Issuers await clarity on Prospectus Directive implementation

The EU Prospectus Directive, due to be implemented across Europe by July 1, will require borrowers to submit new, directive-compliant prospectuses for debt issuance programmes to their host countries' listing authorities. EuroWeek assesses the impact on MTN borrowers and the efforts being made by the Luxembourg Stock Exchange and the UK Listing Authority ? on which most of Europe's MTN programmes are listed ? to ease the burden on Europe's financial markets.

  • 04 Feb 2005

The goal of the EU Prospectus Directive is to make it easier and cheaper for companies to raise capital throughout the EU, while at the same time reinforcing protection for investors.

As such, it is generally seen as helpful by issuers and bankers. ?In theory ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 239,928.76 921 8.16%
2 JPMorgan 222,471.63 995 7.57%
3 Bank of America Merrill Lynch 215,931.77 721 7.34%
4 Barclays 184,694.55 670 6.28%
5 Goldman Sachs 158,679.40 515 5.40%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 32,522.19 61 6.59%
2 BNP Paribas 32,284.10 130 6.54%
3 UniCredit 26,992.47 123 5.47%
4 SG Corporate & Investment Banking 26,569.73 97 5.38%
5 Credit Agricole CIB 23,807.36 111 4.82%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 10,167.68 46 8.82%
2 JPMorgan 9,894.90 42 8.58%
3 Citi 8,202.25 45 7.11%
4 UBS 6,098.17 23 5.29%
5 Credit Suisse 5,236.02 28 4.54%