• Senior CLO debt slashed by 37bp in successful first AMR auction

    The first ever refinancing of a CLO via an applicable margin reset (AMR) auction was a success this week, with BNP Paribas among the winning bidders, trading 73% of the total CLO, according to sources familiar with the matter.

    31 Jan 2020

  • EIB: standard-bearer of sustainable finance

    For well over a decade, the cornerstone of the European Investment Bank’s sustainability funding policy has been the conviction that the financial services industry has a pivotal role to play in spearheading the battle against climate change. As the EU’s climate bank, it has also consistently recognised its responsibility for developing best practice, which in turn helps promote enhanced environmental and social standards across the global financial community.

    31 Jan 2020

  • Drop Moody’s and leverage up: new Cerberus RMBS boosts triple-A portion

    Cerberus has juiced up its latest UK buy-to-let RMBS deal by dropping Moody’s from the deal, which has a more dismal view of the market than its rival rating agencies. Among other structural changes, this has allowed the private equity firm to enlarge its triple-A tranche by more than 10 percentage points, giving a far more efficient capital structure.

    31 Jan 2020

  • Covered bonds to stay immune from viral scares

    January's total primary covered bond volume was the second highest since 2014, albeit 25% down on last year in euros. February is typically a much slower month, but supply could keep pace if issuers look to the asset class for execution certainty amid mounting concern around the potential impact of a new coronavirus in China.

    31 Jan 2020

  • Investec Group begins asset management spin-off

    Anglo-South African bank Investec Group has launched the spin-off of its asset management division, Ninety One ,on the London Stock Exchange.

    31 Jan 2020

  • Adani raises first US PP from India for a decade

    Adani Transmission has priced a $310m US private placement, becoming the first Indian company to raise money in that market since 2007. Although some investors still feel scarred by an Indian incident a decade ago, many see this as the dawn of an Indian PP revival.

    31 Jan 2020

  • European Parliament rejects proposed banking regulator

    Members of the European Parliament voted against the European Banking Authority’s proposed executive director on Thursday, following fears about a revolving door between the regulator and lobbyists.

    31 Jan 2020

  • Gabon's $1bn bond for tender offer three times subscribed

    The Gabonese Republic pulled in more than $3bn of demand on Thursday for a $1bn 10 year bond that some observers saw as having been priced flat to its curve.

    31 Jan 2020

  • DMO mandates banks for 2071 tap

    The UK Debt Management Office has selected the syndicate that will run the books for its upcoming tap — its final syndication of the 2019/2020 financial year.

    31 Jan 2020

  • F1's Stroll steps in to recap and restructure Aston Martin

    Shares in Aston Martin Lagonda, the UK maker of luxury cars, surged by more than 20% on Friday morning after the company unveiled a £500m rescue deal led by Lawrence Stroll, the Canadian billionaire Formula One investor. Sources close to the deal discuss his plan to transform the company, which has struggled since it listed in 2018.

    31 Jan 2020

  • UBS bucks coronavirus fears with 'specific' block trades

    Swiss bank UBS priced two block trades in companies on Thursday night, despite wider market concern over the spread of a deadly strain of coronavirus.

    31 Jan 2020

  • Volkswagen Bank arrives late to the ECB's Pillar 2 party

    Volkswagen Bank has belatedly joined the list of banks whose Pillar 2 requirements were posted on the European Central Bank's website this week. It had initially not consented to its targets being published.

    31 Jan 2020

  • Credit Suisse Sofr surfs to record

    Credit Suisse secured the lowest spread for a Yankee bank referencing the secured overnight financing rates (Sofr) on Thursday, breaking the previous record set just over a week ago.

    31 Jan 2020

  • Hong Kong bourse rejects Akeso IPO filing

    Hong Kong’s stock exchange has returned Chinese biotechnology firm Akeso’s listing application, a deal being sponsored by JP Morgan and Morgan Stanley.

    31 Jan 2020

  • Virus fears keep Asian bonds at bay

    Asian debt bankers had expected a peaceful week amid the Chinese New Year holidays, but rising concerns about the spread of the coronavirus this week led to a rush of emergency calls. Several borrowers have decided to skip or delay planned roadshow meetings in Hong Kong.

    31 Jan 2020

  • Alpha, Eletrobras priced as Lat Am shrugs off coronavirus concerns

    Latin American bond markets reached record levels of January issuance this week as primary activity ticked over despite the scare about the coronavirus, which the World Health Organisation declared a global emergency on Thursday.

    30 Jan 2020

  • Toll road sets meetings but Lat Am pipe thins

    The concessionaire on a 50km toll road in Kingston, Jamaica will begin meeting fixed income investors on Friday ahead of an international bond deal, as bankers say rarer issuers are likely to dominate supply for the foreseeable future.

    30 Jan 2020

  • Fixed income traders fail to prevent Deutsche IB losing money

    A hefty increase in revenues from rates and credit trading helped Deutsche Bank’s investment bank in the fourth quarter, but the division still made a loss.

    30 Jan 2020

  • March deadline looms large for Arg as BA offers sweetener

    Buenos Aires Province has offered more incentives to bondholders to encourage them to accept a three-month delay of a small debt payment. The move makes the Argentine sovereign’s aim to restructure all its external debt by March 31 as ambitious.

    30 Jan 2020

  • Sustainable loans give banks strange urges

    New dynamics are appearing in the sustainability-linked loan market, as the product balloons and banks prepare for more intense scrutiny of their green lending activities. The trends highlight how unformed and confusing this young market still is, writes Jon Hay.

    30 Jan 2020

  • First aircraft ABS of 2020 points to weaker lessees becoming the norm

    Carlyle Aviation Partners on Thursday announced a $409m securitization, the first aircraft ABS deal of the year. The high concentration of weaker credit lessees in the offering is an example of one of the many growing pains being felt by the quickly expanding aircraft securitization market, sources said.

    30 Jan 2020

  • ECB eyes measure to ease internal bank capital

    The European Central Bank has promised to undertake “shorter term” initiatives to move the eurozone closer to a Banking Union, conceding that member states were finding it challenging to implement the full long-term overhaul.

    30 Jan 2020

  • Coronavirus fears spark put trading as investors mull longer term disruption

    Fear in financial markets at the spread of the coronavirus is making many investors reconsider how to position for the year's first quarter.

    30 Jan 2020

  • Banco Santander €1.25bn 0.5% Feb 27 non-preferred senior

    30 Jan 2020

  • Bankinter €750m 0.625% Oct 27 non-preferred senior green

    30 Jan 2020

  • Pandemic bond to pay World Bank if coronavirus advances

    As financial markets fretted over the spread of a coronavirus outbreak in China this week, one security was in the firing line more directly than any other. Holders of the World Bank’s pandemic bond will lose principal if the disease spreads by a sufficient amount, writes Jasper Cox.

    30 Jan 2020

  • Dollar test awaits for corporate bond issuers

    The dollar corporate bond market will face its first big test of 2020 when blue-chip borrowers emerge from earnings blackouts to take centre stage in February.

    30 Jan 2020

  • Nigeria FX weakening raises hedging question for OMO trade

    A popular frontier market trade in Nigerian open market operations (OMOs), central bank securities, has been faltering on the back of local currency depreciation, which if deepened will force foreign market participants to consider eating into their returns with an FX hedge.

    30 Jan 2020

  • Floating the idea of Sonia-linked Gilts

    During a recent market consultation, Gilt investors called on the UK Debt Management Office to issue floating rate notes linked to Sonia, the Bank of England’s recommended replacement for Libor. There are plenty of reasons why this is a good idea.

    30 Jan 2020

  • World Bank GBP1.5bn Dec 26 0.75%

    30 Jan 2020

  • Austria EUR3.25bn Feb 30 0%

    30 Jan 2020

  • Together boosts refi size on sterling supply rarity

    Together Money has refinanced its 2021 high yield bond with a new issue, taking advantage of strong conditions and a dearth of sterling supply to take more cash off the table and pay down its revolver too.

    30 Jan 2020

  • BPHA launches private placements as HAs still in vogue

    BPHA, a housing association headquartered in Bedford, is looking to sell US private placements, according to several market sources, as private debt remains readily available for UK HAs.

    30 Jan 2020

  • Greece EUR2.5bn Feb 35 1.875%

    30 Jan 2020

  • France EUR5bn May 52 0.75%

    30 Jan 2020

  • Toys or weapons? The choice for sustainable loans

    Some weird genetic mutations have been appearing in the hothouse of sustainable finance, where new green products are cultivated to beautify the grandees of the capital markets.

    30 Jan 2020

  • Bankinter lands ‘phenomenal’ result on green debut

    Investors embraced a rare offering of non-preferred senior notes from Bankinter this week, with the Spanish issuer making its debut in the green bond market.

    30 Jan 2020

  • Storming second lien syndication opens up sub debt options

    The idea that companies can raise subordinated debt only through private or club deals was put into deep freeze this week, when ice-cream maker Froneri fully syndicated two second lien tranches as part of its €5.7bn refinancing. Owen Sanderson reports.

    30 Jan 2020

  • Bank bond market in rude health as funds shrug off coronavirus

    Financial institutions did not take long to return to printing new bond deals at tight spreads this week, as investors quickly got over fears about the impact of the coronavirus epidemic.

    30 Jan 2020

  • Lloyds and NAB sell into soaring Sonia mart

    Lloyds Bank and National Australia Bank issued two very well received Sonia linked sterling covered bonds this week, taking advantage of demand spotted in a deal issued by Royal Bank of Canada last week.

    30 Jan 2020

  • UK's Lancashire lining up for MBA debut

    The first bond from the UK’s five year old Municipal Bonds Agency will be launched in the next week or two and, thanks to some tweaking of the agency's operating practices, more are set to follow, writes Lewis McLellan.

    30 Jan 2020

  • Trade bodies call for seven hour trading day in European equities

    The Association for Financial Markets in Europe (Afme) and the Investment Association (IA) have proposed a one and a half hour reduction to the European equity market trading day, in response to a consultation launched by the London Stock Exchange in December.

    30 Jan 2020

  • CRH and SG hit the stars in covereds

    Caisse de Refinancement de l’Habitat (CRH) managed to attract demand of more than €6bn for a two part eight and 15 year transactions issue on Tuesday, while Société Générale subsequently issued a €1bn 10 year green covered bond flat to its curve with demand of €3bn.

    30 Jan 2020

  • World Bank sparkles with super sterling sale

    World Bank hit a number of landmarks on size, demand and pricing with its first sterling benchmark of the year. It used a maturity that has become the new sweet spot for SSAs in the currency as issuers seek more attractive funding levels versus euros and dollars.

    30 Jan 2020

  • Covered bonds 'on fire' as KHFC enjoys great execution

    Korean Housing Finance Corporation (KHFC) issued its first €1bn-sized covered bond and first negative yielding Asian covered bond on Wednesday. The strong reception was in keeping with two German Pfandbriefe also issued this week by Deutsche Apotheker- und Ärztebank (Dapo) and Sparkasse Pforzheim Calw.

    30 Jan 2020

  • People moves in brief

    Vereker goes to JP Morgan — SG picks new CEEMEA DCM head — Goldman names new cross markets head

    30 Jan 2020

  • Vakifbank USD750m 5.25% Feb 25

    30 Jan 2020

  • EU regulations could slow €STR growth

    Few MTN issuers have so far issued in the Libor-replacing euro short term rate (€STR) format, with deals limited so far to supranationals, agencies and, this week, a sub-sovereign. Some bankers blame the 2017 EU Prospectus Directive for tightening up the rules on adding new indices to programmes, leaving non-exempt issuers on the sidelines.

    30 Jan 2020

  • Greece to aim for a new bond every quarter

    Greece is hoping to become a frequent presence in the capital markets with a syndicated bond issuance every three months, according to the head of the sovereign's Public Debt Management Agency.

    30 Jan 2020

  • Barclays eyes victory in Europe’s global IB race

    Jes Staley’s strategy has been vindicated, with Barclays’s corporate finance bankers having a banner year. But it has to invest in its European franchise to cement its credentials as the region’s leading investment bank, says David Rothnie.

    30 Jan 2020

  • Loparex refi loan to price wide as bifurcation bites

    Dutch release liner manufacturer Loparex is launching a €186m term loan B to refinance the equity bridge, put in place by sponsor Pamplona when the company acquired its competitor Infiana last autumn. While the borrowing conditions are exceptionally benign for many, Loparex has struggled to make a good first impression.

    30 Jan 2020

  • Record-breaking Jan for CEEMEA bonds, secondaries strong

    It has been the busiest start to the year on record for both CEEMEA and emerging market bonds globally, and the enthusiastic printing shows little sign of abating. New issues in the secondary market have mostly performed strongly, and high redemption volumes this year will have investors flush with cash.

    30 Jan 2020

  • RBS sells sustainable risk transfer deal to BAE pension fund

    RBS has sold a risk transfer securitization referencing a book of UK green project finance loans to the BAE Systems pension fund, which was advised by a unit of Macquarie. The deal is the first ESG-rated risk transfer deal in the UK, and also potentially the longest-dated risk transfer deal ever done in the UK, with an average life of eight to nine years.

    30 Jan 2020

  • Britvic sates investor appetite for food and drink

    UK soft drinks company Britvic has entered the US private placement (USPP) market via Rabobank and Santander, on the hunt for sterling debt. As the issuer is a regular and well-loved borrower among institutional investors, the transaction has been described by one banker as “as easy as they come.”

    30 Jan 2020

  • Elenia picks on-trend €500m no-grow after rating upgrade

    Elenia, the Finish electricity distribution company, opened books for a €500m no-grow seven-year bond on Thursday, its first issue since Standard & Poor’s upgraded it to BBB+ in November.

    30 Jan 2020

  • DBV Technologies raises $153m for product R&D

    DBV Technologies, the French biopharmaceuticals company that specialises in treating allergies, has successfully completed a $153m growth capital raise, despite market volatility earlier in the week owing to fears over the spread of corona virus in Asia.

    30 Jan 2020

  • France and Austria shrug off sharp moves

    The coronavirus outbreak has created a rush to safe haven assets. While the demand for SSA paper is hotter than ever, some feared that sharply falling yields would make the primary market less attractive. However, borrowers have proved those worries unfounded by building big order books for new bonds this week.

    30 Jan 2020

  • Tikehau boosts liquid strategies with US high yield hires

    Tikehau Capital has taken over a US high yield fund formerly managed by Semper Capital Management, bringing over the portfolio managers that run it as well. It is part of the firm’s plan to rebalance its business and boost its liquid strategies offering.

    30 Jan 2020

  • SSD players prepare for restructuring talks

    The Loan Market Association is set to restart its Schuldschein working group in February, with a workstream addressing credit restructuring. This is an early sign that the market’s heavyweights are taking this issue — which has damaged the Schuldschein’s reputation in some quarters — seriously.

    30 Jan 2020

  • Coronavirus outbreak shutters ECM after Asia market battering

    European equity capital markets’ buoyant start to the year ground to a halt this week as banks held back from doing deals over concerns about the outbreak of a deadly strain of coronavirus in China and how it may damage investor risk appetite. Losses in Asian markets, which are reopening following the Lunar New Year holiday, have compounded fears that global risk sentiment may be turning.

    30 Jan 2020

  • Gabon returns for first benchmark since 2015

    The Gabonese Republic has released price guidance on its first benchmark Eurobond since 2015.

    30 Jan 2020

  • Vakifbank opens wider after tight print

    Vakifbank printed its $750m 5.25% 2025s on Wednesday from a book that reached higher than $4.3bn at its peak, but the note was seen below re-offer in London’s secondary market on Thursday morning.

    30 Jan 2020

  • Ex-UBS head Vereker joins JP Morgan

    JP Morgan has hired William Vereker, former global co-head of investment banking at UBS and business envoy to former UK prime minister Theresa May, to be vice-chairman for investment banking in Europe, the Middle East and Africa.

    30 Jan 2020

  • BIS calls for boosted buy-side adoption of FX code

    The Bank for International Settlements (BIS) has pushed buy-side firms to engage more fully in adopting the FX Global Code, an ethical framework for the FX market.

    30 Jan 2020

  • RMBS returns as competitive funding source for UK banks

    Nationwide priced a three year UK RMBS this week at 47bp, just 10bp back of a recent three year covered bond from Lloyds. It’s the closest the two products have been in years, and potentially a tight enough spread for UK clearing banks to once again bridge the gap and revive securitization as a major source of funding.

    30 Jan 2020

  • Dapo makes bow with tightest Pfandbrief

    Deutsche Apotheker- und Aerztebank (Dapo) underlined just how strong the primary covered bond market is on Thursday by wrapping up a busy week's supply with what was arguably the tightest German deal of the year so far.

    30 Jan 2020

  • Santander parts with ‘sensible’ premium ahead of busy TLAC schedule

    Banco Santander included a small premium in the pricing for its latest non-preferred senior bond this week, as the bank looked ahead to a busy year for issuance in the asset class.

    30 Jan 2020

  • Saint-Gobain eschews debt for Continental Building buy

    France's Saint-Gobain has met the shareholder and regulatory needs for its around €1.3bn purchase of US plasterboard company Continental Building Products, as the acquisitive construction materials company gets the thumbs up from ratings agencies for swerving the debt markets to fund the deal.

    30 Jan 2020

  • Moody’s creates global ESG position

    Moody’s Investors Services has beefed up its coverage of environmental, social and governance (ESG) factors, naming a veteran analyst as its first global head of ESG.

    30 Jan 2020

  • Pemex wraps tender of 2020s

    Mexican state-owned oil company Pemex will prepay just $62m of two bonds maturing later this year after receiving a tepid response to its tender offer.

    30 Jan 2020

  • Alpha eyes credit-positive trade after SoftBank investment

    Mexican non-bank lender AlphaCredit became the latest company from Latin America to schedule fixed income investor meetings as bankers say smaller, high yield issuers are likely to dominate forthcoming supply.

    30 Jan 2020

  • CLO players eye disruptive potential of upcoming AMR auction

    On Thursday morning, bids for the first repricing of a CLO via an applicable margin reset (AMR) auction will roll in, bringing to life a concept that has the potential to disrupt traditional practices in the sector.

    29 Jan 2020

  • Whole loan sales put solar ABS in the shade

    Solar loan origination volume is on the rise, but that growth has not been visible in the public ABS market as issuers attribute muted volumes to a surge in demand for higher yielding whole loans.

    29 Jan 2020

  • Rare sterling supply as Together preps HY refi

    Together Money is preparing to refinance its 2021 high yield bond with a new £385m senior secured issue, the first sterling deal of the year. The storming performance of the euro and dollar markets have meant that, despite the increased post-election appetite for the UK currency, it simply cannot compete on pricing for many issuers.

    29 Jan 2020

  • BW Energy valued at up to $750m

    BW Offshore, the Norwegian operator of floating oil storage vessels, has fixed a price range for the Nkr1.659bn ($187m) listing of its exploration and production unit BW Energy on the Oslo Børs.

    29 Jan 2020

  • Record demand for Austria's 10 year

    Austria's new benchmark was over 10 times covered on Wednedsay, making the sovereign the latest in a string of its peers to receive a record order book for a syndicated bond this year.

    29 Jan 2020

  • Investors angling for Sonia Gilts

    The buy side is keen to be able to buy Gilts that pay a coupon linked to Sonia, investors have told GlobalCapital. The matter was also raised with the UK Debt Management Office, according to the minutes of its latest consultation meeting.

    29 Jan 2020

  • Isabel Marant debuts in HY bond market with €200m dividend deal

    French fashion house Isabel Marant made its high yield bond debut this week with a €200m dividend recap deal.

    29 Jan 2020

  • Cerberus adds Citi to Towd Point JLM list, boosts size of senior tranche

    Cerberus has added Citi to its standard syndicate of Bank of America and Morgan Stanley for its latest Towd Point RMBS, which refinances part of the buy-to-let mortgage portfolio it acquired when it bought Capital Home Loans. The new deal is a far more efficient capital structure than the deal it replaces, thanks in part to changes in the rating agency line-up.

    29 Jan 2020

  • SG crowns new head of CEEMEA DCM as Camilli moves on

    Société Générale has appointed a new head of debt capital markets for central and eastern Europe, the Middle East and Africa, to replace Cécile Camilli.

    29 Jan 2020

  • Acea prods euro curve out by a year as bond flies

    Acea, the Italian multi-utility, issued a long nine year euro bond on Wednesday, stretching out its curve by around a year.

    29 Jan 2020

  • Stolt-Nielsen and Eidsiva line up Nokkie bonds

    The Norwegian krone bond market is about to get a spurt of corporate deals. Liquid chemical storage company Stolt-Nielsen and energy group Eidsiva Energi have mandated banks to lead bond issues in their domestic currency.

    29 Jan 2020

  • Calisen covered fast as investor meetings pay off

    The IPO of Calisen, the UK manufacturer of smart energy meters, was covered on its full size on the first day of marketing. Banks on the deal were pleased with the speed of the bookbuild and the quality of investors placing orders.

    29 Jan 2020

  • Covered bonds on fire as KHFC and SG enjoy extraordinary execution

    Korean Housing Finance Corporation (KHFC) issued its first €1bn-sized covered bond on Wednesday and priced the deal inside fair value. At the same time, Société Générale issued a €1bn 10 year green covered bond flat to its curve with eye-catching demand.

    29 Jan 2020

  • Anglo Pacific increases dollar revolver again

    Anglo Pacific Group, the London-listed, mining resources royalty company, has amended and extended its dollar revolving credit facility, which has now tripled in the last few years.

    29 Jan 2020

  • Kazakhstan’s DBK meets investors for tenge bond

    Development Bank of Kazakhstan (DBK) is embarking on a roadshow to market a tenge-denominated Eurobond.

    29 Jan 2020

  • Election bounce lifts Italian banks in tougher week for credit

    The cost of insuring against default on Italian bank bonds has fallen to its lowest point in over a year, after investors embraced the result of recent regional elections in the country.

    29 Jan 2020

  • Ghana roadshows with big team in tow

    The Republic of Ghana is visiting investors in the US and London with a plan to print a dollar benchmark. But the delegation’s rumoured size has led to surprises before the meetings have started.

    29 Jan 2020

  • FIG investors turn to insurance sub debt for value

    Low yields have driven financial institution bond investors to put money into higher yielding instruments. The latest wheeze is insurance companies' restricted tier one (RT1) bonds, which investors think offer value. Issuance is set to rise as issuers look to replace grandfathered products.

    29 Jan 2020

  • SSA secondary pricing update: Spain and Cyprus stay wide

    Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields as of Wednesday, January 29, 9am UK time. The source for secondary trading levels is ICE Data Services.

    29 Jan 2020

  • Vakifbank goes for intraday dollars

    Turkey's Vakifbank has released initial price guidance for a dollar benchmark, with the intention of printing the deal later on Wednesday.

    29 Jan 2020

  • Ex-UBS structuring head emerges at digi assets firm

    Shane Edwards, former global head of solutions and structuring and global head of equity derivatives at UBS, has joined Diginex, a digital asset firm.

    29 Jan 2020

  • Issuers pile in but EM investors taking stock

    Three more CEEMEA issuers hit the screens on Wednesday with new bond mandates, but one US based EM investor said that after a stellar January he is taking stock and considering reducing his exposures.

    29 Jan 2020

  • Virus rally fails to deter SSA buyers

    The coronavirus outbreak has driven a rush to safe haven assets. While the demand for SSA paper is hotter than ever, some feared that sharply falling yields would make the primary market less attractive. However, borrowers have proved those worries unfounded by building big order books for new bonds this week.

    29 Jan 2020

  • Lombard Odier goes to Church for ESG

    Kristina Church has moved from Barclays to Lombard Odier Investment Managers as a senior investment strategist for sustainable investment, as the firm seeks to grow its offering in this area.

    29 Jan 2020

  • ECM bankers fear Asia losses will hinder EMEA deals

    Equity capital markets bankers are on tenterhooks following the volatility in markets caused by the outbreak of the coronavirus in China. Although a prolonged downturn is not expected, bankers are waiting to see how investors respond to losses suffered in Asian markets before advancing new deals.

    29 Jan 2020

  • Wobble over, markets motor

    Leveraged credit markets are powering ahead with a jam-packed issuance calendar, despite a wobble on Monday when credit indices widened a little on fears about the coronavirus epidemic. On Tuesday spreads firmed up again, though, and bankers bringing new issues have barely broken a sweat all week.

    29 Jan 2020

  • Updated: Indian state-backed ITI targets Rp14bn IPO

    Indian telecommunications company ITI has launched its IPO, looking to raise up to Rp14bn ($196.6m) in fresh equity.

    29 Jan 2020

  • New look Camposol proves perfect feed for ravenous investors

    Peruvian fresh food exporter Camposol tightened pricing on its new bond by well over 50bp from initial price thoughts on Tuesday as bankers said the price discovery exercise had exceeded expectations.

    29 Jan 2020

  • Colombia's Aval prices through guidance

    Colombian financial conglomerate Grupo Aval found idyllic conditions on its return to international bond markets on Tuesday after an eight absence, offering a minimal concession to existing notes issued by its largest subsidiary.

    29 Jan 2020

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%