• Santander cancels Orcel appointment over deferred comp cost

    Santander said it would not be hiring Andrea Orcel as group chief executive after all, because the cost of buying him out of previous compensation awarded at UBS would be too high. José Antonio Álvarez will remain chief executive, as he was before Santander announced in September that Orcel would join the firm.

    15 Jan 2019
  • Japanese regulators looking at EU-style ABS rules

    Japanese regulators are looking to implement risk retention requirements for investors that closely mirror European-style regulation, bringing them more in line with Europe but potentially distancing Japanese investors from US ABS markets.

    15 Jan 2019
  • Italy and EIB soak up huge euro demand ahead of Brexit vote

    Italy and the European Investment received combined orders of over €50bn in the euro public sector market on Tuesday before what could be an even more uncertain period in Europe, with the UK parliament set to vote on prime minister Theresa May’s Brexit withdrawal agreement later in the evening.

    15 Jan 2019
  • Gefco reopens Europe's IPO market

    Gefco, the French logistics company owned by Russian Railways, has kicked off pre-deal investor education for its flotation on Euronext Paris, reopening the IPO market in Europe in 2019.

    15 Jan 2019
  • Sponsors eager to bring new wave of loose deal docs

    Private equity sponsors have bankers and lawyers already at work on deals that will seek more flexibility and borrower-friendly covenants this year. But investors are also likely to offer tougher scrutiny this year.

    • 12:45 PM
  • MUFG hires Mann for FIG in Paris

    Mitsubishi UFJ Financial Group has appointed Jason Mann as European head of financial institutions DCM, a role which will be based in a branch of the bank’s new subsidiary, established to prepare for Brexit.

    • 01:30 PM
  • National security in crosshairs for UK M&A

    UK mergers and acquisitions are set for a tricky time over the next few years, as the government is expected to begin implementing a more stringent national security regime this year.

    • 02:00 PM

COPPLESTONE'S CARTOON

 

1587

PEOPLE & MARKETS

  • Agarwal on banking: ‘I loved the work we did’

    Capital markets veteran Sandeep Agarwal speaks to GlobalCapital about his decision to leave the sector after a period of more than 20 years, reflecting on what he describes as the ‘best learning experience’ he could have asked for following the financial crisis. As he prepares for a new challenge outside of banking, Agarwal warns that the industry is not ‘out of the woods yet’.

    • 14 Jan 2019
  • RBC Capital Markets' equity-linked head leaves

    A senior equity-linked debt banker has left RBC Capital Markets.

    • 14 Jan 2019
  • Alantra taps Fadel as managing director

    James Fadel has been hired as managing director at global investment bank Alantra and will join the firm's London office.

    • 14 Jan 2019
  • Brexit untangling could boost HSBC over its discos

    The European Banking Authority is sceptical about HSBC’s decision to re-grant capital treatment to some legacy debt instruments last year, but it is unsure about the leverage it can exert over UK authorities in light of the country’s upcoming departure from the EU.

    • 14 Jan 2019

COMMENT & COLUMNS

THE GLOBALCAPITAL VIEW

  • When markets don't match the reality

    It will probably be recalled as one of the worst quarters since the financial crisis. But the market's anxieties belie an economy where the indicators still look strong.

    • 06:30 PM
  • OBG supply can provide political cover for TLTRO III

    Never mind the fact that Italian banks are unable to fund themselves economically. If a few can demonstrate access to the Obbligazioni Bancarie Garantite market, the European Central Bank’s impending third targeted long term refinancing operation (TLTRO) might look less like a bailout.

    • 05:45 PM

more Views

SOUTHPAW

more Southpaw


LEADERS

  • UniCredit trade shows how Italy needs the ECB

    Italian banks are paying up for funding, both a cause and effect of financial stress in the country. It shows why the European Central Bank is likely to continue with TLTRO (targeted longer-term refinancing operations), and why the Italian government has less leverage over Europe than meets the eye.

    • 10 Jan 2019
  • Bashing World Bank damages US interests

    That US president Donald Trump’s administration should pick a fight with the World Bank — and the bevy of other multilateral development banks the US owns shares in — is no surprise.

    • 10 Jan 2019

more Leaders


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 JPMorgan 16,068.25 50 8.30%
2 Citi 14,381.91 47 7.43%
3 HSBC 13,839.24 43 7.15%
4 BNP Paribas 13,367.97 26 6.91%
5 Barclays 12,249.94 35 6.33%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 56,309.38 235 6.78%
2 Credit Agricole CIB 50,053.55 239 6.03%
3 JPMorgan 46,785.38 108 5.63%
4 UniCredit 45,665.76 207 5.50%
5 SG Corporate & Investment Banking 43,321.52 173 5.22%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 114.77 1 17.84%
1 BNP Paribas 114.77 1 17.84%
3 Commerzbank Group 65.85 2 10.23%
4 Oakley Advisory Ltd 64.52 1 10.03%
4 Barclays 64.52 1 10.03%