• Sea change at CFPB casts shadow over 'underbanked'

    A change in the direction of the Consumer Financial Protection Bureau (CFPB) announced this month was singled out by participants on a Wednesday panel hosted by LendIt as a worrying development for consumers not served by traditional financial services.

    31 Jan 2018

  • United EETC securitization scheduled for take-off

    United Airlines has added another deal to the aircraft ABS pipeline, bringing an Enhanced Equipment Trust Certificate (EETC) offering that will finance the acquisition of 16 aircraft.

    31 Jan 2018

  • Swissie rate rise allows ANZ to pick medium tenor

    ANZ New Zealand issued debt in the middle part of the maturity curve this week, as rising rates in the Swiss franc market made deals with this sort of tenor more attractive to issuers.

    31 Jan 2018

  • Capita to raise £700m to cut debt as profits, cashflow tumble

    Capita, the UK outsourcing services firm which runs London's congestion charge system, has laid out an ambitious turnaround plan including a £700m rights issue, but the stock plummeted as its profits projections fell short of expectations.

    31 Jan 2018

  • Akbank launches first refi of 2018 at tighter pricing, despite Turkish war

    Akbank is taking the lead as usual in the spring round of Turkish bank refinancings. It has launched a loan to refinance the $1.2bn loan it took out in March last year. Pricing is set to compress further as lenders remain positive about Turkey, despite its recent invasion of Syria.

    31 Jan 2018

  • Gold miner Endeavour drills CB market for $300m

    Endeavour Mining, the Toronto-listed, UK-headquartered gold exploration company active in west Africa, has raised $300m to refinance debt with a debut five year convertible bond issue that was well subscribed, according to several sources close to the deal.

    31 Jan 2018

  • Nationwide considers RMBS over covered bonds

    Nationwide Building Society has announced a US and UK roadshow for its Silverstone 2018-1 RMBS with a view to issuing dollar and sterling floating rate tranches. It may also issue a longer dated fixed-rate tranche, a format that has historically been used by covered bond issuers including Nationwide.

    31 Jan 2018

  • CDP keeps lights on in euros

    The euro market is taking a breather as a frenetic January draws to a close. But one borrower hit screens and launched a deal on Wednesday, while the European Financial Stability Facility (EFSF) sent out a request for proposals for next week.

    31 Jan 2018

  • El Corte Inglés wins better terms on €3.6bn loans, bond to come

    El Corte Inglés, Europe’s largest department store group, has agreed a debt refinancing of up to €3.65bn and negotiated better terms, even as bankers fret about how loose lending conditions are becoming.

    31 Jan 2018

  • Richemont carries off backstop as it takes over Net-A-Porter

    Luxury goods group Compagnie Financière Richemont has entered into a backstop loan agreement as part of its all-cash bid for the rest of internet retailer Yoox Net-A-Porter (YNAP) that it does not already own.

    31 Jan 2018

  • IFC invests using new local currency facility

    The International Finance Corp (IFC) this week announced an investment in CFAFr5bn ($9m) of 12 year bonds issued by the West African Economic and Monetary Union’s Caisse Régionale de Refinancement Hypothécaire (CRRH), a regional mortgage refinancing company. The transaction took advantage of a new local currency facility, which became operational in December 2017, that allows the IFC to hedge foreign exchange risks in CFA francs. A 15 year bond is expected from CRRH later this year.

    31 Jan 2018

  • US PP investors trumpet flexibility to beat year of the megadeal

    US private placement specialists are hoping the market will this year beat 2017’s record of 14 deals larger than $750m. They are playing up the ‘bells and whistles’ of the market – delayed draws, multiple currencies and varied tenors – to entice borrowers away from other funding sources.

    31 Jan 2018

  • Iberdrola cuts funding cost with €5.3bn green loan

    Iberdrola, the Spanish electricity company, has amended and extended €5.3bn-equivalent of green loans, in what it claims is the largest sustainable finance transaction ever. It has locked in its best bank facility terms for more than a decade.

    31 Jan 2018

  • Volatility climbs up to 15% as S&P 500 loses its footing

    Volatility on the S&P 500 has surged to its highest point since last August as the US blue-chip index briefly halted its climb upwards this week.

    31 Jan 2018

  • Senior credit investor joins SVP

    Dagmar Kent Kershaw, a veteran leveraged finance investor, has joined the advisory council at Strategic Value Partners

    31 Jan 2018

  • Core, not periphery, may be hit by CBPP3 withdrawal

    Covered bonds issued this week undermine the assumption that peripheral markets are likely to be more vulnerable to a spread widening when the European Central Bank cuts net purchases to zero under the covered bond purchase programme (CBPP3).

    31 Jan 2018

  • Helaba and Sparkasse Pforzheim Calw line up with Pfandbriefe

    Landesbank Hessen-Thueringen Girozentrale (Helaba) and Sparkasse Pforzheim Calw have mandated leads for Pfandbrief transactions to be launched on Thursday.

    31 Jan 2018

  • Burford turns to dollars for 2018’s first ORB bond

    The London Stock Exchange’s Order book for Retail Bonds (ORB) opened the year with a $180m issue from Burford Capital, the litigation finance firm.

    31 Jan 2018

  • Credit Suisse cuts MD in bond origination

    Credit Suisse has let go of a managing director in debt capital markets.

    31 Jan 2018

  • Nordea aims at ‘sweet spot’ for tight floater

    Nordea Bank issued a four year floating rate deal on Wednesday, in the first unsecured trade from a Swedish bank since the country’s regulator laid out institutions’ needs for the minimum requirement for own funds and eligible liabilities (MREL).

    31 Jan 2018

  • ING expects Basel IV RWA inflation, could issue more TLAC

    ING said on Wednesday that the 'Basel IV' reforms could push up its risk-weighted asset base by 15%-18%. This might lead the bank to increase and front-load its TLAC issuance.

    31 Jan 2018

  • Sterling investors give warm Wellcome to 100 year

    The two previous 100 year corporate bonds sold in the sterling market had received excellent responses and on Wednesday London-based charity the Wellcome Trust joined the century club, proving that investors' demand for ultra long bonds is far from satisfied.

    31 Jan 2018

  • Poland’s second green bond wins hefty book

    The Republic of Poland has set final terms for its €1bn 8.5 year green bond, with books over €3.4bn at the last market update. A banker away from the deal called the final level tight.

    31 Jan 2018

  • Investors drive SIAS new issue to record deal at new low

    Italian toll road operator Società Iniziative Autostradali e Servizi (SIAS) followed a four day investor roadshow with its third 10 year bond this week. A €1.9bn order book allowed the company to print its largest ever deal at a much tighter spread than its previous two offerings.

    31 Jan 2018

  • HLEG report offers blueprint of sustainable finance system

    Europe has a good chance of being able to make a real start on greening its financial system, according to members of the High Level Expert Group on Sustainable Finance, which delivered its report to the European Commission on Wednesday.

    31 Jan 2018

  • Central bank action ‘to flatten curve’, say investors

    Fixed income investors expect central bank tightening to lead to a flattening of the yield curve, according to a survey released in the same week as Janet Yellen’s final Federal Open Market Committee meeting as US Federal Reserve chair.

    31 Jan 2018

  • EM investors await US Treasury Russia debt recommendation

    The long anticipated US Treasury Department report on oligarchs and parastatal entities of the Russian Federation was published on Monday night, but no indication of the Treasury’s recommendation on sanctioning Russian government debt was given.

    31 Jan 2018

  • Italy needs more attention while HY market gets plenty

    In just over a month, Italy will hold its latest general election. With the polls suggesting a healthy lead for a centre right coalition the effect on investment grade corporate spreads has been negligible so far. However, research house CreditSights believes investors should be looking more closely.

    31 Jan 2018

  • CB reliance on ECB bodes ill for spreads, say investors

    Covered bond investors believe spreads may widen, as sovereign bond yield rises shave off the relative value offered by the asset class and the European Central Bank prepares to end its purchase programmes. But the additional tier one (AT1) market is still thought to offer investors in bank debt unmatched opportunity.

    31 Jan 2018

  • Dubai Islamic reopens GCC financials with small NIP

    Dubai Islamic Bank took advantage of a quiet market to raise $1bn with a skinny new issue premium on Tuesday, opening the sukuk market for financial issuers from the Gulf.

    31 Jan 2018

  • Aviva Investors adds EM sovereign analyst

    Aviva Investors has brought in experienced analyst Carmen Altenkirch as a sovereign analyst on its emerging market debt team.

    31 Jan 2018

  • China Evergrande revamps debut CB to net HK$18bn

    China Evergrande Group made its debut in the equity-linked market on Tuesday, raising a hefty HK$18bn ($2.3bn) from a convertible bond — but not before slicing a third off the original deal size and rejigging its structure.

    31 Jan 2018

  • Best start to the year in ‘three decades’ boosts equities

    Equity investors have entered the New Year hungry for assets. Demand on deals has well exceeded initial volumes, leading to issuers increasing sale sizes.

    31 Jan 2018

  • Lao Feng Xiang out for maiden $200m loan

    Lao Feng Xiang Jewellery Hong Kong is dipping its toes into the offshore syndicated loan market for a $200m financing. This is the second firm in the Chinese jewellery sector to tap overseas investors this year.

    31 Jan 2018

  • Indiabulls sells first social Masala bond

    Indiabulls Housing Finance brought the first social offshore rupee bond to the market on Tuesday, raising Rp3.15bn ($49.48m) through a private placement.

    31 Jan 2018

  • BOCI, Jefferies collaborate on IB, capital markets

    BOC International and Jefferies have announced an agreement to jointly provide investment banking advisory and capital markets services to clients, according to a Tuesday press release.

    31 Jan 2018

  • Far East Horizon makes quick return for $800m borrowing

    Far East Horizon is making a rapid comeback with an $800m fundraising just two months after allocating an identical loan, confident that banks will gobble it up.

    31 Jan 2018

  • Rabobank adds to dim sum bond action

    Rabobank has priced a Rmb500m ($79m) offshore renminbi bond, taking advantage of a favourable CNH cross-currency swap rate. But despite the gradual pick-up in dim sum activity, the market is divided over whether the asset class will maintain its momentum.

    31 Jan 2018

  • Hong Kong, New Zealand bourses ink co-operation pact

    Hong Kong Exchanges and Clearing (HKEX) has signed a memorandum of understanding with New Zealand’s primary national stock exchange operator NZX to foster collaboration on a variety of issues.

    31 Jan 2018

  • Fitch’s China exit heralds ‘way forward’ for foreign rating agencies

    Fitch Ratings has exited its joint venture in China. But far from being a step back, the move could allow the firm to set up a fully owned business. Although Fitch operated in the market for a decade, it was previously forced to play second fiddle to its local partner, said a source.

    31 Jan 2018

  • Gol ratchets in pricing to tap tight to secondary

    Brazilian low-cost airline Gol increased the size of a tap of its newest bonds on Wednesday as part of a strategy to actively manage its debt maturity profile.

    31 Jan 2018

  • More data required for small biz ABS to thrive

    Marketplace lending participants at the Loan Tape Conference in New York said standardized data will be the gateway to opening up opportunities for securitization in the small business lending sector.

    30 Jan 2018

  • US CLOs set to surpass pricing milestone

    A pair of CLOs that were priced in the last week have hit 101bp over Libor for the senior class, a post-crisis record for a market that observers say still has room to run.

    30 Jan 2018

  • FCA sounds warning bell over IO loans

    The Financial Conduct Authority has warned that a considerable portion of UK interest only (IO) mortgage holders are likely to face a repayment shortfall and risk losing their homes. The warning comes weeks after S&P outlined similar concerns.

    30 Jan 2018

  • MiFID II's unfair beginning

    Countries that have not implemented MiFID II into their national frameworks have tilted the playing field, and it ought to be fixed. But ESMA is damned whatever it does.

    30 Jan 2018

  • The City must take control of its future, if government has no idea

    The inaction and silence from the UK government on Brexit means that the City should be focused on finding a mutually beneficial way to do business with the EU, rather than waiting for the government to take the lead.

    30 Jan 2018

  • Investors bring first JOST-Werke block

    Avedon Capital Partners, Bain Capital, Black Diamond and Cinven have launched the first post-IPO selldown of shares in JOST Werke, the German maker of axles and chassis for lorries and trailers which listed on the Frankfurt Stock Exchange in July 2017.

    30 Jan 2018

  • Magic at the house of Morgan

    As Jamie Dimon signs on for another five years at the top of JP Morgan, what’s the secret sauce at the world’s top investment bank?

    30 Jan 2018

  • Entertainment One bags £53m to complete Hollywood acquisition

    Entertainment One, the Canadian record label and entertainment company, has raised £53m, in an accelerated bookbuild, to partly finance its acquisition of the remaining shares in The Mark Gordon Company, the Hollywood production company behind films such as Saving Private Ryan, in which it already owns a 51% stake.

    30 Jan 2018

  • Steinhoff shares fall as company postpones earnings

    Shares in Steinhoff have fallen by over 12% in trading on Tuesday as the firm informed the Dutch regulator that it would not be publishing its 2017 financial results by January 31.

    30 Jan 2018

  • SSAs clean up in euros as market slows for data dump

    While Tuesday brought a flurry of euro benchmarks, the pace of issuance will slacken on Wednesday as the market battens down for a busy week of US data announcements.

    30 Jan 2018

  • Elevate hires Paypal, loanDepot alum as chief credit officer

    Online subprime lender Elevate Credit has tapped former PayPal and loanDepot executive Brian Biglin as chief credit officer.

    30 Jan 2018

  • Sanofi swoops on Ablynx as M&A spree up

    French pharmaceutical company Sanofi has announced its second multi-billion euro takeover this month, offering to buy Belgian biotech company Ablynx for €3.9bn in cash.

    30 Jan 2018

  • Informa lines up debt for UBM purchase

    Informa, the UK media group, has made a formal £3.9bn takeover offer for events company UBM, and has agreed a bank loan to fund the roughly £653m cash part of the purchase.

    30 Jan 2018

  • Poland back for green funding

    The Republic of Poland, which issued the world’s first sovereign green bond, has returned for another bite of the apple, naming leads for a new issue.

    30 Jan 2018

  • Deutsche Hypo follows Pfandbrief tapping trend

    Deutsche Hypo returned to the covered bond market on Tuesday, following the wake of a series of German borrowers last week, to issue a four year tap. Although the pipeline is empty, 'the floor is wide open’ for an opportunistic issuer to follow on Wednesday.

    30 Jan 2018

  • AT1s trade down as market takes stock

    Additional tier one (AT1) bonds were trading wider on Tuesday morning as investors cashed in profits amid yield rises in rates markets.

    30 Jan 2018

  • Deloitte report expected as Popular bondholders back ‘foul play’ probe

    A group of bondholders that lost money after Banco Popular failed last year have applied to join a criminal investigation into the bank’s collapse. The move comes ahead of the Single Resolution Board’s (SRB) expected publication of the valuation report that accompanied its resolution decision.

    30 Jan 2018

  • And then there was one: Credit Bank of Moscow mandates

    Credit Bank of Moscow, the only survivor of four banks identified in a leaked report from an Alfa-Capital analyst in August as at risk of a central bank bailout, has mandated lead managers for a senior trade.

    30 Jan 2018

  • Rabo issues tightest non-German covered

    Rabobank returned to the covered bond market on Tuesday to issue the tightest €1bn-plus sized triple-A rated 10 year since the crisis.

    30 Jan 2018

  • 3i brings fifth dividend recap of Action with €2.3bn loan

    Private equity firm 3i is taking advantage of bullish conditions in the leveraged loan market to launch its fifth dividend recapitalisation of Action, the Dutch non-food discount retailer it bought in 2011.

    30 Jan 2018

  • Wellcome Trust readies itself to join 100 club

    London-based charity the Wellcome Trust, which funds biomedical research, announced on Tuesday that it plans to become just the third issuer to sell a 100 year sterling bond. The Aaa/AAA rated charity met with investors on Tuesday morning and plans to issue the bonds as early as Wednesday.

    30 Jan 2018

  • Investors show strong support for Alliander hybrid refinancing

    Following an investor call on Monday, Dutch energy distributor Alliander received overwhelming support on Tuesday for a new €500m hybrid bond issued alongside a tender offer for its existing €500m 3.25% hybrid. The final order book was more than €3.5bn.

    30 Jan 2018

  • Dimon promotes lieutenants, plans five more years

    Jamie Dimon, chief executive and chairman of JP Morgan, will be running the firm for at least the next five years, ending speculation that he will retire or run for office.

    30 Jan 2018

  • US PP market agents bemoan fee-fall as issuers divvy up deal mandates

    US private placement issuers are regularly selecting more than one agent to arrange a transaction, forcing fees down and arranging standards to slip, according to two agents.

    30 Jan 2018

  • Ex-DB origination banker finds role at ICBC Standard

    ICBC Standard Bank has scooped up a new origination banker to join its emerging markets DCM team, focusing on central and eastern Europe, Turkey, Russia and the Middle East.

    30 Jan 2018

  • DIB launches $1bn five year sukuk

    Dubai Islamic Bank on Tuesday launched the first public dollar bond this year from the Middle East, though the region's banks have been busy funding in other markets.

    30 Jan 2018

  • CFTC whacks $47m fine on UBS, HSBC, Deutsche

    The US Commodity Futures Trading Commission (CTFC) brought in a $46.6m haul on Monday after filing and settling spoofing charges against UBS, HSBC and Deutsche Bank.

    30 Jan 2018

  • China Evergrande launches $3b convertible perp

    Property developer China Evergrande Group opened books for a HK$23bn ($2.9bn) perpetual convertible bond on Tuesday evening, a deal that was much sought after by banks.

    30 Jan 2018

  • Yes Bank debuts in international debt market

    India’s Yes Bank raised $600m in its first offshore bond sale on Monday, as it makes international strides through its new banking unit.

    30 Jan 2018

  • Indonesia high yield party: rampant — and unnerving

    Asia’s capital markets have started the year with a bang, but a market this good can’t last forever. The steady supply of new deals coming out at increasingly tight levels is a sign of clear frothiness in the market. Just take a look at the investor enthusiasm for low-rated Indonesian deals for an example of how bullish investors have become when they should be thinking twice.

    30 Jan 2018

  • Equity-linked on fire as Future Land, Powerlong seal CBs

    Future Land Development Holdings and Powerlong Real Estate Holdings sold their respective equity-linked notes with almost similar results on Monday. Both deals were fully increased and priced near the investor-friendly end of terms.

    30 Jan 2018

  • Poly Real Estate secures $500m despite order drop

    Poly Real Estate Group Co, the investment-grade property arm of government-owned China Poly Group Corp, ended an near four year bond hiatus with a tightly priced transaction on Monday. But a volatile market and an aggressive narrowing in pricing caused a drastic drop in orders.

    30 Jan 2018

  • Tyre maker Shandong Linglong hits the road for $200m debut

    Chinese company Shandong Linglong Tire Co has chosen dollars and euros for its maiden overseas fundraising.

    30 Jan 2018

  • Yango derailed as bookbuilding falls through

    Recent heavy supply in the Asian dollar bond market has found its first victim in Yango Group Co, which called off a planned $250m deal on Monday. While the Chinese developer’s high leverage raised some concerns, volatility in US Treasuries also played its part in the underwhelming demand.

    30 Jan 2018

  • Don’t ignore the GIFT that keeps on giving

    A recent syndication for Omani borrower Bank Sohar made market observers take notice, thanks to the presence of Axis Bank at the top group, reflecting Indian banks’ rising eagerness to provide liquidity for foreign currency deals. Yet the country rarely features in the roadshow schedule for fundraisings — an oversight that banks should rapidly correct.

    30 Jan 2018

  • Robinsons Land, Rizal Commercial Bank eye rights issues

    Philippine property developer Robinsons Land Corp is looking to raise Ps20bn ($389.2m) through a rights issue.

    30 Jan 2018

  • Ping An plans $1bn HK spin-off of healthcare tech unit

    Chinese conglomerate Ping An Group is planning to spin off its healthcare technology subsidiary through a potential $1bn IPO this year on the Hong Kong Stock Exchange, according to a source close to the deal.

    30 Jan 2018

  • Gol seeks Asian buyers for tap after tightening

    Brazilian low-cost airline Gol left books open overnight for its latest dollar deal as investors said they understood the company was expecting some Asian demand.

    30 Jan 2018

  • Chile offers concession but matches lowest dollar spread

    South America’s best-rated sovereign sold its second cross-border bond in three business days on Monday, matching the lowest spread it has ever paid in the dollar market — despite offering more new issue premium than recent lower rated Lat Am deals.

    30 Jan 2018

  • SP Setia's $256m capital increase in the bag

    Malaysia’s SP Setia priced a MR997.8m ($256.2m) capital increase on Monday at the low end of guidance, in the largest overnight placement from a real estate issuer in the country.

    30 Jan 2018

  • Luxembourg ready for increased RMB flows, says fund body

    Renminbi bullishness has served Luxembourg well. The tiny country has enjoyed substantial China-related fund flows in 2017, largely thanks to a wider offering of investments, Marc Andre Bechet, director of legal and tax at the Association of the Luxembourg Fund Industry (Alfi), told GlobalRMB.

    30 Jan 2018

  • Updated: Sharjah lines up first Panda from Middle East

    The government of the Emirate of Sharjah is set to become the first issuer from the Middle East to enter the Panda market, after unveiling plans to raise Rmb2bn ($315.9m) from the onshore market.

    30 Jan 2018

  • Nomura creates new China IB role for veteran banker Wang

    Nomura has hired Charles Wang as chairman of China investment banking to strengthen its client coverage there, according to a memo seen by GlobalCapital Asia.

    30 Jan 2018

  • PACEfunding to issue debut residential PACE deal

    PACEfunding, a California-based residential Property Assessed Clean Energy (PACE) finance firm, is looking to drum up interest at next month’s SFIG conference at Las Vegas for its debut securitization.

    29 Jan 2018

  • Latest CMBS conduit keeps 2018 rally going

    The latest conduit CMBS offering was priced on Friday, with lead banks selling the top rated, 10 year bonds at the same post-crisis tight level achieved by the offering that kicked off 2018 a week earlier.

    29 Jan 2018

  • Central banks’ new green network broadens focus to environment

    The first meeting of the Central Banks’ and Supervisors’ Network for Greening the Financial System has broadened the emphasis of the group’s work from a focus on climate change to one on climate and the environment.

    29 Jan 2018

  • IADB takes advantage of peso pick-up

    A wave of Mexican corporates swapping the proceeds of dollar issuance back into their home currency has tilted the peso-dollar basis swap, benefiting those that can issue in pesos and swap back into dollars.

    29 Jan 2018

  • Al Rayan looks beyond the Shire with sukuk RMBS

    Al Rayan Bank has started marketing Tolkien Funding Sukuk No. 1, the first UK RMBS issue to be structured on Islamic finance principles. Islamic banks can’t access central bank facilities which means the wholesale markets are fuelling the firm’s ambitious expansion plans, writes Owen Sanderson.

    29 Jan 2018

  • EU needs official Green Bond Standard, HLEG to advise

    The European Commission is being advised to set up a comprehensive Sustainability Taxonomy by 2020 to guide investment decisions towards a greener economy, and to develop an official EU Green Bond Standard. These are key recommendations of its High Level Expert Group on Sustainable Finance, according to a leaked draft copy of its report seen by GlobalCapital.

    29 Jan 2018

  • Demand swells for VW Spanish auto deal

    Volkswagen Finance is riding the wave of demand for Spanish assets that followed the country’s recent upgrade and bond sale, tightening pricing and increasing the deal size for its Driver España auto ABS.

    29 Jan 2018

  • Alstria €193m block well received despite Bund yield rise

    Alstria, the German REIT, sold 15.3m new shares through an accelerated bookbuild, after the close of trading on Monday night, to finance the acquisition of two new properties in Hamburg and Stuttgart and the settlement of a convertible bond.

    29 Jan 2018

  • Sci Games plays in ‘well behaved’ HY mart

    US lottery and gaming group Scientific Games International sold its first euro bonds this week, in a European high yield market that bankers and investors described as ready and steady for opposite reasons.

    29 Jan 2018

  • Two borrowers hit screens to extend sterling’s run

    The European Investment Bank (EIB) and Municipality Finance announced sterling transactions for Tuesday, making this January a remarkably busy one for the currency.

    29 Jan 2018

  • Rare SSA borrowers line up for euros

    A trio of Europe’s less frequent public sector borrowers are set to hit screens for euro transactions on Tuesday, following a long end benchmark from a French agency on January 26.

    29 Jan 2018

  • KBN picks banks for dollar floater ahead of Fed

    Kommunalbanken has announced a dollar floater trade to launch on Tuesday, just ahead of the Federal Open Markets Committee’s rate decision on Wednesday.

    29 Jan 2018

  • Former Intesa CEO prices largest SPAC in Italian history

    SPAXS, the special purpose acquisition company (SPAC) of Corrado Passera, the former chief executive of Intesa Sanpaolo and a former Italian minister, attracted a rapturous reception from investors on Friday, allowing it to increase the fundraising to €600m at pricing.

    29 Jan 2018

  • LBP covered in demand despite OAT spread

    La Banque Postale (LBP) managed to find good demand for a 10 year covered bond on Monday even though the spread to OATs has tightened and could become problematic.

    29 Jan 2018

  • Lords urge UK government to 'resist' CCP relocation

    A report published by the UK House of Lords on Saturday encouraged the government to “resist” new European Commission measures to relocate systemically important clearing houses in London to EU member states.

    29 Jan 2018

  • Alliander set for record low hybrid refi under new S&P rules

    Dutch energy distributor Alliander announced plans for a new euro hybrid on Monday, alongside a tender offer for the company’s outstanding hybrid. The issuer’s ratings could allow it to set a new low for the product's pricing.

    29 Jan 2018

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%