Investors rethink exposure as bad news trips market

Poor economic news, volatile stock markets, fresh fears of Al-Qaida terrorism and a 30bp rally in Treasuries left bond investors floundering this week and re-appraising their exposure to corporate bonds.

  • 12 Mar 2004

With stock exchanges in London and other European capitals suffering their biggest one-day falls since last May yesterday (Thursday), credit product is unlikely to be in favour with European investors until the market stabilises.

Late on Thursday bankers were suggesting that deals being prepared for ...

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All International Bonds

Rank Lead Manager Amount $b No of issues Share %
  • Last updated
  • Today
1 JPMorgan 370.70 1703 8.43%
2 Citi 338.00 1440 7.68%
3 Bank of America Merrill Lynch 290.28 1254 6.60%
4 Barclays 259.48 1092 5.90%
5 HSBC 216.86 1191 4.93%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $b No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 41.27 194 7.05%
2 Credit Agricole CIB 38.30 162 6.54%
3 JPMorgan 31.31 86 5.35%
4 UniCredit 27.27 145 4.66%
5 Bank of America Merrill Lynch 26.70 83 4.56%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $b No of issues Share %
  • Last updated
  • Today
1 JPMorgan 11.53 77 9.40%
2 Morgan Stanley 11.15 54 9.09%
3 Goldman Sachs 10.36 56 8.44%
4 Citi 8.20 64 6.68%
5 UBS 5.68 33 4.62%