collateral between the clearing members of its centralised counterparty (CCP), Eurex. The initiative follows closely on the heels of two earlier blockchain-inspired collaborative efforts that aim to ease cross-border collateral transfer and the securities settlement process.

    • 26 Jan 2017
  • First bond issue on blockchain for QTC

    Queensland Treasury Corp ran a prototype bond auction on Commonwealth Bank of Australia’s blockchain platform, the bank said on Tuesday. QTC generated a bond tender, viewed investor bids in real time, finalised investment allocation and settled the dummy issue instantly — although it was on both sides of the deal, as sole issuer and investor.

    • 25 Jan 2017
  • MTN dealers sceptical of costly Origin, but MAR could add value

    Origin, an electronic platform for private placement issuance, went live on Monday. While some dealers believe the system may be too costly for the service it provides, the market abuse regulation (MAR) could make the system more valuable.

    • 12 Jan 2017
  • From theory to reality: DTCC takes blockchain into trade warehouse

    Use of blockchain technology in the derivatives market progressed beyond the proof of concept (POC) phase this week, with the Depository Trust & Clearing Corporation (DTCC) moving to take distributed ledger into the heart of its operation.

    • 09 Jan 2017

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 390,564.78 1474 8.99%
2 JPMorgan 358,442.23 1626 8.25%
3 Bank of America Merrill Lynch 344,395.33 1215 7.93%
4 Goldman Sachs 257,185.44 862 5.92%
5 Barclays 252,851.12 991 5.82%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 36,645.46 176 6.31%
2 Deutsche Bank 36,386.11 128 6.26%
3 Bank of America Merrill Lynch 30,712.91 97 5.28%
4 BNP Paribas 30,600.75 184 5.27%
5 Barclays 30,394.96 86 5.23%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 21,398.51 94 8.80%
2 Morgan Stanley 17,329.08 90 7.13%
3 Citi 16,974.50 104 6.98%
4 UBS 16,643.68 66 6.85%
5 Goldman Sachs 16,179.39 87 6.66%