Dealers of private EMTNs — 2011 | ||||
Rank | Bookrunner/Lead dealer | Deal value $m | No | % Share |
1 | Barclays Capital | 9,752 | 227 | 5.06 |
2 | Deutsche Bank | 9,049 | 141 | 4.69 |
3 | JP Morgan | 8,688 | 260 | 4.50 |
4 | HSBC | 7,704 | 164 | 3.99 |
5 | Credit Suisse | 6,678 | 82 | 3.46 |
6 | Citi | 6,160 | 123 | 3.19 |
7 | BNP Paribas | 5,289 | 100 | 2.74 |
8 | UBS | 4,536 | 71 | 2.35 |
9 | Morgan Stanley | 4,348 | 96 | 2.25 |
10 | Bank of America Merrill Lynch | 4,329 | 135 | 2.24 |
11 | Nomura Securities | 4,029 | 68 | 2.09 |
12 | Royal Bank of Scotland | 3,838 | 83 | 1.99 |
13 | Société Générale | 3,796 | 71 | 1.97 |
14 | Crédit Agricole | 3,035 | 45 | 1.57 |
15 | RBC Capital Markets | 2,914 | 93 | 1.51 |
16 | Daiwa Securities Capital Markets | 2,807 | 27 | 1.46 |
17 | SMBC Nikko Capital Markets | 2,699 | 83 | 1.40 |
18 | DZ Bank | 2,598 | 60 | 1.35 |
19 | Mizuho Financial Group | 2,441 | 121 | 1.27 |
20 | TD Securities | 2,329 | 57 | 1.21 |
Total | 192,912 | 11,116 | 100.00 | |
Dealers of private EMTNs incl self-led — 2011 | ||||
Rank | Bookrunner/Lead dealer | Deal value $m | No | % Share |
1 | Société Générale | 23,158 | 2,956 | 7.07 |
2 | Deutsche Bank | 18,050 | 516 | 5.51 |
3 | HSBC | 17,114 | 3,794 | 5.22 |
4 | Commerzbank Group | 13,739 | 1,143 | 4.19 |
5 | Barclays Capital | 12,655 | 329 | 3.86 |
6 | Royal Bank of Scotland | 11,551 | 2,330 | 3.53 |
7 | BNP Paribas | 11,039 | 456 | 3.37 |
8 | UBS | 9,490 | 714 | 2.90 |
9 | Crédit Agricole | 9,225 | 659 | 2.82 |
10 | JP Morgan | 8,844 | 288 | 2.70 |
11 | Citi | 7,237 | 193 | 2.21 |
12 | LBBW | 7,203 | 107 | 2.20 |
13 | Credit Suisse | 6,915 | 93 | 2.11 |
14 | Bank of America Merrill Lynch | 5,170 | 241 | 1.58 |
15 | Morgan Stanley | 4,530 | 105 | 1.38 |
16 | Nomura Securities | 4,410 | 91 | 1.35 |
17 | RBC Capital Markets | 4,315 | 860 | 1.32 |
18 | Swedbank Markets | 3,774 | 39 | 1.15 |
19 | DZ Bank | 3,642 | 71 | 1.11 |
20 | Daiwa Securities Capital Markets | 3,241 | 30 | 0.99 |
Total | 327,650 | 42,357 | 100.00 | |
Dealers of structured EMTNs excl self-led — 2011 | ||||
Rank | Bookrunner/Lead dealer | Deal value $m | No | % Share |
1 | JP Morgan | 2,520 | 127 | 9.55 |
2 | Nomura Securities | 1,727 | 37 | 6.55 |
3 | Morgan Stanley | 1,509 | 58 | 5.72 |
4 | Barclays Capital | 1,453 | 73 | 5.51 |
5 | HSBC | 1,428 | 62 | 5.41 |
6 | Bank of America Merrill Lynch | 1,244 | 98 | 4.72 |
7 | Daiwa Securities Capital Markets | 1,241 | 11 | 4.70 |
8 | Mizuho Financial Group | 1,225 | 85 | 4.65 |
9 | DZ Bank | 1,100 | 26 | 4.17 |
10 | SMBC Nikko Capital Markets | 1,058 | 36 | 4.01 |
11 | Citi | 1,013 | 52 | 3.84 |
12 | Commerzbank Group | 955 | 45 | 3.62 |
13 | Crédit Agricole | 952 | 15 | 3.61 |
14 | Société Générale | 933 | 36 | 3.54 |
15 | Royal Bank of Scotland | 695 | 27 | 2.64 |
16 | Credit Suisse | 685 | 22 | 2.60 |
17 | UBS | 594 | 22 | 2.25 |
18 | Mitsubishi UFJ Financial Group | 561 | 19 | 2.13 |
19 | Deutsche Bank | 538 | 33 | 2.04 |
20 | BNP Paribas | 505 | 29 | 1.92 |
Total | 26,373 | 1,208 | 100.00 | |
Dealers of private EMTNs: Non-syndicated deals for less than $250m excluding financial repackaged SPVs, self-led deals and issues with a term of less than 365 days
Dealers of private EMTNs including self-led: Non-syndicated deals for less than $250m
Dealers of structured EMTNs excluding self-led: structured, non-syndicated deals for less than $250m excluding financial repackaged SPVs, GSE issuers and puttable FRNs
Table commentary
Morgan Stanley moved up a place to third in the structured table, which this week excludes self-led trades. It has dealt several callable zeros for several borrowers lately, as well as a currency linker for Kommunalbanken.
Barclays Capital leapt from 13th to fourth in structures. Among its recent trades was an inflation linker for Cez. In private EMTNs, Credit Suisse moved up one to fifth place after dealing several trades for Compagnie de Financement Foncier.
In the tables including self-led, Royal Bank of Scotland moved up a place to sixth, having recently placed a slew of Hong Kong dollar trades.