Banks Pitch CMCDS In Japan

Foreign houses in Japan, including Deutsche Bank and JPMorgan, have started marketing constant maturity credit-default swaps referenced to domestic credits with the belief that wider credit spreads could spark interest in the coming months.

  • 22 Oct 2004
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Foreign houses in Japan, including Deutsche Bank and JPMorgan, have started marketing constant maturity credit-default swaps referenced to domestic credits with the belief that wider credit spreads could spark interest in the coming months.

One credit trader said there is not much interest at the moment, but the skyrocketing price of oil may add more volatility to the market in the coming months.

The products have gained in popularity in Europe over the last year with investors looking for ways of generating premium without being locked out of any future widening in spreads.

  • 22 Oct 2004

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 %
  • Last updated
  • Today
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 %
  • Last updated
  • 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%