Credit Derivative Product Companies To Flood Mart

A deluge of credit derivative product companies is set to hit the market over the next year and some are looking to attain banking licenses, said panelists discussing CDO innovation.

  • 16 Jun 2006
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A deluge of credit derivative product companies is set to hit the market over the next year and some are looking to attain banking licenses, said panelists discussing CDO innovation. More than a dozen vehicles are in the pipeline in both Europe and the U.S. "There is a flurry of creation on this front," said Hubert Le Liepvre, deputy head of the structured credit group at SG Corporate & Investment Banking.

CDPCs are highly-rated counterparty vehicles which take on risk in the senior part of the capital structure. "[A dozen] is a high number of new entrants into the correlation business," said Anne Wrobel, managing director at monoline Financial Security Assurance. She also noted wryly that CDPCs are "bad news" for monolines because they offer almost the same service but at lower prices.

  • 16 Jun 2006

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 236,051.06 909 8.13%
2 JPMorgan 219,920.61 985 7.57%
3 Bank of America Merrill Lynch 211,822.11 711 7.29%
4 Barclays 183,450.68 662 6.32%
5 HSBC 155,970.52 729 5.37%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 32,467.80 60 6.57%
2 BNP Paribas 32,284.10 130 6.53%
3 UniCredit 26,726.88 122 5.41%
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 %
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  • Today
1 Goldman Sachs 10,167.68 46 8.83%
2 JPMorgan 9,866.02 42 8.57%
3 Citi 8,202.25 45 7.13%
4 UBS 6,098.17 23 5.30%
5 Credit Suisse 5,236.02 28 4.55%