GFI Brokers First Inter-Dealer Tranchelet

GFI Group brokered its first European inter-dealer tranchelet trade on Tuesday.

  • 17 Feb 2006
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GFI Group brokered its first European inter-dealer tranchelet trade on Tuesday. Mike Binns, an official in London, said the EUR10 million, five-year transaction was in the series four iTraxx 1-2% tranche and traded at 1090 basis points running with a 36 bps reference. He declined to name the counterparties.

Tranchelets are thin slices of the equity tranches in the credit derivatives indices (DW, 1/6). The deals have been gaining ground since credit houses began quoting two-way pricing on the instruments last month (DW, 1/20). Binns said GFI is receiving pricing support from a handful of dealers and expects to work on 0-1% and 2-3% tranches, and seven- and 10-year transactions, this month. "This market won't explode, but there is good demand," he noted.

  • 17 Feb 2006

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 134,743.10 557 8.28%
2 Citi 127,287.75 499 7.83%
3 Bank of America Merrill Lynch 106,110.85 421 6.52%
4 Barclays 101,992.87 397 6.27%
5 Deutsche Bank 82,349.11 329 5.06%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 Bank of America Merrill Lynch 11,525.35 30 7.10%
2 UniCredit 8,810.53 47 5.43%
3 BNP Paribas 8,639.54 48 5.33%
4 Deutsche Bank 8,298.69 30 5.12%
5 Commerzbank Group 8,007.20 41 4.94%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Morgan Stanley 4,430.39 19 11.13%
2 Goldman Sachs 4,006.06 15 10.06%
3 Citi 3,572.77 22 8.97%
4 JPMorgan 2,809.08 19 7.05%
5 UBS 2,281.21 12 5.73%