Credit Suisse

Extraordinarily low volumes of new bonds this year meant that 2015 rivalled the financial crisis of 2008-2009 for the pace of high profile CEEMEA staffing changes on syndicate and DCM. Where are they all now?

Commerzbank this week became the latest bank to lose its place on a sovereign’s list of primary dealerships, raising a familiar, weary groan from SSA bankers worried about the future of the model — but the head of a major eurozone sovereign has said that issuers are on the banks’ side.

Terex, the US lifting and material solutions company, has allocated $900m equivalent across two term loan facilities yesterday, widening the pricing on both.

Market participants expect a large step up in senior holdco issuance early next year, putting further pressure on spreads and pushing issuers further afield for funding.

The Islamic Republic of Pakistan has raised a new $300m 18 month loan, making a rapid return to the syndicated market.

Pfandbriefbank, the Swiss mortgage lender, printed a dual tranche covered bond on Friday, drawing strong demand from local insurance companies and pension funds for the longer tranche of the deal.

Oil services company Fugro on Thursday cut the size of its credit facilities from €775m to €500m, with one bank dropping from out of the lending group.

Citic Securities, one of China's top brokerages, is in the headlines for the wrong reasons again after two of its top bankers went missing.

Latvia has provided the only point of CEEMEA new issue activity this week so far, though the sovereign is shifting out of the emerging market universe.

Kazmunaigas (KMG) is repurchasing $3.4bn of bonds across its outstanding 2043s, 2044s, 2023s, 2025s, 2020s and 2021s.

For the third part of our annual awards, we cover Best Local Currency Bond, Best Securitization, Best High Yield Bond, Best Investment Grade Corporate Bond, Best Financial Bond, Best Sovereign Bond, Best Local Currency Bond House and Best G3 Bond House.

Simon Cox is joining Credit Suisse as managing director and co-head of equity capital markets for Australia, leaving UBS where he worked since 2008.