Bear market could send ECM into hibernation for 2019

Another bruising week for equities is testing frayed nerves in equity capital markets, with this week’s US tech-stock sell-off adding to worries about issuance in 2019, writes Sam Kerr.

  • By Sam Kerr
  • 22 Nov 2018

The once-beloved FAANG stocks — an acronym for Facebook, Apple, Amazon, Netflix and Google — all entered bear markets this week. A bear market is defined by a stock price decline of 20% below a 52-week high or over a period of two months.

Apple’s woe caused US equity ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 346,069.71 1350 8.09%
2 JPMorgan 342,066.65 1471 7.99%
3 Bank of America Merrill Lynch 307,117.30 1065 7.18%
4 Barclays 258,537.34 976 6.04%
5 Goldman Sachs 227,890.51 774 5.33%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 48,550.02 206 6.54%
2 JPMorgan 46,311.15 105 6.24%
3 UniCredit 40,595.43 182 5.47%
4 SG Corporate & Investment Banking 38,348.83 146 5.17%
5 Credit Agricole CIB 38,097.35 189 5.13%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 14,514.87 63 9.19%
2 Goldman Sachs 13,469.15 66 8.53%
3 Citi 9,971.36 58 6.32%
4 Morgan Stanley 8,572.10 54 5.43%
5 UBS 8,414.70 37 5.33%