• Equity Capital Markets Awards 2017: the winners revealed

    GlobalCapital revealed the winners of its Equity Capital Markets Awards 2017 at our third annual Awards Dinner in London on March 20. CEOs and CFOs were present to collect Awards for landmark deals such as the UniCredit and Santander rights issues and the IPOs of Allied Irish Banks and Pirelli.

    • 20 Mar 2018
  • Cigna jumbo loan just a drop in the ocean

    US health insurer Cigna has agreed a $26.7bn bridge loan from two banks as part of its deal to buy Express Scripts, in a transaction lenders say highlights how deep liquidity is in the market.

    • 20 Mar 2018
  • Covered bond investors reject tight spreads as ECB cuts back

    Covered bond investors have “had enough of tight spreads”, as demonstrated on Tuesday by the contrasting fortunes of deals from Lansforsakringar Hypotek AB (LF Hyp) and Aareal Bank. At the same time, the European Central Bank continued to scale back its order.

    • 20 Mar 2018






  • Small is big for China tech IPOs

    China’s regulators have floated the idea of allowing Chinese Depository Receipts (CDR) as a way to attract the mainland’s new economy giants to list on the home market — a big step in the right direction if China wants to win the returning business of its foreign-listed technology firms. But with rules around the issuance still in the works, focusing on small names may reap big rewards.

    • 09:45 AM
  • Secrecy is not an option

    A panel last week on gender parity in the workplace hosted by Women in Energy pulled no punches in demanding that Wall Street stop hiding behind a culture of settlements related to sexual misconduct.

    • 20 Mar 2018

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  • Goldman loses sense of timing in succession shambles

    The botched succession to the chief executive seat is un-Goldmanlike, and the firm must provide more clarity if it is to stay focused on its expansion plans and not cede the initiative to its rivals, writes David Rothnie.

    • 14 Mar 2018

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  • Why passivity attracts our aggression

    Bond deals used to be executed by lead managers and co-managers. Then came passive and active bookrunners. Global co-ordinators were then thrown into the mix. And then this week, that role was split into passive and active distinctions on Tullow Oil’s €650m seven year non-call three year deal. These job titles are making less and less sense.

    • 15 Mar 2018
  • Uber: no banks, no bother

    Uber’s self-syndicated leveraged loan is not just another example of big tech’s ambitious approach to the capital markets but a tribute to the hot credit markets that make these efforts fruitful.

    • 15 Mar 2018

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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.



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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 100,551.57 379 7.97%
2 Bank of America Merrill Lynch 94,955.12 283 7.53%
3 JPMorgan 89,221.77 376 7.07%
4 Barclays 79,395.98 253 6.29%
5 Goldman Sachs 71,488.50 189 5.67%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 11,824.84 23 9.30%
2 SG Corporate & Investment Banking 10,557.74 22 8.30%
3 Bank of America Merrill Lynch 10,272.44 19 8.08%
4 Citi 7,587.00 19 5.97%
5 BNP Paribas 7,233.60 28 5.69%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 4,903.96 19 12.16%
2 Citi 3,214.24 14 7.97%
3 Deutsche Bank 3,091.62 15 7.66%
4 JPMorgan 2,471.71 12 6.13%
5 UBS 2,093.71 7 5.19%