Hybrids have become a savvy corporate treasurer's dream structure

Hybrid capital bonds are the flavour of the month. Their roaring success this week and the absence of any clear event that will knock them off their perch means they will quite likely prove the flavour of the year.

  • By Mike Turner
  • 11 Feb 2020

Swedish property company Akelius had a rip-roaring time in the hybrid capital market at the start of the week, getting €500m of 61.25 year non-call 6.25 year debt at 2.25%, after starting its marketing efforts 50bp wide of the final yield.

Property is not a natural fit for many investors. ...

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All International Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 90.95 318 9.08%
2 Citi 79.28 298 7.91%
3 BofA Securities 67.23 266 6.71%
4 Barclays 59.53 235 5.94%
5 Goldman Sachs 48.52 170 4.84%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 4.09 13 10.66%
2 BofA Securities 3.98 14 10.39%
3 Citi 3.21 13 8.39%
4 Commerzbank Group 2.27 8 5.92%
5 Deutsche Bank 2.16 16 5.64%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Credit Suisse 2.84 5 13.11%
2 JPMorgan 1.90 14 8.76%
3 Barclays 1.75 12 8.06%
4 Morgan Stanley 1.69 11 7.78%
5 Citi 1.63 13 7.55%