Corporate hybrids: not if, but who and when

Whispers about the return of corporate hybrids have grown louder, with bankers now confident such a structure would find demand. But some key obstacles remain, namely finding the right issuer and overcoming ratings methodology changes for hybrids, which could dampen investors’ enthusiasm.

  • 20 Oct 2009
It was the first corporate hybrid capital bond in Europe since a one-off deal in 2008, but it failed to set the market alight when it was launched two weeks ago. When Hero, the privately-owned Swiss jam maker, priced a Sfr400m 6.5% perpetual non-call seven year issue on ...

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.

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 260,621.66 1168 8.50%
2 Citi 237,013.77 993 7.73%
3 Bank of America Merrill Lynch 202,064.03 831 6.59%
4 Barclays 188,016.56 770 6.13%
5 Goldman Sachs 146,834.39 610 4.79%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 31,872.91 136 7.74%
2 Credit Agricole CIB 27,567.28 117 6.69%
3 JPMorgan 23,570.89 63 5.72%
4 Bank of America Merrill Lynch 23,072.58 63 5.60%
5 UniCredit 20,250.58 112 4.91%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 8,332.08 50 10.24%
2 Morgan Stanley 7,744.92 38 9.52%
3 Goldman Sachs 7,137.68 38 8.77%
4 Citi 5,856.44 44 7.20%
5 UBS 4,823.67 25 5.93%