• Santander looks to switch AT1 pair to Sonia

    Santander began phasing Libor out of two of its outstanding additional tier (AT1) one notes this week, having appointed NatWest Markets to lead the process to restructure the bonds to reference Sonia.

    30 Oct 2020

  • Funding scorecard: Nordic agencies

    This week's scorecard looks at the progress Nordic agencies have made in their 2020 funding programmes at the end of October.

    30 Oct 2020

  • Sareen to take charge of EMEA banking at ING

    ING has appointed Uday Sareen as head of wholesale banking for Europe, the Middle East and Africa.

    30 Oct 2020

  • New lockdowns no hindrance for ECM supply

    New national lockdowns in France and Germany smashed secondary equity markets this week, but ECM bankers are confident that as the shock subsides there will still be deals to do.

    30 Oct 2020

  • Ile-de-France Mobilités lining up euro benchmark

    Ile-de-France Mobilités is coming to market for a 15 year euro benchmark, set to become one of several French borrowers expected before the end of the year.

    30 Oct 2020

  • Enav signs ESG loans as airline sector gets dire warning

    Enav, the Italian air navigation company, has signed €150m of sustainability-linked loans, as a rise in coronavirus cases globally has heaped even more pressure on the airline industry’s outlook for next year.

    30 Oct 2020

  • Soltec Power trades up despite volatility

    Shares in Spanish solar equipment maker Soltec Power have surged in the aftermarket despite the immense market volatility this week sparked by a surge in coronavirus cases across the European continent, amid huge investor interest in the renewable energy space.

    30 Oct 2020

  • Citi sets up unit to advise governments on digitalisation

    Naveed Sultan will develop and lead a new digital policy, strategy and advisory practice for governments, corporates and financial institutions at Citi, and has been appointed chairman in the bank's institutional clients group (ICG).

    30 Oct 2020

  • China markets and policy round-up: CCP unveils new five year plan, regulators mull Shenzhen bourse reform, Beijing increases oversight of large developers

    In this round-up, the Chinese Communist Party has set goals for the country’s development over the next five years, regulators are ready to streamline the Shenzhen Stock Exchange, and some big property developers have been asked for their monthly financial data.

    30 Oct 2020

  • Perenna applies to become first pure UK covered bond bank

    Perenna has applied to become the first UK covered bond bank and plans to issue 30 year fixed rate mortgages next year, using the Danish covered bond system that limits mismatches between the terms of the mortgages and the bonds that fund them.

    30 Oct 2020

  • Lufax to price $2.4bn US listing at top end

    Ping An Insurance-backed Lufax Holdings is expected to price its American depository shares (ADS) at the top of guidance, following a large turnout from global heavyweight investors for its IPO.

    30 Oct 2020

  • MUFG hires from Mandiri for senior DCM job

    MUFG Securities Asia has hired Shailesh Venkatraman for a newly-created position leading DCM origination for south and southeast Asia.

    30 Oct 2020

  • Shandong Iron navigates weakening market for $500m

    Shandong Iron & Steel Group Co was forced to pay 50bp more than it expected for a new $500m three year bond on Thursday, despite trying to appeal to investors with a positive spin on its future fundraising plans.

    30 Oct 2020

  • SDIC snags $300m from bond

    China’s State Development and Investment Corp (SDIC) nabbed $300m in the bond market on Thursday.

    30 Oct 2020

  • RemeGen to close IPO early, JW Therapeutics prices

    Chinese biopharmaceutical firm RemeGen will close the international orderbook for its Hong Kong IPO early as the deal is already many times covered, according to a source close to the listing.

    30 Oct 2020

  • Ant gets record retail interest for Star IPO

    A record number of retail investors in China fought for the Shanghai portion of Ant Group’s landmark dual listing this week, channelling Rmb19tr ($2.83tr) of orders into the world’s largest IPO.

    30 Oct 2020

  • Gaw Capital in talks to buy Cityplaza One, raise new loan

    Private equity firm Gaw Capital Partners is in talks with banks for a new borrowing to support its potential acquisition of Cityplaza One, a commercial office building in the heart of Hong Kong.

    30 Oct 2020

  • Fed to underpin EM whoever wins White House race

    Donald Trump and Joe Biden each present a different set of medium-term risk factors for emerging markets if they win next week’s US presidential elections. But the US Federal Reserve’s promise to keep rates lower for longer — combined with unprecedented monetary policy support from other developed market central banks — should provide a cushion that is more relevant to EM bonds than the Oval Office’s occupant. Mariam Meskin and Oliver West report.

    29 Oct 2020

  • BlackRock, JP Morgan, Citi finance firms risking Amazon destruction

    Outrage at the destruction of the Amazon rainforest — which often involves dispossessing indigenous people — is common among capital markets executives. But few realise that their own firms are financing it.

    29 Oct 2020

  • Lat Am quiet but issuers could play post-election

    Total Play Telecomunicaciones’ failure to appear in primary markets this week was less surprising to bond bankers than the fact that the Mexican telco had planned to sell a debut deal the week before the US elections, as equity volatility in that country made for a weaker tone in Latin American credit markets.

    29 Oct 2020

  • BNP Paribas revamps at home to crack M&A conundrum

    BNP Paribas has shaken up its advisory business to address underperformance in its home market, but this must be more than a quick fix to restore national pride, writes David Rothnie.

    29 Oct 2020

  • What better time to expand the IFFIm model

    Take advantage of low borrowing rates to enact ambitious social programmes. That is economists' message to governments in the developed world right now. The message could also apply elsewhere.

    29 Oct 2020

  • Boeing takes off amid turbulence

    Boeing faced down turbulence on Thursday with a $4.9bn bond issue, after markets reacted to a spike in Covid-19 cases days ahead of the US presidential election.

    29 Oct 2020

  • World Bank EUR2bn 0.125% Jan 51

    29 Oct 2020

  • NXT CEO Radway set to retire

    Chairman and CEO of NXT Capital, Robert Radway, will retire next year after 11 years spent at the middle market finance firm. Radway will step down as CEO on January 1, 2021, but will continue as chairman and member of the NXT Capital investment committees until his retirement at the end of next year.

    29 Oct 2020

  • Dollar market dominated by defensive deals

    The dollar market has kept up a respectable pace of issuance this week, pumping out small deals at the short end of the curve catering to investors’ preference for defensive transactions.

    29 Oct 2020

  • IFFIm launches three year vaccine bond

    International Finance Facility for Immunisation (IFFIm) hit the market on Thursday with a $500m three year no-grow — its first dollar syndication since 2017.

    29 Oct 2020

  • Chile weighs up further thematic bond issues

    Chile, the only Latin American sovereign to have issued a green bond, is weighing up different thematic bonds as it makes its funding plans for 2021.

    29 Oct 2020

  • US election is an ESG crossroads

    Capital markets players have a variety of stances on the forthcoming US presidential election. A survey by UBS this week found 51% of wealthy US investors wanted Joe Biden to win, while 55% of business owners favoured Donald Trump.

    29 Oct 2020

  • Lockdowns and largesse to spark IG supply as pricing poses puzzle

    Fresh national lockdowns across Europe and further ECB stimulus are tipped to lead to a surge in high grade corporate bond issuance in early November. But the central bank’s bond buying has turned finding fair value into a convoluted process and this will likely only become more difficult after it hinted on Thursday at doing even more in December.

    29 Oct 2020

  • Galaxy Pipeline Assets USD1.1bn 1.75% Sept 27 USD1.55bn 2.625% March 36 USD1.35bn 3.25% Sept 40

    29 Oct 2020

  • Daa and Akelius leap on green day to raise debt in volatile market

    Daa, the Irish airport operator, and Akelius, the UK residential property company, snatched the chance to raise funds on Thursday, the most stable day for the bond market this week. But demand has been muted as jitters about lockdowns and next week’s US presidential election kept some investors on the sidelines.

    29 Oct 2020

  • UBS Group EUR1.5bn 0.25% Nov 28 8NC7 senior

    29 Oct 2020

  • Barclays GBP400m 1.7% Nov 26 6NC5 green senior

    29 Oct 2020

  • Capital markets pray for decisive US election victory

    The US presidential election is next week but, unlike the rest of the world, capital markets professionals are not rooting for Joe Biden or the incumbent, Donald Trump, to win. Instead, they just want a clear result that will spur issuance for the rest of the year. Sam Kerr, Mike Turner, Lewis McLellan, Mariam Meskin, Frank Jackman and Aidan Gregory report.

    29 Oct 2020

  • ECB relieves onlookers with promise of more stimulus

    European Central Bank president Christine Lagarde was firm enough in her promises of monetary policy support to avoid disappointing investors at a press conference on Thursday.

    29 Oct 2020

  • New Jefferies CLO team said to ready first warehouse

    Jefferies smashed its way into the European CLO primary market this year, hiring a team from the market’s top ranked arranger, Citi, and igniting a hiring merry-go-round. But the boutique bank doesn’t have the balance sheet muscle of its commercial rivals, and observers questioned how it planned to compete in the commoditised world of warehouse lending. Now however, GlobalCapital understands it has sourced external funding and has at least one warehouse already in the works.

    29 Oct 2020

  • Transition label could be applied to equity

    A Climate Bonds Initiative and Credit Suisse document on ‘financing credible transitions’ may help to create a market standard for judging when a company is moving to a net-zero carbon future. One of its creators said that, in theory, firms could raise dedicated transition equity as well as debt.

    29 Oct 2020

  • Groupe PSA trims Faurecia stake on torrid day for stocks

    Groupe Peugeot Société Anonyme, the French auto manufacturer, chose a tough day to launch a €308m sale of stock in car parts maker Faurecia. The sale is a key condition of the company's merger with Fiat Chrysler.

    29 Oct 2020

  • Daa and Akelius pounce on calmer markets to raise debt

    Daa, the Irish airport operator, and UK residential property company Akelius snatched the chance to raise funds on the most stable day this week. But demand has been muted as jitters about lockdowns and next week’s US presidential election kept some investors on the sides.

    29 Oct 2020

  • Lugano sells rare ultra-long Swissie deal

    THE CITY of Lugano sold a bond that has pushed the Swiss franc curve out to its farthest point this week, locking in a coupon of 0.15% for 50 years, following a similar deal for Bern last month.

    29 Oct 2020

  • Nord/LB Lux’s LCR status to be grandfathered

    Covered bonds issued by NordLB’s Luxembourg subsidiary are set to become ineligible for the liquidity coverage ratio from July 2022, according to a draft amendment published this week by the European Commission.

    29 Oct 2020

  • ECM fees triple at Credit Suisse

    Fee growth from Credit Suisse's equity capital markets business supported its newly established investment bank, its third quarter results on Thursday showed.

    29 Oct 2020

  • CLOs ditch riskiest tranche as markets widen

    The ‘normalisation’ of the CLO market has stalled, with spreads for single-B tranches now at levels where issuing makes little sense, pushing many managers to retain these notes or print lower levered deals.

    29 Oct 2020

  • Banks ready Blackstone European logistics CMBS

    Bank of America, Société Générale, and BNP Paribas are arranging a multi-jurisdiction CMBS backed by a portfolio of Blackstone-owned logistics properties.

    29 Oct 2020

  • Etihad debuts transition sukuk as it continues green pivot

    Etihad Airways issued the first transition sukuk this week, a $600m deal, further burnishing its green credentials after issuing a loan linked to the UN’s Sustainable Development Goals less than a year ago.

    29 Oct 2020

  • Secondary bank spreads widen amid coronavirus concern

    Concerns over the worsening coronavirus infection rate in Europe sent bank spreads wider on Thursday, as investors avoided taking on risk in the secondary market.

    29 Oct 2020

  • Covered Bond Directive implementation 'a bit behind'

    Only a few countries have made headway in the implementation of the Covered Bond Directive and, with just a few months left, there are growing concerns that its transposition will be delayed, said bankers attending a virtual event sponsored by the European Covered Bond Council (ECBC) on Wednesday.

    29 Oct 2020

  • Agora snags Estlin as adviser

    Peter Estlin, a former lord mayor of the City of London and group financial controller at Barclays, has joined Digital Debt Capital Markets, the company behind the Agora software, the start-up founded by fellow Barclays alumnus and bond market veteran, Charlie Berman.

    29 Oct 2020

  • NH Hotel loses bank trio in loan amend and extend

    NH Hotel Group, the Spanish hotel chain, has extended its revolving credit facility, but three lenders have pulled out of the deal, which has been reduced in size by €14m to €236m.

    29 Oct 2020

  • People news in brief: October 29, 2020

    JPM names new ECM, DCM heads – Deutsche hires for ESG

    29 Oct 2020

  • Samolet prices first stage of Moscow listing

    Samolet, the Russian real estate company, completed a Rb2.9bn ($36.6m) IPO in Moscow on Thursday, the first part of a two-stage process which the company hopes will culminate in a larger listing next year.

    29 Oct 2020

  • Korian completes €400m capital raise

    Korian, the French operator of nursing homes, completed its €400m rights issue on Wednesday to fund the acquisition of Inicea.

    29 Oct 2020

  • Ant makes history with $34bn listing on HK, Star exchanges

    Chinese financial technology company Ant Group has sealed the world’s largest ever IPO, raising $34.4bn from dual listings in Shanghai and Hong Kong. The company built two mammoth order books despite a turbulent week for equity markets globally — although that created serious challenges for bankers allocating the stock. Jonathan Breen reports.

    29 Oct 2020

  • Our lives are in limbo because of Covid

    The lockdown has changed life for all of us in ways large and small. I miss my monthly trips to the beach in Thailand, lazing around in a plush hotel with a Mai Tai in my hand and a Tai Tai nowhere in sight. Tai Tai is my dear wife, although in this case the relevant definition of the word ‘dear’ is ‘expensive’. She tells me she misses the long dinners with the girls. Others reminisce about the hustle and bustle of business travel.

    29 Oct 2020

  • Zhongyuan Yuzi pulls deal as Chinese LGFVs face tricky funding environment

    Two Chinese local government financing vehicles (LGFVs) hit speed bumps in the dollar bond market this week amid rising volatility, as investors pushed back on the issuers’ attempts to get away with aggressive pricing. While one of the borrowers sealed its deal despite tepid demand, another was forced to scrap its transaction. Morgan Davis reports.

    29 Oct 2020

  • Chinese issuers dominate dollar bond market

    A large number of issuers from Asia, the majority Chinese, tapped bond investors on Wednesday for fresh funds.

    29 Oct 2020

  • China Merchants nabs S&P rating in RMBS first

    China Merchants Bank has sold its first mortgage-backed securitization (RMBS) with an international rating. Foreign demand helped with a smooth bookbuilding process, despite a weak market backdrop. Addison Gong reports.

    29 Oct 2020

  • Kookmin takes Covid label to bank capital

    South Korea’s Kookmin Bank used a Covid-19 sustainability bond label for its $500m bank capital deal on Wednesday.

    29 Oct 2020

  • CreditSights Covenants: European Telco CoCs

    Covid-19 has not put the brakes on deal-making in the European telecommunications, media and technology (TMT) sector and we expect M&A activity to continue. As such, we view the nuances of change of control (CoC) language in deal documents as important.

    29 Oct 2020

  • Hexaware take-private loan sealed, delisting imminent

    Indian software firm Hexaware Technologies has wrapped up a $600m loan to fund its take-private by Baring Private Equity Asia.

    29 Oct 2020

  • Hengli, Gaw look to boost old loan size by HK$1.45bn

    Property company Hengli Group and real estate-focused private equity firm Gaw Capital Partners are taking advantage of a recent regulatory change in Hong Kong to increase a loan closed last year.

    29 Oct 2020

  • US-listed New Oriental launches HK secondary offering

    New Oriental Education & Technology Group, one of China’s largest private education companies, has kicked off bookbuilding for a Hong Kong secondary listing worth around $1.4bn.

    29 Oct 2020

  • City of Córdoba launches restructuring with Moneda support

    Just one day before a likely hard default on its $150m of 7.875% 2024s, Argentina's City of Córdoba on Wednesday asked bondholders to modify the payment terms according to a plan that already has the backing of Chilean asset management firm Moneda.

    29 Oct 2020

  • Competitors eye US student loan market as Wells walks

    Competitors are beginning to circle Wells Fargo’s chunky share of the US student loan market. The opportunity is particularly attractive for non-bank ABS issuers such as Navient and Sallie Mae, sources say, who are looking to translate demand into new origination volumes. Jennifer Kang reports.

    28 Oct 2020

  • Onex and Bain bring back pre-Covid duration in latest CLOs

    Onex Credit Partners and Bain Capital Credit each priced CLOs with five year reinvestment periods on Wednesday, the latest managers to return traditional CLO structures that were upended by the coronavirus.

    28 Oct 2020

  • IFFIm hits screens ahead of US election

    The International Finance Facility for Immunisation is lining up its first dollar benchmark since April 2019, selling into a market crowded with borrowers looking for short dated taps.

    28 Oct 2020

  • M&A duo sparks deserted market

    The announcement this week of two acquisitions involving European and emerging market companies has cheered loans bankers who have been missing big M&A tickets because of the Covid-19 pandemic.

    28 Oct 2020

  • Flurry of taps in euros as ECB approaches

    Four borrowers hit the euro market on Wednesday, focusing on taps and small new lines. The issuers are seizing their opportunity to sell before this week's European Central Bank press conference and nest week's US elections.

    28 Oct 2020

  • Lockdowns to spur busy November in IG corporate primary

    The threat of new national level lockdowns in some of Europe’s largest economies could spark a wave of high grade corporate bond issuance, with investors happy to ignore trembling fundamentals as long as the European Central Bank keeps pumping billions into the system.

    28 Oct 2020

  • UCI returns to Spanish RMBS after two year break

    Unión de Créditos Inmobiliarios (UCI) is bringing its first Spanish deal since 2018 after taking a two and a half year break from the market, announcing the STS-eligible Prado VII Spanish RMBS.

    28 Oct 2020

  • Covered bonds set for safety bets major investor

    The covered bond supply outlook is dismal and could worsen but that means spreads are well protected, even if competing supply in the rates market from the EU ramps up, a major investor told GlobalCapital on Wednesday.

    28 Oct 2020

  • Adnoc investor group Galaxy raises triple trancher in biggest ever project bond

    Galaxy Pipeline Assets Bidco, a group of international investors that provided Abu Dhabi National Oil Company (Adnoc) with $8bn in a pipeline partnership deal earlier this year, has raised a $4bn triple tranche bond to refinance half of the loan that funded the team-up. The deal is, according to banks, the largest project bond ever raised.

    28 Oct 2020

  • Denmark’s banks set for muted year-end in primary

    Denmark’s banks are set for a quiet end to the year, according to bankers, as changes made to their minimum requirements for own funds and eligible liabilities (MREL) have taken the pressure off of funding.

    28 Oct 2020

  • Aston Martin preps huge financing package to fund electric future

    Aston Martin, the British luxury carmaker, has arranged a new financing package to strengthen its balance sheet and cash reserves as it embarks on an ambitious new partnership with German car giant Mercedes-Benz, to start producing electric cars. The bond leg, however, was launched into a difficult market, with the Crossover widening sharply during the first day of bookbuilding.

    28 Oct 2020

  • Fashionette prices IPO amid DAX devastation

    German e-commerce company Fashionette, which sells designer handbags and accessories online, set a price for its IPO on the Frankfurt stock exchange on Tuesday, even as the main equity index in the country took a pasting.

    28 Oct 2020

  • Deutsche's investment bank makes almost €1bn, again

    Deutsche Bank's fixed income and currency bankers continued a strong run in the third quarter, the firm's results on Wednesday showed. Profit before tax at the investment bank has now been enough to cover losses from the capital release unit for two consecutive quarters.

    28 Oct 2020

  • ADB trades on looming Aussie QE

    Asian Development Bank printed the largest SSA kangaroo benchmark of the year on Tuesday, taking advantage of a brief issuance window and capitalising on expectations of the start of quantitative easing in Australia.

    28 Oct 2020

  • Airbus doubles size of main euro bank line as company faces prolonged difficulties

    Airbus, the French aerospace company, has signed a €6bn sustainability-linked revolving credit facility, with the borrower doubling the size of its bank line after raising billions in emergency liquidity in the spring.

    28 Oct 2020

  • Guest view: The ECB can axe Alberta bonds’ repo eligibility

    GlobalCapital has argued that it is not the ECB’s job to exclude individual borrowers’ bonds from its list of repo-eligible securities on environmental grounds, in response to our call for the Province of Alberta’s debt to be removed from its list of eligible marketable assets (EMA). We maintain that the ECB has plenty of justification to exclude this borrower.

    28 Oct 2020

  • CMB debuts internationally rated RMBS

    China Merchants Bank has sold its first mortgage backed securitization (RMBS) transaction with an international rating. The foreign demand helped with a smooth bookbuilding process, despite a less than favourable market backdrop for the outing.

    28 Oct 2020

  • Formosa to mandate six banks for $2bn loan

    Formosa Plastics Corp has shortlisted six banks to arrange a multi-tranche financing for its Vietnam business.

    28 Oct 2020

  • Gansu LGFV sees poor investor turnout for bond

    Gansu Provincial Highway Aviation Tourism Investment Group Co found lacklustre support for its $300m bond on Tuesday after its pricing strategy deterred investors from joining the deal.

    28 Oct 2020

  • Korea Land ends dollar hiatus with social bond

    Korea Land & Housing Corp has broken a six-year absence from the dollar debt market to raise $300m from a social bond.

    28 Oct 2020

  • GDS prices $1.7bn HK secondary listing

    Chinese data centre operator GDS Holdings has pocketed HK$12.9bn ($1.67bn) from its secondary offering on Hong Kong’s stock exchange.

    28 Oct 2020

  • Krafton picks underwriters for Korean IPO

    Krafton, a popular South Korean video game developer, has mandated banks for its 2021 IPO.

    28 Oct 2020

  • JP Morgan appoints new Apac ECM head

    JP Morgan has rejigged the leadership of its Asia Pacific capital markets businesses, promoting Francesco Lavatelli to the helm of the ECM team.

    28 Oct 2020

  • China lays groundwork for more climate financing, investment

    China’s ecological and financial regulators have jointly published guidelines around climate change-related financing and investment.

    28 Oct 2020

  • Asia green loans: don’t blur the lines

    Asian loans bankers are calling for relaxed restrictions on green and sustainability-linked loans, hoping for more business opportunities from the sector. But this approach could harm the development of the market in the long-term.

    28 Oct 2020

  • RemeGen launches $514m Hong Kong listing

    RemeGen, a Chinese biopharmaceutical company, has rolled out a Hong Kong IPO that could be worth up to HK$3.99bn ($514.5m).

    28 Oct 2020

  • Chile looking beyond green bonds for 2021 funding

    Chile, which in 2019 became the first Latin America sovereign to issue a green bond, is weighing up different thematic bonds as it makes its funding plans for 2021, according to a senior funding official.

    28 Oct 2020

  • Biodiversity: banks lack even basic controls

    The threat to biodiversity is moving up the agenda of financial markets, but banks are woefully unprepared, a new study has found — in fact, they are actively financing what scientists believe is a mass extinction of species.

    28 Oct 2020

  • Managers prep flurry of new CLOs in run up to election

    Crestline Denali Capital, LCM Asset Management, Anchorage Capital Group and HPS Investment Partners are the managers expected to price CLOs in the coming week, as the primary pipeline sees one last burst of activity before election headlines dominate.

    27 Oct 2020

  • Argentina’s economic struggles are a danger for provincial restructurings

    Eye-watering bond yields on Argentina’s recently restructured sovereign bonds indicate that investors have little faith in its economic plans. That will make it hard for issuers and investors to see eye-to-eye in the wave of provincial debt restructuring talks that has followed the sovereign's deal with bondholders.

    27 Oct 2020

  • ECB can't pick and choose, even for the environment

    An ESG think tank believes that the European Central Bank should drop Alberta’s euro bonds from its list of eligible marketable assets, as a punishment for its support for polluting industries. But while it is a laudable aim, it is not practicable.

    27 Oct 2020

  • Covered bond reward for risk is ‘very bad’

    Covered bond spreads are unlikely to widen much say dealers, plenty of whom are long inventory, especially in recently issued deals. Deals that are ineligible for central bank buying programmes, however, are vulnerable.

    27 Oct 2020

  • Oportun returns with unsecured consumer ABS

    Unsecured consumer lender Oportun, known to primarily serve customers with less access to traditional banking services, including low income and immigrant communities, is returning to the securitization market. It is the first deal from the issuer since coming under fire for filing more lawsuits than any other personal loan company in California and Texas.

    27 Oct 2020

  • Scandie SSA issuers plump for short dated dollars

    Supply in the SSA dollar market is clustered at the short end of the curve, as borrowers focus on defensive tenors ahead of the upcoming US election. Kommuninvest landed a sizeable benchmark on Tuesday, while Kommunalbanken will follow suit on Wednesday.

    27 Oct 2020

  • Credit business shines as HSBC vows to speed up change

    HSBC's credit and equities business lines were the standout performers in the global banking and markets division (GBM) in the third quarter, the bank's results showed on Tuesday. Meanwhile, group chief executive Noel Quinn said the firm was adapting its business model to chronic low interest rates.

    27 Oct 2020

  • Citizen Irish announces rare auto ABS

    Citizen Irish has mandated Deutsche Bank as arranger and Citi as joint-lead manager for a new Irish auto ABS, the third deal to come from the issuer after a two-year break.

    27 Oct 2020

All International Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 494.86 1916 9.11%
2 Citi 421.14 1587 7.75%
3 BofA Securities 419.38 1615 7.72%
4 Barclays 294.67 1185 5.42%
5 Goldman Sachs 288.24 1043 5.31%

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 JPMorgan 15.76 106 9.17%
2 Morgan Stanley 15.71 67 9.14%
3 Goldman Sachs 14.87 82 8.65%
4 Citi 12.56 72 7.30%
5 BofA Securities 11.86 62 6.90%