Indian Market Readies I-Rate Futures Re-Launch

Indian fixed income traders are preparing for the return of interest rate futures in the coming weeks.

  • 08 Apr 2005
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Indian fixed income traders are preparing for the return of interest rate futures in the coming weeks. An initial futures contract was issued last year on the National Stock Exchange of India, but it was shunned because traders did not think the complex formula, which looked at the theoretical zero-coupon bond curve values, did not appropriately reflect market movements.

"The systems, infrastructure are in place--everything is ready, we're just waiting for the sign off," said Jayesh Mehta, head of debt at DSP Merrill Lynch in Mumbai.

The upcoming redesigned contract is expected to be linked more clearly to actively traded government bonds and should be more liquid, noted traders. "This will help the market and allow traders to go short," said another fixed income official.

  • 08 Apr 2005

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 241,652.19 924 8.19%
2 JPMorgan 223,721.63 996 7.58%
3 Bank of America Merrill Lynch 216,064.78 722 7.32%
4 Barclays 184,894.55 671 6.27%
5 Goldman Sachs 158,954.58 518 5.39%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 32,522.19 61 6.59%
2 BNP Paribas 32,284.10 130 6.54%
3 UniCredit 26,992.47 123 5.47%
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 %
  • Last updated
  • Today
1 Goldman Sachs 10,167.68 46 8.82%
2 JPMorgan 9,894.90 42 8.58%
3 Citi 8,202.25 45 7.11%
4 UBS 6,098.17 23 5.29%
5 Credit Suisse 5,236.02 28 4.54%