ECB QE DECISION 
GlobalCapital's full coverage of capital market reactions to Draghi's decision

  • ECB boosts stimulus but SSA market split in response

    European Central Bank president Mario Draghi clipped his dovish wings on Thursday, announcing several boosts to monetary stimulus — but falling short of predictions made by many in the market.

    • 03 Dec 2015

SSA

  • Super Mario falls from grace as bankers question ECB credibility

    A sharp sell-off in European assets followed the European Central Bank’s meeting on Thursday. Disappointed that the stimulus did not measure up to expectations, SSA bankers said that not only has Draghi damaged investor year-end returns, but also the reputation of the ECB as a credible organisation.

    • 03 Dec 2015
  • SSAs spy long end euro chance as agency mulls debut in currency

    European Central Bank president, Mario Draghi, may have roiled bankers by keeping some of his powder dry this week, but public sector borrowers spotted opportunities from his latest policies — including one that is mulling a first ever euro benchmark.

    • 03 Dec 2015
  • Investors relaxed about SSAs despite ECB disappointment

    Markets hiccuped on Thursday as the European Central Bank’s policy announcement failed to live up to hype. But, while investors may not have loved Mario Draghi’s restrained tone, they admit his thinking is sound.

    • 03 Dec 2015


FIG

  • Draghi plays Grinch to give FIG issuers a very nervous end to 2015

    FIG bankers looking to bring the final batch of 2015 bank bonds to market have been put on alert after the European Central Bank disappointed market participants with a new round of stimulus measures.

    • 03 Dec 2015
  • ECB QE choice leaves scope to moderate CBPP3

    The European Central Bank failed to meet the scale of quantitative easing the market expected, though to the extent it can buy a wider range of assets, this could allow it to scale back covered bond purchases under its official buying programme (CBPP3), bankers told GlobalCapital.

    • 03 Dec 2015


Equity

  • Draghi puts a drag on end of year ECM

    The European Central Bank has cast a shadow over what was a lively equity capital market for the time of year on Thursday, as it opted not to increase the pace of quantitative easing, writes Olivier Holmey.

    • 03 Dec 2015


Derivatives

Comment

  • Is Super Mario losing his bounce?

    With central bankers, it is all in the nuance. “Do what we must” sounds an awful lot like “whatever it takes”, but as of Thursday it means a very different thing.

    • 03 Dec 2015


Emerging Markets

  • ECB damp squib means no change for EM pipe currency make-up

    The European Central Bank boosted its quantitative easing programme this week but, with markets underwhelmed, emerging Europe debt bankers said it was unlikely to lead to more euro-denominated deals from the region's issuers.

    • 03 Dec 2015


Corporate Bonds

  • Opportunistic corporates set to stand down as ECB disappoints

    Corporate bond bankers in Europe have reacted philosophically to Mario Draghi’s underwhelming announcement on European Central Bank monetary policy on Thursday, and are contemplating a quick wind-down to the market before Christmas.

    • 03 Dec 2015

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
  • 16 May 2017
1 Deutsche Bank 19,381.65 47 8.82%
2 Bank of America Merrill Lynch 18,968.25 36 8.63%
3 HSBC 18,103.95 50 8.24%
4 BNP Paribas 8,911.57 55 4.05%
5 SG Corporate & Investment Banking 8,885.00 54 4.04%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 May 2017
1 JPMorgan 8,714.26 35 8.36%
2 UBS 8,283.47 33 7.95%
3 Goldman Sachs 7,736.57 37 7.42%
4 Citi 6,897.11 46 6.62%
5 Bank of America Merrill Lynch 6,215.31 24 5.96%