• Arch Bay Closes Novel RMBS

    Arch Bay Capital has closed its long-rumored private label residential mortgage-backed securitization.

    31 Jan 2011

  • Two CLOs Hit The Market; Subs Rally

    About $800 million in two new collateralized loan obligations have rolled out to investors, with AAAs from the $402 million Ares Management CLO closing on Friday at a spread of three-month LIBOR plus 160 bps, five basis points wider than initial guidance.

    31 Jan 2011

  • Prime Non-Agency RMBS Loan Prepayments Accelerate

    Prepayment of loans in prime non-agency residential mortgage-backed agencies has accelerated faster than other types of loans in January, according to Royal Bank of Scotland.

    31 Jan 2011

  • Citi May Retain Some Of CitiFi’s Toxic Assets

    Citigroup is said to be considering not including all of CitiFinancial’s toxic assets as part of a sale of the consumer finance business.

    31 Jan 2011

  • CRE Lending Inches Up In Q4

    Major banks increased business property lending in the fourth quarter as they now are making inroads into a sector that previously was dominated by smaller, community financial institutions.

    31 Jan 2011

  • The Higher The Yield, The Better The Loan Payoff

    There is a “tight correlation” between the debt yield on a loan and the likelihood the loan would pay off, accord to Trepp.

    31 Jan 2011

  • Republican Lawmakers Pitch To Ditch HAMP

    A trio of Republican members of the House of Representatives have introduced a bill to end the Department of Treasury’s Home Affordable Mortgage Program.

    31 Jan 2011

  • S&P Strangle Built

    One buysider has sold a few billion dollars in notional strangles with out-of-the-money puts and calls on the S&P 500 over the past six months.

    31 Jan 2011

  • GMAC Put Option On Dutch Bonds Doubtful

    GMAC ResCap, an Amsterdam-based lending arm of U.S. firm Ally Financial, warned investors in one of its sponsored residential mortgage securitizations that bond redemption on the next optional put-date may not be possible.

    31 Jan 2011

  • FICC Revenues Plunge At European Banks

    Revenue from fixed-income, fx and commodities trading at European banks is expected to plummet 35-40% in the latest round of earning reports compared with a year earlier, according to analysts.

    31 Jan 2011

  • Credit Derivatives Arb Benefits From European Volatility

    The European sovereign debt crisis has resulted in elevated volatility in European credit indices.

    31 Jan 2011

  • BarCap, Deutsche Bank Tops In Quality

    Barclays Capital and Deutsche Bank were named quality leaders for 2010 by Greenwich Associates.

    31 Jan 2011

  • CDS On Gulf Nations Widen Sharply

    Credit default swap spreads on debt issuers in the Gulf Cooperation Council widened as a result of political upheaval in Egypt.

    31 Jan 2011

  • Clariden Scores German First

    Clariden Leu has partnered with Fundmatrix, the German distribution agent, to offer its first UCITS III-compliance insurance-linked securities in Germany.

    31 Jan 2011

  • BoA Merrill Joins Dubai Equity Derivatives Market

    Bank of America Merrill Lynch has become the first general clearing member on Nasdaq Dubai’s equity derivatives market.

    31 Jan 2011

  • Wells Unit Joins CME To Clear Interest-Rate Swaps

    Wells Fargo Securities has joined CME Group for clearing of over-the-counter interest-rate derivatives.

    31 Jan 2011

  • Walker Crips Debuts Second Issue Of Index-Linked Kick-Out

    Walker Crips Structured Investments has launched the second issue of a structured product linked to the performance of FTSE 100, EuroStoxx 50 and S&P 500.

    31 Jan 2011

  • Scotia Expands Fixed Income

    Scotia Capital has hired Cesare Roselli as managing director and head of sovereign, supranational and agency origination in Europe, a part of its global fixed-income team in London.

    31 Jan 2011

  • U.S. Investors To Drive Euro Mart In 2011

    U.S. accounts are still taking interest in European primary securitizations, from residential mortgage-backed securities to the latest auto transactions to come out of the U.K.

    31 Jan 2011

  • Eusipa Seeks Separate Risk Classification From UCITS

    The European Structured Investment Products Association has urged the European Commission to conduct a study for the development of a so-called risk classification system for packaged retail investment products, such as structured products, that is separate from UCITS risk classifications set out by the European Securities and Markets Authority.

    31 Jan 2011

  • Barclays Said To Eye CMBS Servicer Sale

    Barclays Capital is said to be looking to sell Barclays Capital Mortgage Servicing,

    31 Jan 2011

  • RBS Could Begin Privatizing In 2012

    Royal Bank of Scotland could begin selling off its government-held stakes as early as next year, if market conditions are right, according to unnamed RBS officials.

    31 Jan 2011

  • AIB Seeks To Lower Loans Transferred To NAMA

    Allied Irish Banks has asked Ireland’s Department of Finance to allow it to reduce the number of loans it needs to transfer to the National Asset Management Agency.

    31 Jan 2011

  • U.K. I-Bankers Expect Small Bonus Deferral

    Investment bankers working in the U.K. are expecting only 13% of their bonuses to be deferred three to five years—sharply lower than the 40% to 60% recommended by the Financial Services Authority, according to a survey by Astbury Marsden, the recruiting firm. “

    31 Jan 2011

  • EMEA RMBS Stable In November

    Performance of prime residential mortgage-backed securities in Europe, the Middle East and Africa continued to stabilize in November with at least three exceptions, according to Moody’s Investors Service.

    31 Jan 2011

  • S&P Enhances European Structured Finance Analytics

    Standard & Poor’s has enhanced its ABSXchange, the structured finance analytics platform.

    31 Jan 2011

  • Knight Proffers Delta Options Algo

    Knight Capital Group has completed the rollout of a new delta adjusted options algo. The delta adjusted strategy allows a trader to calculate movement for both an option and the underlying stock simultaneously to create a delta hedge.

    31 Jan 2011

  • Towergate to raise £930m of debt for Advent cash injection

    Private equity firm Advent International is to invest £200m in UK insurance firm Towergate Partnership, dependent on the successful raising of £930m of debt facilities to be arranged by Credit Suisse, Goldman Sachs, JP Morgan and Lloyds.

    31 Jan 2011

  • AAK signs new five year deal

    Swedish vegetable fats firm AarhusKarlshamn (AAK) has completed a new five year loan facility, refinancing a syndicated line set to mature later this year.

    31 Jan 2011

  • Etisalat edges closer to Zain deal

    UAE telecoms company Etisalat has set an end of February deadline for due diligence on its acquisition of a 51% stake in Zain, the Kuwaiti mobile communications company. The previous deadline was January 15.

    31 Jan 2011

  • Equity Bigwig Fullalove Joins UBS

    Mike Fullalove, the former head of equity derivatives at Nomura in London, has joined UBS in a new role as global head of alternative fund distribution, also in London, according to a memo seen by Derivatives Week.

    31 Jan 2011

  • Bank of India lines up Reg-S bond meetings

    State-owned Bank of India has picked banks to arrange a series of meetings that could lead to the first dollar bond from an Indian bank this year.

    31 Jan 2011

  • Olam eyes loan for Australian subsidiaries

    Commodities company Olam International has approached loans bankers with a A$400m ($397m) deal that will raise money for two Australian subsidiaries.

    31 Jan 2011

  • China Opens Derivatives To Asset Managers

    The recently-approved new over-the-counter derivative rules from the China Banking Regulatory Commission will open the derivatives market to asset managers as well as dealers, according to a report by Allen & Overy lawyers.

    31 Jan 2011

  • Carlyle gets teeth into IDH buy-out

    Bank of Ireland, ING, Lloyds and Société Générale are arranging the financing for Carlyle’s buy-out of UK dental group Integrated Dental Holdings (IDH).

    31 Jan 2011

  • Structured MTNs return but caution remains crucial

    Bank capital was expected to be a big MTN asset class in 2010. It never happened. As for 2011, FIG volumes will be stable, but the shape of the market is changing, reports Will Caiger-Smith.

    31 Jan 2011

  • Italians compete for space

    After good buying in the long end of the French curve at the end of last week, spurred by the back-up in yields, secondary market activity has slowed markedly and the focus is once again back on the primary where there are several deals are in play. The Italian market is taking centre stage amid concerns that one issuer might crowd out the other.

    31 Jan 2011

  • Supras and agencies pass 2010 but tougher test ahead

    By last autumn, most frequent supranational and agency borrowers were luckily close to completing, or had just finished, their borrowing programmes. But while the sovereign crisis drove demand for safe-haven names, to dismiss 2010 as an easy year for those issuers underestimates the trials they faced, writes Ralph Sinclair.

    31 Jan 2011

  • Top banks voted for by their peers

    EuroWeek polled the DCM and bond syndicate teams at leading institutions to find out which of their rivals they thought had done the best job across all sectors and currencies in a tough year. Here are the results. The borrowers’ poll to decide the top banks, and the bankers’ vote on the top borrowers, will take place in April and May and the award winners will be revealed at the EuroWeek Bond Dinner on May 18.

    31 Jan 2011

  • Santander's UK RMBS guidance

    Guidance is out on Holmes 2011-1, the first UK RMBS of the new year. Leads BNP Paribas, Deutsche Bank, JP Morgan and Santander GBM are offering the 2.9 year average life dollar tranche at around 135bp over three month Libor, the 4.9 year average life euro tranche at 145bp-150bp over three month Euribor, and the 4.9 year average life sterling tranche at around 145bp over three month Libor. The $500m 0.9 year average life dollar tranche has been preplaced.

    31 Jan 2011

  • Agencies reassure on Spanish foreclosure

    A provincial Spanish court decision allowing borrowers to walk away from their mortgage obligations will have no effect on Spanish RMBS or covered bonds, as other courts are expected overrule the decision, say Fitch and Moody’s.

    31 Jan 2011

  • Securitisation and the search for the new normal

    The European primary market enjoyed a year of progress in 2010, with deals moving up the scale from private placements to diverse public issues and increased sizes. But with secondary spreads on senior tranches going nowhere, questions remain over how viable securitisation is as a funding tool, reports Owen Sanderson.

    31 Jan 2011

  • Basis swap bingo for SSA CP

    Supranationals and agencies gained from the double whammy of favourable basis swap movements and an investor flight to quality in the CP market last year. And, as Tessa Wilkie reports, the good times aren’t likely to stop any time soon.

    31 Jan 2011

  • Origin Energy seeks early birds for A$2bn loan

    Origin Energy, an Australian gas and electricity company, is putting together the top group of banks for a syndicated loan that it hopes will be worth around A$2bn. The company will use the money to buy two electricity providers from the New South Wales government.

    31 Jan 2011

  • Holmes releases guidance

    Guidance is out on Holmes 2011-1, the first UK RMBS of the new year. Leads BNP Paribas, Deutsche Bank, JP Morgan and Santander GBM are offering the 2.9 year average life dollar tranche at around 135bp over three month Libor, the 4.9 year average life euro tranche at 145bp-150bp over three month Euribor, and the 4.9 year average life sterling tranche at around 145bp over three month Libor. The $500m 0.9 year average life dollar tranche has been preplaced.

    31 Jan 2011

  • Belgacom offers no concession but still raises Eu2bn

    Belgium’s Belgacom issued a Eu500m seven year bond on Monday that offered no new issue concession but still raised Eu2bn of orders and broke several basis points tighter.

    31 Jan 2011

  • Towergate targets £570m as bankers ready for HY growth

    UK insurer Towergate said on Monday it would issue a debut high yield bond as supply in Europe’s junk market accelerates.

    31 Jan 2011

  • Deal pipeline - 31 January 2011

    31 Jan 2011

  • European high yield reaches tipping point

    If 2010 was a blow-out year for the high yield bond sector the coming years could set new records as a new wave of refinancings falls due, reports Robert Vielhaber.

    31 Jan 2011

  • CP market backs troubled sovereigns

    The CP market was open in 2010 for many sovereigns which had suffered in the public bond markets. But as much of the traditional investor base had stopped buying these issuers’ paper by the end of the year, 2011 could prove tough if conditions worsen. Tessa Wilkie reports.

    31 Jan 2011

  • Peripherals face toughest year yet as crisis heads for climax

    If you thought 2010 was bad for the eurozone peripheral sovereigns, 2011 is unlikely to be any better. Meanwhile, the wrangling between politicians as they seek to find solutions to the debt crisis will probably cause more harm than good — as it did in 2010. Jo Richards reports

    31 Jan 2011

  • Supras look to MTNs for exotica

    Supranational and agency borrowers in core Europe found the MTN market a useful complement to a busy year in the public markets. Issuers were able to issue private placements in exotic currencies and light structures to offer investors extra yield or increased protection. Tessa Wilkie reports.

    31 Jan 2011

  • High yield plugs the gap

    A strong year for the high yield bond market spilled over to help the leveraged loan sector recover. But questions remain over how the two products can work together, report Oliver West and Robert Vielhaber.

    31 Jan 2011

  • Bolzano takes senior step alone

    Italian regional lender Cassa di Risparmio di Bolzano was the only bank to step into the senior euro market on Monday morning, as many European banks head into blackout. However several other banks were out with covered bonds.

    31 Jan 2011

  • Agencies reassure on Spanish foreclosure

    A provincial Spanish court decision allowing borrowers to walk away from their mortgage obligations will have no effect on Spanish RMBS, as other courts are expected overrule the decision, say Fitch and Moody’s.

    31 Jan 2011

  • Emerging FIs lay firm foundations for 2011 takeoff

    Some emerging market banks have had a calamitous few years, with the ensuing restructurings far from investor-friendly. But these financial institutions are slowly becoming braver in the bond markets, as Francesca Young reports.

    31 Jan 2011

  • EM loans cower in bonds’ shadow

    Emerging market banks have been lured away from syndicated borrowing by the attractions of the bond markets — a trend that is expected to continue in 2011. But there were, nonetheless, some stand-out loans in 2010, and the Gulf region could be a source of more. Rachel McGovern reports.

    31 Jan 2011

  • MTNs hope Europe’s investors will fill Asian vacuum

    The MTN market hopes European investors will step up this week as Asian buyers who carried the market through January prepare for the Chinese New Year holidays.

    31 Jan 2011

  • Emerging Markets awards poll 2010

    EuroWeek asked emerging market teams at the leading investment banks in the international bond markets for their views on the best deals of 2010. Bankers nominated their preferred deals for a shortlist. Then, excluding the deals they had worked on, they were asked to choose the best deals from that shortlist. Here are the results. For more information, call Francesca Young on +44 (0)20 7779 7313.

    31 Jan 2011

  • Covered bonds set to deliver on potential

    Europe’s sovereign debt crisis notwithstanding, covered bonds head into 2011 with the wind at their back. Investors are drawn to the security the asset class offers, a focus that may intensify given bail-in discussions. Meanwhile, bank liquidity and insurance industry regulations favour the funding tool over senior unsecured debt. Susanna Rust reports.

    31 Jan 2011

  • Sovereign and regulation woes cloud FIG outlook

    Banks must jump at market opportunities while they are there because the senior FIG market is likely to be as volatile in 2011 as it was last year, warn market participants. Sovereign debt problems will linger over funding markets, and uncertainty over incoming regulations will cause problems for borrowers, writes Katie Llanos-Small.

    31 Jan 2011

  • Recovery heralds return of leveraged loans

    The leveraged loan market has picked itself up off the floor and is landing a few punches. September, was the busiest month in the market since 2007. Bankers and investors now expect 2011 to be a healthy year for business. Oliver West reports.

    31 Jan 2011

  • EDP follows up euro blowout with first Swissie

    Energias de Portugal, fresh from its Eu750m success last week, launched a debut Swiss franc deal on Monday as an undersupply of corporate paper in the currency tempted investors to buy the bond.

    31 Jan 2011

  • MTNs provide exit for agile sovereigns

    Despite a turbulent year for European sovereign issuers, some borrowers managed to issue stand-out deals last year, proving that the MTN market is a propitious place to turn to when conditions dictate a more innovative approach to funding. Tessa Wilkie reports.

    31 Jan 2011

  • Emerging markets pick up on flight to yield

    With yields plummeting in developed markets across the world, emerging market companies have found themselves the focus of attention for investors looking for a pick-up over miserly rates elsewhere. This looks set to continue into 2011. Although there is still little syndication depth in the loan sector, pricing there is compelling. And for those that need tenor, the bond market provides it. Francesca Young and Rachel McGovern report.

    31 Jan 2011

  • Crisis drives wedge into FIG CP

    Having started the year at roughly $350bn equivalent, ECP outstandings for bank issuers had dropped to $245bn by December. Dealers say the market has found its floor but that 2011 will be a crucial year for financial institutions. Will Caiger-Smith reports.

    31 Jan 2011

  • The RBS Australian Covered Bonds Roundtable

    Issuance in Australian dollars by financial institutions surged last year, with one notable highlight of 2010 being the first Kangaroo covered bond since 2007. This was the A$750m three year transaction launched in October by the Canadian Imperial Bank of Commerce (CIBC), which generated orders of more than A$1bn.

    31 Jan 2011

  • Deals priced - 31 January 2011

    31 Jan 2011

  • BFA confirms caja IPO plan

    Banco Financiero y de Ahorros (BFA), the Spanish savings bank SIP that has Eu339bn of assets and includes Caja Madrid, Bancaja and five other cajas, will IPO in 2011, the group’s chairman said on Monday as it reported a Eu9.2bn charge to clean up its balance sheet. The move follows announcements last week from Caixa Barcelona and reports that Banco Base, another SIP, also plans a listing.

    31 Jan 2011

  • Peripheral woes mean EM stars burn brighter

    Emerging market sovereigns go into 2011 as the new superstars of the bond markets. Throughout the last year they increasingly attracted investors turning away from western European paper. But is the enthusiasm of these investors a knee-jerk reaction to the volatility of developed markets, or have the emerging market sovereigns really come through the crisis stronger than they were before? Francesca Young finds out.

    31 Jan 2011

  • Retail rescues Swiss market from rates-driven relapse

    With interest rates at spectacularly low levels, 2010 could have been a wash-out in the Swiss franc market with investors either sitting on their hands or switching currencies. Instead, it was a year of innovation, with the market opening to new jurisdictions and new deal structures. Owen Sanderson reports.

    31 Jan 2011

  • US market prepares for 2011 onslaught

    The US dollar covered bond market restarted in impressive fashion in 2010 on the back of strong domestic demand, opening up a new investor base for Canadian and European issuers eager to diversify their funding. Supply is projected to double in 2011, though the dollar market faces some daunting hurdles. Steven Gilmore reports.

    31 Jan 2011

  • CBA prints Australian banks’ first Swedish krona MTN

    Commonwealth Bank of Australia last week became the first Australian bank to sell an MTN denominated in Swedish krona. However, the likelihood of Australian banks doing more deals in the currency will depend on the basis swap between Swedish krona and US dollars, bankers said.

    31 Jan 2011

  • The Nordea Nordic SSA Roundtable

    The sovereign crisis of 2010 was not bad news for everybody in capital markets. Investors looked for credit quality and currency performance away from the eurozone and that meant some issuers were well bid across markets. One group in particular that enjoyed an upsurge in investor interest were the Nordic supranational, sovereign and agency borrowers.

    31 Jan 2011

  • Sub debt under threat as authorities tighten screws

    A new law giving a government almost unlimited powers to impose losses on subordinated debt is how the bank capital market ended 2010. Yet, despite some serious setbacks, there are still reasons to be cheerful in 2011. Hélène Durand reports.

    31 Jan 2011

  • La Caixa RWN should not affect its Cedulas

    Fitch and Moody’s placed La Caixa (A+/A2) on negative review last Friday. The rating comes despite a 45bp rally in its senior unsecured CDS at the time it reported results, and ahead of a rumoured five year cédulas issue. Despite the seemingly negative repercussions the prospective deal would remain triple A, even if a downgrade followed.

    31 Jan 2011

  • Aussie market rides high

    It was a remarkable year for the Australian bond market in 2010 with record volumes of business and talk that the market has gone beyond being merely an arbitrage play, reports Owen Sanderson.

    31 Jan 2011

  • A year in the FIG market

    31 Jan 2011

  • Corporate bonds: the new risk-free asset class?

    Europe’s corporate bond market proved resilient in the face of the eurozone sovereign debt crisis. Many investors now view the asset class more favourably than the sovereign and FIG markets. But, as Paul Wallace reports, corporate bond supply this year could continue to fall short of the rampant demand.

    31 Jan 2011

  • Chalco plans share sale, plenty more aluminium deals to follow

    Aluminium Corporation of China (Chalco) is planning to raise around Rmb9bn ($1.4bn) from a share sale in the mainland, a deal that analysts expect will lead to plenty more equity offerings from aluminium companies this year.

    31 Jan 2011

  • Bizim bags $220m as management win over big buyers

    Bizim, the Turkish cash-and-carry retailer, shrugged off equity market jitters to price its Tl350m ($218m) Istanbul IPO on Monday with an order book three times oversubscribed at the offer price. The deal highlighted IPO investors’ current preoccupations: sensitivity to valuations and quality of management.

    31 Jan 2011

  • Bonds and loans wait on M&A

    Europe’s biggest companies rely on bonds more heavily than ever for their long-term drawn debt. But the loan market proved during its comeback last year that it remains a key source of funding, not just for backstop lines but for M&A, too. Nina Flitman and Paul Wallace report.

    31 Jan 2011

  • Loans Awards 2010

    Over the next four pages are the nominations (in alphabetical order) for the EuroWeek Syndicated Loans Awards 2010, as voted for by market participants in a poll that was conducted in November and early December last year. The winners will be announced at EuroWeek’s gala dinner on Wednesday February 9, at London’s Guildhall. For more information about the poll, the awards and the industry dinner, please contact Nina Flitman on +44 (0)20 7779 7320.

    31 Jan 2011

  • Trans Media back in loans after scrapping bond plan

    Indonesian TV operator Trans Media plans to refinance an 18 month bridge loan with a targeted facility that could raise more than $400m. The company had considered turning to the bond market instead — but dropped that plan after getting a better offer from loans bankers.

    31 Jan 2011

  • Borrowers hold whip hand as high grade staggers

    Europe’s investment grade loan market has come a long way since the tough times of 2009. But has it bounced back too far? Nina Flitman looks at the changing relationship between banks, borrowers and the new regulatory landscape.

    31 Jan 2011

  • The Annual RBC Capital Markets US Dollar SSA Roundtable

    Although total dollar issuance by SSA borrowers in 2010 was down on the previous year’s total, last year continued to provide several encouraging pointers for the market’s future growth and development.

    31 Jan 2011

  • Zhong An postpones synthetic renminbi issue

    Zhong An Real Estate postponed its synthetic renminbi deal on Monday, driven by fears over recent supply and recent government measures to cool China’s property market. The company will talk to key investors after Chinese New Year and then decide whether it wants to make a second attempt at a deal.

    31 Jan 2011

  • Banks still pitching after Prada IPO announcement

    ECM bankers are still bidding for bookrunner slots on Prada’s Hong Kong IPO, after the Italian fashion company announced it had picked banks to manage the institutional tranche last week.

    30 Jan 2011

  • Canara Bank benefits from Taiwanese demand

    Canara Bank, an Indian state-owned bank, got strong demand from Taiwanese lenders for a $175m loan — and now wants to increase its deal to $225m.

    30 Jan 2011

  • Garuda books predicted weak international bid

    Garuda Airlines’s Rph4.75tr ($526m) IPO got a weak response from international investors last week, but only after the bookrunners had warned the company that foreign buyers would think the deal was too expensive.

    30 Jan 2011

  • India’s PFC mandates for yen loan

    Indian state-owned lender Power Finance Corp has picked three banks to manage a yen-denominated loan worth the equivalent of $260m. The company wants to launch the deal into syndication early this week.

    30 Jan 2011

  • Opinion: Japan’s downgrade is a warning to the West

    Standard & Poor's lowering of Japan's sovereign rating to AA- on January 27 reverberates globally and offers a warning to the US in particular.

    29 Jan 2011

  • Trio Aims CMBS Deal At ASF Confab

    Deutsche Bank, UBS and Ladder Capital are planning to make a splash with their roughly $2.4 billion new commercial mortgage-backed securitization at the upcoming ASF 2011 conference in Orlando, Fla.

    28 Jan 2011

  • Cleveland Bank Returns To CMBS

    Cleveland-based KeyBank is returning to the commercial mortgage-backed securities market for the first time since 2008.

    28 Jan 2011

  • NCUA Resecuritized Nearly Two-Thirds Of RMBS

    The National Credit Union Administration has resecuritized nearly two-thirds of the distressed assets from 27 failed credit unions.

    28 Jan 2011

  • BoA Merrill Top Asset-Based Lender

    Bank of America Merrill Lynch ranked first among U.S. asset-based lenders in 2010, according to Thomson Reuters.

    28 Jan 2011

  • JPM Alone Escaped Failure Risk

    JPMorgan Chase appears to be the only one of the 13 largest financial institutions in the U.S. that was not at risk of failure during the financial crisis, according to a report by the Financial Crisis Inquiry Commission.

    28 Jan 2011

  • BNY Mellon Sued By S.C. Over MBS

    The state of South Carolina has filed suit against Bank of New York Mellon for losses from investments as a result of the bank not sticking to conservative guidelines according to their contract.

    28 Jan 2011

  • One Year Ago In Derivatives Week

    U.S. Senate Banking Committee members Jack Reed (D-R.I.) and Judd Gregg (R-N.H.) came out in support of a limited enduser exemption to clearing under coming U.S. over-the-counter derivatives regulations.

    28 Jan 2011

  • Derivatives Losses Spike Japanese Bankruptcies

    A growing number of small and midsized Japanese firms have filed for bankruptcy as a result of losses from derivatives bought to hedge currency exposure.

    28 Jan 2011

All International Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 92.59 388 8.96%
2 Citi 85.30 278 8.25%
3 BofA Securities 63.15 265 6.11%
4 Barclays 58.01 223 5.61%
5 Deutsche Bank 55.74 184 5.39%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 60.87 123 14.06%
2 Credit Agricole CIB 28.59 93 6.60%
3 Santander 25.41 90 5.87%
4 JPMorgan 23.88 61 5.52%
5 UniCredit 21.51 103 4.97%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 2.07 11 10.42%
2 BofA Securities 1.40 6 7.01%
3 Citi 1.37 7 6.87%
4 Morgan Stanley 1.36 6 6.85%
5 JPMorgan 1.31 7 6.59%