Regulators protect bonds from restrictive PRIIPs rule

European regulators and the UK’s Financial Conduct Authority have hit back against what they see as on overly restrictive interpretation of the European PRIIPs rules, intended for structured products. The rules, which came in in January this year, have led some issuers of vanilla bonds to hold back from offering these to retail clients because they were worried about new documents required.

  • By Owen Sanderson
  • 13 Nov 2018

PRIIPs, or the Packaged Retail and Insurance-based Investment Products regulation, is supposed to make it easier for retail investors to compare different structured investment products, by requiring issuers to produce a Key Information Document or KID, to highly prescriptive standards.

It does not replace the term sheet or ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 345,651.05 1349 8.09%
2 JPMorgan 341,748.87 1469 8.00%
3 Bank of America Merrill Lynch 306,869.45 1064 7.18%
4 Barclays 258,170.48 974 6.04%
5 Goldman Sachs 227,691.73 773 5.33%

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1 BNP Paribas 48,305.28 204 6.53%
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4 SG Corporate & Investment Banking 38,348.83 146 5.19%
5 Credit Agricole CIB 37,171.96 185 5.03%

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1 JPMorgan 14,514.87 63 9.19%
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4 Morgan Stanley 8,572.10 54 5.43%
5 UBS 8,414.70 37 5.33%