MTN League Tables and Commentary 1211: Stanley into top three in structures

MTN League Tables and Commentary 1211: Stanley into top three in structures

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.

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