ECM aghast at Brexit delay plans but DCM encouraged

Theresa May’s decision this week to allow Parliament to vote on extending the Brexit deadline by three months has split the UK capital markets down the middle. Bond bankers are cheered and believe UK issuance is likely to rise — but equity deal originators see it as another three months of stagnation, with IPOs all but impossible. Jon Hay, Sam Kerr, Tyler Davies and Aidan Gregory report.

  • By Aidan Gregory, Jon Hay, Sam Kerr, Tyler Davies
  • 28 Feb 2019
UK capital market activity is not dead, but it is very subdued from normal levels. Since November 15, when it became clear the hard Brexit wing of the Conservative Party would not support the deal the prime minister had negotiated with Brussels, UK equity capital markets issuance has ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 101,974.94 404 8.29%
2 Citi 95,105.34 354 7.73%
3 Bank of America Merrill Lynch 82,200.55 309 6.68%
4 Barclays 81,531.75 289 6.63%
5 HSBC 65,681.57 320 5.34%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 8,921.11 17 10.11%
2 Deutsche Bank 5,429.08 13 6.15%
3 Commerzbank Group 5,145.35 21 5.83%
4 BNP Paribas 4,907.83 23 5.56%
5 UniCredit 3,906.86 15 4.43%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 2,328.59 11 11.59%
2 Morgan Stanley 1,958.99 12 9.75%
3 Bank of America Merrill Lynch 1,598.67 7 7.96%
4 JPMorgan 1,371.27 7 6.83%
5 UBS 1,229.93 7 6.12%