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Bankers hope for return of deals as PBoC settles liquidity fears

Asia’s financial markets began to recover from fears of a Chinese liquidity crunch on Wednesday after the People’s Bank of China (PBoC) released a statement on Tuesday saying that it would execute money market operations to stabilise markets and ease the pressure on banks. In response, DCM bankers dared to hope that prospects for dealflow would now improve.

  • By Frances J. Yoon
  • 26 Jun 2013

China’s Shanghai Interbank Offered Rate (Shibor), which had shot up to a high of 13.44% on June 20 — although individual overnight repo trades were spotted that day as high as 25% — had fallen to 5.5% by the Wednesday fixing, down from Tuesday’s 5.83%.

Cash prices on ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
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For detailed analysis: Dealogic
  • Last updated
  • Today
1 Citi 7,804.66 23 9.52%
2 Deutsche Bank 6,018.47 14 7.34%
3 JPMorgan 5,096.36 17 6.22%
4 Barclays 4,950.16 12 6.04%
5 Goldman Sachs 4,862.50 14 5.93%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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For detailed analysis: Dealogic
  • Last updated
  • Today
1 Citi 1,243.79 7 7.24%
2 BNP Paribas 1,118.03 6 6.51%
3 Barclays 1,100.14 4 6.41%
4 Commerzbank Group 1,054.99 6 6.15%
5 JPMorgan 1,009.92 4 5.88%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 JPMorgan 200.50 2 12.59%
1 Deutsche Bank 200.50 2 12.59%
3 UniCredit 113.00 1 7.09%
3 Sumitomo Mitsui Financial Group 113.00 1 7.09%
3 Mediobanca 113.00 1 7.09%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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For detailed analysis: Dealogic
  • Last updated
  • Today
1 Bank of America Merrill Lynch 133.33 2 7.62%
2 Wells Fargo Securities 83.33 1 4.76%
2 US Bancorp 83.33 1 4.76%
2 TD Securities Inc 83.33 1 4.76%
2 Sumitomo Mitsui Financial Group 83.33 1 4.76%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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For detailed analysis: Dealogic
  • Last updated
  • Today
1 Citi 2,636.08 6 8.44%
2 Barclays 2,499.67 4 8.00%
3 Bank of America Merrill Lynch 2,343.15 5 7.50%
4 JPMorgan 2,303.98 3 7.37%
5 MUFG 2,123.57 3 6.80%