• Italy swaps out debt but yields rise again

    Italy replaced €3.8bn of a short dated BTP Italia with longer dated conventional BTPs on Thursday, but against a backdrop where its bond yields were once again on an upward trajectory.

    18 Oct 2018
  • Santander gets Cédulas away despite court ruling

    Santander did well to attract an oversubscribed order book for its €1bn 10 year Cédulas on Thursday — even as Spanish bank debt and equity sold off after the country's supreme court ruled that banks are liable for mortgage documentation taxes.

    18 Oct 2018
  • Netherlands and UK push ahead with non-preferred law

    This week the Netherlands took a major step towards became the latest European country to introduce a law enabling banks to issue senior non-preferred debt. And earlier this month the UK government closed a consultation for its own law to introduce the instrument.

    18 Oct 2018
  • Full shopping cart for Tesco’s comeback bond

    Debt buyers piled over the first high yield bond deal from UK supermarket chain Tesco, which increased its offering by half and reached investment grade pricing as order books swelled to eight times the initial benchmark size.

    • 12:45 PM
  • Dollar benchmarks tipped as MuniFin ‘a tickle’ off FRN subscription

    Public sector borrowers could bring dollar benchmarks next week ahead of the limited funding windows of November. Floating rate issuance was the main play in the sector this week, with Municipality Finance falling just short of full subscription as it brought the latest in the format on Thursday.

    • 04:30 PM

COPPLESTONE'S CARTOON

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PEOPLE & MARKETS

  • The last of the SIFIs: Pru goes too

    The US Financial Stability Oversight Council no longer has any systemically important financial institutions on its list, after voting to rescind the label for Prudential Financial this week.

    • 11:00 AM
  • Ex-bankers aim to disrupt equity fundraising

    An ex head of European equity sales, an ex fund manager and an ex-Goldman banker have launched an internet based funding platform to connect institutional investors with private companies looking for fundraising.

    • 17 Oct 2018
  • Not so fab for four as UBS culls sales staff

    Four sales staff have been let go from UBS's fixed income division. Two were from credit and two worked in rates.

    • 17 Oct 2018

COMMENT & COLUMNS

THE GLOBALCAPITAL VIEW

  • China sovereign bond: a blessing in disguise?

    China may have returned to the dollar bond market at a difficult point last week, but the sovereign still has a way to go before its notes become a real benchmark for the country’s debt issuers.

    • 08:15 AM
  • CYBG's IRB boost shows how UK big banks benefit

    CYBG’s move to an internal ratings based (IRB) approach highlights how the UK’s largest lenders enjoy a substantial competitive benefit over the challengers.

    • 16 Oct 2018

more Views

SOUTHPAW

  • ABN restructuring aims to cut lending, target returns

    ABN Amro has restructured its corporate and institutional bank following growing cyclical and regulatory pressures that are pushing ABN to keep tightly focused on returns in corporate finance, writes David Rothnie.

    • 10 Oct 2018

more Southpaw


LEADERS

  • Testing Brexit stress scuppers stress testing

    Tucked away at the end of a press release, the Bank of England announced this week that it would delay a stress test for financial institutions. A messy departure from the EU could test the banks in real life instead.

    • 11 Oct 2018
  • Fintech M&A: the future is here

    Fintech M&A has come of age, with buyers now focusing on the upper strata of the industry rather than the minnow on minnow action that has defined the sector so far. The capital markets should prepare for the influx of deal making.

    • 11 Oct 2018

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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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 302,654.45 1175 8.04%
2 JPMorgan 295,926.30 1292 7.86%
3 Bank of America Merrill Lynch 277,651.59 935 7.38%
4 Barclays 229,979.10 854 6.11%
5 Goldman Sachs 205,171.65 674 5.45%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 43,227.81 174 7.06%
2 JPMorgan 38,825.76 78 6.34%
3 Credit Agricole CIB 33,071.14 158 5.40%
4 UniCredit 32,366.25 145 5.29%
5 SG Corporate & Investment Banking 31,330.98 120 5.12%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13,024.03 55 8.96%
2 Goldman Sachs 12,162.67 59 8.37%
3 Citi 9,451.48 53 6.50%
4 Morgan Stanley 8,054.41 48 5.54%
5 UBS 7,829.15 30 5.38%