Remarkable innovation as Swiss Re gets capital put at 25bp over

Swiss Re, the reinsurance group, returned to the equity-linked debt market on Wednesday with a deal that reinforced this issuer’s reputation for financial innovation: a $500m equity-neutral convertible bond that also acts as a contingent convertible security — except with more flexibility for the issuer.

  • By Aidan Gregory, Jon Hay
  • 06 Jun 2018

Barclays, Bank of America Merrill Lynch, Deutsche Bank, JP Morgan and UBS were the bookrunners.

Swiss Re has been working on this idea for a long time, bouncing ideas off a number of banks.

Over the past 20 years, the company has been very focused on sophisticated capital management, trying ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 260,264.52 1167 8.49%
2 Citi 237,013.77 993 7.73%
3 Bank of America Merrill Lynch 202,540.22 831 6.61%
4 Barclays 188,016.56 770 6.13%
5 Goldman Sachs 147,310.58 610 4.81%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 31,706.24 135 7.74%
2 Credit Agricole CIB 27,567.28 117 6.73%
3 JPMorgan 23,570.89 63 5.75%
4 Bank of America Merrill Lynch 23,072.58 63 5.63%
5 UniCredit 20,250.58 112 4.94%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 8,160.55 49 10.08%
2 Morgan Stanley 7,744.92 38 9.56%
3 Goldman Sachs 6,966.15 37 8.60%
4 Citi 5,856.44 44 7.23%
5 UBS 4,823.67 25 5.96%