North Korean Uproar Fails To Dent CDS

North Korea's missile launch was the talk of the region's markets last week and jittered equities but the uproar had limited effect on Asian credit-default swaps.

  • 07 Jul 2006
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North Korea's missile launch was the talk of the region's markets last week and jittered equities but the uproar had limited effect on Asian credit-default swaps. "This blew over in about 15 minutes," said a senior trader at a European house without irony. He explained Korea sovereign protection moved out about two basis points mid-week after the news but tightened back in within an hour or so. Five-year protection was trading around a 28 basis point mid-market as DW went to press Thursday.

"This was written off--we've seen this story before," explained the trader. An official at UBS added there was more volatility a month ago in Korean names when the story first broke. "People that were scared pulled out then," he noted.

  • 07 Jul 2006

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 23,474.87 54 9.05%
2 JPMorgan 22,392.03 63 8.64%
3 BNP Paribas 18,479.27 34 7.13%
4 HSBC 16,833.19 48 6.49%
5 Barclays 16,808.93 39 6.48%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 56,371.71 236 6.78%
2 Credit Agricole CIB 50,115.87 240 6.03%
3 JPMorgan 46,785.38 108 5.63%
4 UniCredit 45,665.76 207 5.50%
5 SG Corporate & Investment Banking 43,321.52 173 5.21%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 114.77 1 17.52%
1 BNP Paribas 114.77 1 17.52%
3 Commerzbank Group 65.85 2 10.05%
4 Oakley Advisory Ltd 64.52 1 9.85%
4 Barclays 64.52 1 9.85%