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 Citi 186,867.44 727 7.96%
2 JPMorgan 179,438.72 796 7.64%
3 Bank of America Merrill Lynch 171,981.94 568 7.33%
4 Barclays 149,114.94 517 6.35%
5 HSBC 131,579.74 600 5.60%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 28,912.55 42 8.28%
2 BNP Paribas 23,481.31 80 6.72%
3 Citi 19,694.20 52 5.64%
4 SG Corporate & Investment Banking 18,198.32 63 5.21%
5 Credit Agricole CIB 18,085.88 74 5.18%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 8,528.32 38 9.20%
2 JPMorgan 8,142.46 34 8.79%
3 Citi 7,179.38 39 7.75%
4 UBS 5,926.29 19 6.40%
5 Deutsche Bank 4,787.10 31 5.17%