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  • PE seeks new exit as MiFID grinds public markets

    Private equity firms are looking at different ways of monetising their investments, rather than the usual IPO routes, as regulation makes smaller firms less viable in the public markets. Alternative capital providers outside the usual buyout community are also boosting their allocations to private assets.

    • 23 Jan 2020
  • Laying it on FICC: trading helps Goldman and Bank of America

    Fixed income, currencies and commodities trading (FICC) has been the clear area of strength in US bank results so far when compared with the fourth quarter of 2018, particularly in rates and mortgages. Underwriting fees have also come in high, but advisory earnings have suffered.

    • 15 Jan 2020
  • Securitization liquidity beats rest of European credit, says BofA

    Liquidity in securitizations is better than in almost all other credit assets classes in Europe, with auto ABS and UK prime RMBS trading on tighter spreads than even covered bonds, analysis from Bank of America’s research team shows.

    • 16 Dec 2019
  • Shell may reveal Sofr terms to help transition

    Royal Dutch Shell is considering releasing the detailed technical terms it has used on its $10bn revolving credit facility linked to the Secured Overnight Funding Rate (Sofr), to help the market with the transition to new interest rate benchmarks.

    • 16 Dec 2019
  • As US banks’ shadow lengthens, Europeans plan their fight back

    Each year brings another retreat for European investment banks, as their seemingly invincible US competitors edge further into the European market. While the Europeans are far from capitulating, the pressure is relentless. As Jasper Cox reports, they are trying to redefine success by concentrating on the markets and segments where they are strongest

    • 13 Dec 2019

Latest market news

  • UK M&A back with a Brexit bounce

    UK defence company BAE Systems announced its biggest acquisition for more than a decade this week, spurring hopes for a wave of UK M&A now the Brexit endgame is in sight.

    • 23 Jan 2020
  • Chinese pharma names flock to ECM market

    There was a burst of activity from Chinese pharmaceutical and biotechnology companies in the equity capital markets this week, as the sector took centre stage following the spread of a flu-like virus that has already claimed lives on the mainland. Jonathan Breen reports.

    • 23 Jan 2020
  • Evergrande floods market with $6bn of bonds

    Hengda Real Estate Group Co, a subsidiary of China Evergrande Group, raised $4bn across two tranches on Tuesday, just days after Evergrande nabbed $2bn from another bond sale.

    • 23 Jan 2020
  • Greater China issuers close out year of the pig

    Three companies from the Greater China region sealed bonds on Tuesday, likely to be the last batch of issuers to tap the debt market before the Chinese New Year break begins. No Asian borrowers launched dollar deals on Wednesday.

    • 22 Jan 2020
  • Zai Lab, Hutchison Chi-Med launch ADS follow-ons

    Chinese biopharmaceutical company Zai Lab has kicked off a follow-on offering of its American Depository Shares. It is aiming to raise around $300m.

    • 22 Jan 2020

Bank of America Merrill Lynch In The Key League Tables

Asset Rank STLY Amount $bn No of issues Share % STLY Share %
  • Last updated
  • Today
Bookrunners of Global DCM 2 6 16.78 57 6.28% 5.17%
All International Bonds 2 6 15.30 50 6.74% 5.81%
Global Syndicated Loan Volume 2 3 0.33 1 15.36% 14.78%
Bookrunners of Global ECM 9 4 0.63 4 2.90% 4.91%
Bookrunners of European Leveraged Loans 7 9.74 45 4.22%
Bookrunners of Global SSA (Excl US Agency) 2 5 6.91 12 9.95% 5.95%
Bookrunners of International Emerging Market DCM 3 29 2.51 6 8.32% 0.36%
Bookrunners of Global FIG 3 5 4.11 15 5.78% 5.23%
Global IB Revenue 3 3 1.24 1262 6.20% 6.36%
Global M&A Revenue 4 4 0.36 114 5.25% 6.06%
Syndicated Loan Revenue 1 2 0.24 374 8.24% 6.83%
Syndicated Loan Revenue - EMEA 13 4 0.01 22 2.59% 4.57%
Equity Capital Markets Revenue 4 4 0.20 75 5.29% 5.42%
Global FIG Revenue 3 5 0.30 590 6.24% 5.77%
EMEA M&A Revenue 4 5 0.11 33 6.18% 6.16%
All Investment Banking Revenue Americas 3 3 0.89 927 8.31% 8.15%
Americas M&A Revenue 5 4 0.21 61 5.07% 6.48%
Equity Capital Markets Revenue - Americas 2 5 0.16 51 8.64% 6.25%
All Corporate Bonds 2 4 5.11 26 6.49% 5.06%
All Sterling Bonds 13 7 0.22 1 1.41% 8.38%
Dollar Denominated DCM 3 4 8.94 37 7.54% 7.06%
Dollar Denominated SSA (Excl US Agency) 4 16 1.90 3 8.67% 0.92%
Bookrunners of Dollar Denominated FIG 5 4 2.57 11 7.68% 9.42%
Bookrunners of Dollar Corporate Investment Grade Bonds 2 5 3.89 15 9.90% 7.69%
Bookrunners of Dollar Denominated HY Bonds 7 1 0.53 7 4.72% 16.44%
Bookrunners of Euro Denominated DCM 3 9 6.31 13 6.87% 5.03%
Bookrunners of European DCM 8 7 5.10 12 4.49% 5.53%
European Sovereign Bonds 5 7 0.83 3 7.84% 3.87%
Bookrunners of Euro Denominated SSA (Excl US Agency) 1 3 4.23 6 11.96% 8.64%
Bookrunners of European Subordinated FIG 14 1 0.17 1 2.69% 23.08%
Bookrunners of European Structured Finance 3 10.30 37 9.36%
Bookrunners of All Syndicated Loans EMEA 8 31.09 101 4.09%
Bookrunners of European Marketed Syndicated Loans 8 31.09 101 4.09%
Bookrunners of Euro Denominated Corporate IG Bonds 11 11 0.55 2 3.82% 3.89%
Bookrunners of European Corporate IG Bonds 10 3 0.55 2 3.78% 7.67%
Bookrunners of CEEMEA International Bonds 2 13 0.98 1 20.67% 0.35%
Bookrunners of Central and Eastern Europe: Loans 11 1.02 13 3.02%
Bookrunners of Middle East and Africa Loans 22 1.10 9 1.52%
Bookrunners of LatAm Emerging Market DCM 5 0.91 2 11.95%
Bookrunners of all EMEA Equity-Linked ECM 10 0.76 4 4.63%
Bookrunners of Asia Pacific (ex-Japan) G3 DCM 5 35 1.05 5 4.53% 0.29%
Bookrunners of Asia-Pac (ex-Japan) ECM 13 5 0.25 1 1.86% 5.88%
Australia DCM 4 0.44 2 6.80%
Dealer League Table KfW 1 1 2.46 2 26.29% 26.81%
Dealer League Table EFSF 11 1.12 1 5.43%
Dealer League Table World Bank 5 4 0.84 1 12.20% 7.16%
Dealer League Table UK 1 3.14 3 11.10%
Dealer League Table Austria 1 1.21 4 100.00%
Dealer League Table IADB 1 5 0.97 2 26.53% 5.31%
Dealer League Table AfDB 7 0.53 3 7.59%
Dealer League Table ADB 2 0.67 3 11.95%
Dealer League Table EBRD 3 0.60 7 6.27%
Dealer League Table BNG 3 7 1.27 6 8.50% 4.76%
Dealer League Table NWB 10 0.44 4 4.39%
Dealer League Table Rentenbank 2 2 0.17 1 22.89% 21.16%
Dealer League Table Kommunekredit 7 0.18 1 5.51%
Dealer League Table Kommuninvest 8 0.31 1 5.02%
Dealer League Table Nordic Investment Bank 16 0.01 1 0.24%
Dealer League Table ESM 7 0.75 1 6.79%
Global Green Bonds 2 1 0.78 1 22.28% 21.73%

All International Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 44.89 154 8.67%
2 JPMorgan 38.43 144 7.42%
3 BofA Securities 30.55 121 5.90%
4 Barclays 29.38 116 5.68%
5 Goldman Sachs 25.17 88 4.86%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 HSBC 0.69 5 12.72%
2 Goldman Sachs 0.59 2 10.80%
3 BofA Securities 0.52 4 9.65%
4 Credit Suisse 0.48 3 8.80%
5 Sumitomo Mitsui Financial Group 0.36 3 6.59%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 1.17 7 12.02%
2 JPMorgan 1.06 8 10.91%
3 Citi 0.98 7 10.10%
4 Goldman Sachs 0.84 4 8.68%
5 Barclays 0.78 8 7.99%