• Generali reopens Italian sub market

    Assicurazioni Generali was more than 10 times subscribed for its bullet tier two deal on Monday, the first public subordinated bond to be issued by an Italian financial institution in more than half a year. The deal likely benefitted from investors feeling more confident about both Italy and subordinated insurance debt.

    21 Jan 2019
  • Qatar offers Lebanon lifeline

    Qatar plans to buy $500m of Lebanese government bonds, providing the beleaguered country with a a reprieve from its bond market woes.

    21 Jan 2019

COPPLESTONE'S CARTOON

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PEOPLE & MARKETS

  • Moynihan promises hiring at BAML as De Giorgi quits

    Diego De Giorgi has left his post as global head of investment banking at Bank of America Merrill Lynch, less than four months after his boss and close ally Christian Meissner was ousted as head of corporate and investment banking (CIB) at the US bank.

    • 17 Jan 2019
  • Santander cancels Orcel's CEO appointment over deferred comp cost

    Santander has 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. But sources close to and away from the situation said that the Spanish bank under Orcel would have also looked to poach other senior UBS employees, potentially sending the buy-out bill spiralling.

    • 15 Jan 2019
  • Italian banks suffer as ECB cracks down on NPL stock

    The European Central Bank has slapped the institutions under its supervision with deadlines for dealing with their stocks of non-performing loans, giving the weakest lenders up to 2027 to raise their coverage levels to 100%. The revelation hit Italian banks hard in the market this week, though some commentators said that the new recommendations should hardly have come as a shock to investors.

    • 17 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.

    • 15 Jan 2019
  • 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.

    • 15 Jan 2019

more Views

SOUTHPAW

  • Investment banks gear up for tech coverage revolution

    Technology M&A will continue to power corporate finance activity in 2019 but, as deals increasingly cross sectors, banks are having to re-tool their coverage and break up internal silos, writes David Rothnie.

    • 17 Jan 2019

more Southpaw


LEADERS

  • Who’s afraid of the big bad loans?

    Mere mention of the words non-performing and loans together has the power to make markets quake, regardless of whether the details are good, bad or neutral.

    • 17 Jan 2019
  • When a bad deal leads to no deal, no one wins

    Maintaining confidence in the system relies on trust that leaders — those selected for their competence and character to set the course for the rest of us — are well informed, able to communicate with others at their level and take decisions that serve the interests of those they lead.

    • 17 Jan 2019

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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

more corporate bonds

EQUITY

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SYNDICATED LOANS

more loans

LEVFIN

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DERIVATIVES

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EMERGING MARKETS

more emerging markets

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 29,036.25 83 9.38%
2 JPMorgan 26,957.68 80 8.71%
3 Barclays 19,404.68 52 6.27%
4 BNP Paribas 19,264.87 42 6.22%
5 HSBC 19,097.04 63 6.17%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 9,498.80 2 86.78%
2 Swedbank 160.81 1 1.47%
2 Sumitomo Mitsui Financial Group 160.81 1 1.47%
2 SEB 160.81 1 1.47%
2 Nordea 160.81 1 1.47%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 ING 220.22 2 15.39%
1 Bank of America Merrill Lynch 220.22 2 15.39%
1 ABN AMRO Bank 220.22 2 15.39%
4 Morgan Stanley 114.77 1 8.02%
4 BNP Paribas 114.77 1 8.02%