ECM expect more anchors and cornerstones in blocks

The EMEA equity blocks market continues to be driven by fundamental interest in specific stocks and bankers and investors expect more trades where a single investor supports the deal by taking a large proportion of the stock.

  • By Sam Kerr
  • 06 Mar 2019

Along with more investors anchoring trades, sources expect to see more cornerstone interest.

Anchors and cornerstones play similar roles in equity capital markets trades, but there is a difference between the two.

While an anchor investor will buy a large proportion of shares in a trade, it ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • 19 Sep 2019
1 JPMorgan 299,908.40 1348 8.58%
2 Citi 269,633.69 1139 7.71%
3 Bank of America Merrill Lynch 233,702.48 955 6.69%
4 Barclays 215,977.22 873 6.18%
5 Goldman Sachs 171,316.37 716 4.90%

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1 BNP Paribas 33,565.22 148 7.28%
2 Credit Agricole CIB 33,319.19 143 7.22%
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4 Bank of America Merrill Lynch 23,368.44 65 5.07%
5 SG Corporate & Investment Banking 22,565.04 105 4.89%

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1 JPMorgan 9,273.57 56 10.29%
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5 UBS 4,913.18 26 5.45%