Indian I-Rate Options Expected By Year-End

Derivatives professionals in India expect a domestic interest rate options market to take off by the end of the year.

  • 22 Apr 2005
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Derivatives professionals in India expect a domestic interest rate options market to take off by the end of the year. "Change is in the air," said a senior official at a European bank. Market liberalization is gaining momentum, following positive remarks made by the finance minister about over-the-counter derivatives in the annual budget speech (DW, 3/4).

The onshore interest rate swap market continues to grow and an onshore FX options market has taken flight since late 2003 (DW, 7/13/03). Interest rate options are seen as the next step in market development, potentially to be followed by credit derivatives in the coming years, noted fixed income traders.

  • 22 Apr 2005

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 163,028.47 711 8.04%
2 Citi 160,005.15 642 7.90%
3 Bank of America Merrill Lynch 132,268.74 528 6.53%
4 Barclays 127,185.71 494 6.28%
5 HSBC 106,407.22 534 5.25%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 12,912.95 35 6.60%
2 BNP Paribas 12,334.48 61 6.31%
3 UniCredit 11,196.47 58 5.73%
4 Citi 9,580.75 37 4.90%
5 Deutsche Bank 8,953.95 35 4.58%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 5,578.64 26 10.66%
2 JPMorgan 4,866.13 28 9.30%
3 Goldman Sachs 4,404.70 21 8.41%
4 Citi 3,774.39 24 7.21%
5 UBS 3,602.23 16 6.88%