CIBC World Markets top stories

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  • Canadians and Japanese find success with dollars across curve

    A trio of SSA borrowers hit the market for dollar paper this week, testing the waters across the curve and finding investors receptive. Although the top tier names are mostly well funded, demand is still hot for the extra yield offered by the second layer of SSA borrowers.

    • 16 Jul 2020
  • RBA changes boost foreign bank issues

    Two recent policy changes from the Reserve Bank of Australia (RBA) spurred a pair of foreign banks to scoop A$3.2bn ($2.2bn) from the bond market this week. An expansion of repo-eligibility and a term funding facility for domestic banks have freed up the funds to drive the bumper deals, according to a banker at one of Australia's big four banks.

    • 04 Jun 2020
  • Foreign duo mandate Aussie dollar deals

    A pair of foreign banks mandated senior unsecured Australian dollar transactions on Monday: Sumitomo Mitsui Banking Corp is out with initial price thoughts through its Sydney branch, while the Canadian Imperial Bank of Commerce is preparing a Kangaroo benchmark.

    • 01 Jun 2020
  • Finland returns to busy dollar market

    The Republic of Finland had to share its return to dollar market on Wednesday with a trio of three year SSA deals. Demand for dollar SSA bonds has been strong this week, and with mandates out for five and seven year deals,issuers are still looking to take advantage

    • 13 May 2020
  • Rare issuers jump back into Swissies

    Infrequent issuers are slowly returning to the Swiss franc market. During the past week, Eurofima brought its first Swissies deal in six years, while biotech firm Lonza printed its first bond in any currency since 2017.

    • 08 Apr 2020
  • Swissies pick up as investors return to market

    Having dropped off in early March, Swiss franc issuance has bounced back in the last fortnight, buoyed by returning investors flocking to low investment-grade rated borrowers, like triple-B rated cement manufacturer LafargeHolcim, and piling into a record-breaking foreign covered bond.

    • 02 Apr 2020
  • OSFI releases Canadian covered bond liquidity bottleneck

    A leading covered bond investor has reacted positively to a series of measures announced by Canada’s Office of the Superintendent of Financial Institutions’ (OSFI) which have effectively provided stable access to emergency funding, including a temporary increase in the amount of covered bonds the country's banks can issue. The move comes after a heavy spell of supply that had sparked concerns that Canadian banks were struggling for cash.

    • 31 Mar 2020
  • Canada banks tap covereds again as Europeans look on

    Europe's bank funding officials are not certain how their borrowing plans are likely to change but seem agreed there is little point in hitting the primary market until serious liquidity returns, That has given Canada's banks the run of the place with this week with another deal emerging from Canadian Imperial Bank of Commerce on Friday.

    • 20 Mar 2020
  • Canadian banks head to euro covered bonds in search of liquidity

    Royal Bank of Canada, Bank of Montreal and Toronto Dominion Bank all issued euro covered bonds in good size this week, finding big savings over senior unsecured issuance. One leading investor said bringing these deals in a fragile market was opportunistic and reflected The Bank of Canada's more restrictive provision of emergency liquidity than in Europe.

    • 19 Mar 2020
  • Canadian bank trio try covered bond market but others will seek ECB refuge

    Royal Bank of Canada, Toronto Dominion Bank and Canadian Imperial Bank of Commerce all attempted to access the covered bond market on Tuesday with euros clearly showing more depth than sterling. The fact the three issuers were in the market simultaneously, whilst a fourth was monitoring the market, is not coincidental and contrasts with European and UK issuers that already have a central bank liquidity life line.

    • 17 Mar 2020

CIBC World Markets In The Key League Tables

Asset Rank STLY Amount $bn No of issues Share % STLY Share %
  • Last updated
  • Today
Bookrunners of Global SSA (Excl US Agency) 22 27 13.95 71 1.09% 0.97%
Equity Capital Markets Revenue 17 23 0.06 36 1.59% 0.85%
All Investment Banking Revenue Americas 19 25 0.11 181 1.07% 0.72%
Equity Capital Markets Revenue - Americas 12 18 0.06 36 3.27% 1.64%
Dollar Denominated SSA (Excl US Agency) 23 25 1.73 4 0.51% 0.60%
Bookrunners of European Structured Finance 23 30 0.13 1 0.42% 0.23%
Dealer League Table EIB 20 25 0.30 2 0.52% 0.35%

All International Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 363.99 1345 9.26%
2 BofA Securities 314.68 1179 8.00%
3 Citi 304.30 1133 7.74%
4 Goldman Sachs 217.81 752 5.54%
5 Barclays 204.02 814 5.19%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 59.40 114 14.38%
2 Credit Agricole CIB 27.53 89 6.66%
3 Santander 24.52 81 5.93%
4 JPMorgan 22.41 58 5.42%
5 UniCredit 20.18 90 4.88%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 6.62 34 15.76%
2 Credit Suisse 4.93 20 11.75%
3 BofA Securities 3.82 23 9.10%
4 JPMorgan 3.35 25 7.98%
5 Morgan Stanley 2.83 11 6.73%