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 345,651.05 1349 8.09%
2 JPMorgan 341,748.87 1469 8.00%
3 Bank of America Merrill Lynch 306,869.45 1064 7.18%
4 Barclays 258,170.48 974 6.04%
5 Goldman Sachs 227,691.73 773 5.33%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 48,305.28 204 6.53%
2 JPMorgan 46,311.15 105 6.26%
3 UniCredit 40,488.91 181 5.48%
4 SG Corporate & Investment Banking 38,348.83 146 5.19%
5 Credit Agricole CIB 37,171.96 185 5.03%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 14,514.87 63 9.19%
2 Goldman Sachs 13,469.15 66 8.53%
3 Citi 9,971.36 58 6.32%
4 Morgan Stanley 8,572.10 54 5.43%
5 UBS 8,414.70 37 5.33%