TOP STORIES

  • EIB blows doors off with landmark Sonia deal

    The European Investment Bank threw itself into a new type of sterling deal with aplomb, making a splash with a £1bn floater referencing the Sonia benchmark, in what bankers believe may become the new standard for the market.

    • 22 Jun 2018
  • EBA takes ‘step forward’ in creating ESN asset class

    The European Banking Authority has spelled out its thoughts about the worth of creating a market for European Structured Notes (ESNs), a covered bond-like dual-recourse instrument backed by a broader range of assets than legislative covered bonds ahead of a public hearing on the potential asset class next week.

    • 22 Jun 2018
  • Novo Banco to issue tier two and tender senior

    Novo Banco is looking to issue a tier two bond, as it part of an agreement reached when it was acquired by US private equity firm Lone Star last year. But under that agreement the Portuguese Resolution Fund is obliged to step in if the bank cannot place €400m of notes privately.

    • 22 Jun 2018

COPPLESTONE'S CARTOON

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PEOPLE & MARKETS

  • European banks could see boost in portfolio financing from EBA plans

    European-regulated banks might see a boost to their business from an obscure tweak to securitization rules, rolled out in a European Banking Authority paper published on Tuesday. The proposals could see them better able to compete with US firms in the increasingly lucrative business of portfolio financing through securitization.

    • 21 Jun 2018
  • Could bond buyers strike to force climate action?

    A new drive to encourage bondholders to "engage" with issuers — jargon for asking them to improve their behaviour — is set to be started by a well known corporate bond investor who has joined an NGO.

    • 21 Jun 2018
  • HSBC loses MTN banker

    An MTNs banker has resigned from HSBC.

    • 21 Jun 2018

COMMENT & COLUMNS

THE GLOBALCAPITAL VIEW

  • No shame in the game: taking the embarrassment out of pulled trades

    It’s time to take the stigma out of pulled deals. In this world of the Market Abuse Regulation (MAR), political volatility, and opportunistic issuance, sometimes it just shows that an issuer’s treasury was reaching a bit — and that’s OK.

    • 19 Jun 2018
  • Bond underwriters should tread carefully

    The Asian bond market has had a volatile quarter, with new dollar issues struggling in primary and notes underperforming in the secondary market. It may be tempting to cut corners, but there is no room for shoddy market practices.

    • 19 Jun 2018

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SOUTHPAW

  • Barclays makes up for lost time with European IB push

    Barclays has regained its mojo in corporate finance, after a period of drift. But with a flagging share price and an activist investor snapping at its heels, it's a race against time, writes David Rothnie.

    • 21 Jun 2018

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LEADERS

  • Dollar market proves it’s still the go-to option

    When Sanofi raised all €8bn of the funding it needed for its acquisitions of Ablynx and Bioverativ in March, much was made of how this showed the capability of the European market to take down large M&A financings. But if Europe is now so capable, why then did Bayer, one of Germany’s brightest corporate stars, take 75% of the €22bn of financing it needed to buy Monsanto from the US instead?

    • 21 Jun 2018
  • A sterling effort by EIB

    The European Investment Bank deserves serious plaudits for taking the plunge this week with a sterling floating rate note that pays coupons linked to Sonia rather than Libor — no matter how well the deal goes.

    • 21 Jun 2018

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PAINED TRADER

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GlobalCapital Bond Comments

View detailed issuer and bookrunner commentary and market appraisal for the key deals in the market. Choose from SSA, FIG, Corporates and Emerging Market deals.


ASSET CLASS NEWS

SSA

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FIG

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SECURITIZATION

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CORPORATE BONDS

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EQUITY

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SYNDICATED LOANS

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LEVFIN

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DERIVATIVES

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EMERGING MARKETS

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 194,259.13 750 8.03%
2 JPMorgan 183,078.62 813 7.56%
3 Bank of America Merrill Lynch 179,372.61 590 7.41%
4 Barclays 157,543.89 544 6.51%
5 HSBC 135,047.13 619 5.58%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 28,912.55 42 7.90%
2 BNP Paribas 24,202.26 84 6.62%
3 Citi 20,549.29 55 5.62%
4 SG Corporate & Investment Banking 18,875.30 66 5.16%
5 Credit Agricole CIB 18,608.86 78 5.09%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 9,131.78 41 8.96%
2 JPMorgan 8,709.42 37 8.55%
3 Citi 7,537.45 40 7.40%
4 UBS 5,926.29 19 5.82%
5 Deutsche Bank 5,145.17 32 5.05%