Schuldschein shrugs off Nordic bank dressing down from ESMA

The European Securities and Markets Authority recently fined a clutch of Nordic banks for breaking credit rating regulations. The decision could have implications for the Schuldschein market — where arranging banks issue similar ratings to investors.

  • By Silas Brown
  • 09 Aug 2018

ESMA fined Danske Bank, Nordea, SEB, Svenska Handelsbanken and Swedbank €495,000 each for issuing credit ratings in breach of the credit rating agencies regulation (CRAR), and the banks pledged to change their ways.  

In ESMA’s summation of SEB’s case, the body said: “Between ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 28,910.79 133 5.91%
2 JPMorgan 28,222.08 135 5.77%
3 Barclays 27,736.00 97 5.67%
4 Bank of America Merrill Lynch 26,939.73 123 5.51%
5 Deutsche Bank 23,318.61 103 4.77%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 10,133.09 20 11.18%
2 Bank of America Merrill Lynch 7,471.18 17 8.24%
3 Deutsche Bank 6,325.89 29 6.98%
4 Santander 5,551.04 18 6.12%
5 BNP Paribas 5,364.90 23 5.92%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 799.80 6 9.13%
2 Deutsche Bank 710.75 5 8.11%
3 JPMorgan 703.06 6 8.02%
4 BNP Paribas 554.64 4 6.33%
5 Goldman Sachs 489.41 4 5.59%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 6,897.71 44 11.44%
2 JPMorgan 5,722.96 42 9.50%
3 Bank of America Merrill Lynch 4,628.16 33 7.68%
4 Goldman Sachs 4,199.43 29 6.97%
5 Morgan Stanley 4,092.86 26 6.79%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 6,090.31 21 5.93%
2 JPMorgan 5,522.59 18 5.38%
3 Citi 5,318.49 17 5.18%
4 Deutsche Bank 5,172.92 24 5.04%
5 Credit Agricole CIB 5,152.48 24 5.02%