Apple Delisting Concerns Prompt Doc Checkup

Lawyers and dealers have been checking up on documentary provisions for equity derivatives linked to Apple, since Nasdaq warned the stock may be delisted because of a delay in its quarterly filing.

  • 25 Aug 2006
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Lawyers and dealers have been checking up on documentary provisions for equity derivatives linked to Apple, since Nasdaq warned the stock may be delisted because of a delay in its quarterly filing. While most view a delisting as unlikely, it is a popular reference entity for U.S. retail investment products such as reverse convertibles.

One senior equity derivatives official at a firm which has issued apple-referenced investment notes said the Nasdaq warning served as a reminder to check up on documentary provisions for a delisting event. A lawyer explained a delisting would likely either count as a disruption event, or an event that would trigger the calculation agent to substitute the stock for another.

  • 25 Aug 2006

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 279,044.54 1077 8.14%
2 JPMorgan 269,727.78 1175 7.87%
3 Bank of America Merrill Lynch 252,265.52 846 7.36%
4 Barclays 208,923.91 770 6.10%
5 Goldman Sachs 186,335.71 608 5.44%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 35,544.70 147 6.51%
2 JPMorgan 32,630.93 64 5.98%
3 UniCredit 29,482.91 134 5.40%
4 SG Corporate & Investment Banking 29,116.48 111 5.33%
5 Credit Agricole CIB 26,776.31 135 4.90%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 11,322.29 47 9.04%
2 Goldman Sachs 10,369.68 49 8.28%
3 Citi 9,112.07 51 7.28%
4 UBS 6,515.43 25 5.20%
5 Morgan Stanley 6,436.97 42 5.14%