ING Readies First Emerging Mart CDO

ING Financial Markets is road showing a EUR100 million (USD117 million) emerging market collateralized debt obligation.

  • 23 Nov 2005
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ING Financial Markets is road showing a EUR100 million (USD117 million) emerging market collateralized debt obligation. The single-tranche, static deal is the firm's first arbitrage synthetic transaction and also its first to reference emerging market credit-default swaps. An official familiar with the trade said ING selected the high yield underlyings because of its bullish view on emerging market names, as well as the potential spread pickup it offers investors. Structuring officials at ING declined comment. The underlying portfolio comprises 25 CDS on emerging market sovereigns and corporates in Eastern Europe, Latin America and Asia. Expected to close next month, the five-year transaction is being marketed to institutional clients in Europe. It is named Mondriaan after the Dutch painter and has not yet been priced.

  • 23 Nov 2005

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 24,891.71 88 7.80%
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3 Barclays 22,049.34 45 6.91%
4 Goldman Sachs 17,809.03 44 5.58%
5 HSBC 17,636.79 61 5.53%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 HSBC 48,528.41 214 6.32%
2 Deutsche Bank 44,075.51 161 5.74%
3 BNP Paribas 41,452.79 240 5.40%
4 JPMorgan 37,278.65 134 4.85%
5 SG Corporate & Investment Banking 36,258.27 187 4.72%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 Goldman Sachs 1,607.28 5 23.24%
2 Credit Suisse 1,301.65 4 18.82%
3 UBS 970.80 3 14.04%
4 BNP Paribas 522.35 4 7.55%
5 SG Corporate & Investment Banking 444.17 3 6.42%