Secondary slow on back of pitiful primary

Investors disappointed with the tiny volumes of leveraged loan issuance in the European primary market are having little luck finding paper in the secondary market, said loan traders this week, as a dearth of new loans makes sellers a rare species in the aftermarket.

  • 11 May 2012
One investor said the aftermarket felt the quietest he had ever known it, and Markit’s secondary loan volume survey this week showed he was not far wrong: loan trading volume in Europe was down 11% year on year at €13.98bn for the first quarter of 2012 — the ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 12,659.07 70 5.35%
2 UniCredit 12,127.14 83 5.12%
3 LBBW 10,943.55 71 4.62%
4 UBS 10,837.07 59 4.58%
5 Natixis 10,799.35 60 4.56%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 78,014.43 337 6.02%
2 Citi 77,214.69 400 5.96%
3 Bank of America Merrill Lynch 76,404.26 306 5.89%
4 Goldman Sachs 70,389.57 603 5.43%
5 Morgan Stanley 66,720.45 378 5.15%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 64,244.12 239 10.43%
2 Bank of America Merrill Lynch 64,209.48 258 10.42%
3 Citi 60,404.95 302 9.81%
4 Goldman Sachs 53,708.88 538 8.72%
5 Morgan Stanley 51,811.54 295 8.41%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 7,883.86 30 6.98%
2 LBBW 6,252.10 27 5.53%
3 Deutsche Bank 6,252.08 21 5.53%
4 UniCredit 6,211.91 25 5.50%
5 Credit Agricole CIB 6,198.22 24 5.48%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 May 2016
1 Morgan Stanley 365.83 497 7.62%
2 JPMorgan 332.66 618 6.92%
3 Bank of America Merrill Lynch 299.89 590 6.24%
4 Goldman Sachs 276.71 375 5.76%
5 Citi 264.54 592 5.51%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 HSBC 7,584.11 21 12.61%
2 Barclays 4,776.16 18 7.94%
3 BNP Paribas 4,744.51 21 7.89%
4 Credit Suisse 4,518.72 16 7.51%
5 UBS 3,877.49 18 6.45%