SocGen Touts Santander, UniCredit CDS Play

Investors anticipating further compression in credit default swaps on European financial names should sell senior UniCredit CDS and buy protection on Santander CDS, according to Société Générale.

  • 08 May 2013

Investors anticipating further compression in credit default swaps on European financial names should sell senior UniCreditCDS and buy protection on Santander CDS, according to Société Générale.

“We anticipate more CDS compression,” Juan Valencia, a credit strategist at SocGen in Paris, told DI. “Factoring in Santander’s relatively uninspiring Q1 ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 23,474.87 54 9.05%
2 JPMorgan 22,392.03 63 8.64%
3 BNP Paribas 18,479.27 34 7.13%
4 HSBC 16,833.19 48 6.49%
5 Barclays 16,808.93 39 6.48%

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1 BNP Paribas 56,371.71 236 6.78%
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1 Morgan Stanley 114.77 1 17.52%
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