In the Bleak Midsummer...

We all know about the healing power of laughter, but it's worth also remembering what music can do. With that in mind, EuroWeek offers the market this variant of a favourite Christmas carol, updated for our times.

  • 19 Jul 2011
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In the bleak midsummer, markets gave a groan,
Sovereign yields were soaring, shares sank like a stone,
Debt had risen, debt on debt, deh-eh-et on debt,
In the bleak midsummer, very very wet.

Greek debt, banks do not want it, nor the ECB;
Real money shall flee away, Moody's, S&P.
In the bleak midsummer, adding to the mess,
What better way to make things worse — a test of banking stress.

Banks and central bankers may have gathered there;
Merkel and Tremonti poisoning the air;
But the hedge funds only, in their shorting bliss,
Worshipped widening spreads and the debt crisis.

What can I give Greece, poor as I am?
If I were a banker, I would give a damn,
If I were a Wise Man, I would kick the can,
Yet what I can I give it: give my bonds back as part of a distressed debt tender and thank my lucky stars I've got out of that mess.


(With apologies to Christina Rosetti)

  • 19 Jul 2011

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 20,041.00 34 7.66%
2 Citi 18,215.95 71 6.97%
3 JPMorgan 16,098.67 49 6.16%
4 Goldman Sachs 15,821.46 36 6.05%
5 HSBC 15,568.27 47 5.95%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 48,528.41 214 6.32%
2 Deutsche Bank 44,075.51 161 5.74%
3 BNP Paribas 41,452.79 240 5.40%
4 JPMorgan 37,278.65 134 4.85%
5 SG Corporate & Investment Banking 36,258.27 187 4.72%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 1,607.28 5 28.64%
2 Credit Suisse 1,301.65 4 23.20%
3 BNP Paribas 522.35 4 9.31%
4 SG Corporate & Investment Banking 444.17 3 7.92%
5 Morgan Stanley 331.78 2 5.91%