CIBC World Markets top stories

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  • 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
  • Ontario prints its first DMTN green bond

    Ontario printed a first green bond off its domestic medium term note programme this week, and the deal was over six times covered. Demand for green provincial paper is high, with Ontario coming a week after neighbouring Quebec.

    • 13 Feb 2020
  • Sustainable lending breaks new ground as WSP signs

    Canadian professional services firm WSP Global has signed a sustainability-linked syndicated loan, as the lending structure that allows a proxy green financing for revolving credit facilities pushes into new sectors.

    • 05 Feb 2020
  • BofA smashes hybrid record with 4.3% coupon

    Records tumbled in the US bond market this week, as Bank of America and Toronto Dominion set new pricing records.

    • 23 Jan 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) 24 23 8.98 48 1.06% 1.11%
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) 25 22 1.23 3 0.51% 0.80%
Bookrunners of European Structured Finance 20 0.13 1 0.57%
Dealer League Table EIB 18 0.30 2 0.64%

All International Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 271.77 900 9.69%
2 BofA Securities 230.38 802 8.22%
3 Citi 225.56 749 8.04%
4 Goldman Sachs 154.73 485 5.52%
5 Barclays 151.95 557 5.42%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 56.48 82 18.88%
2 Santander 21.22 55 7.10%
3 Credit Agricole CIB 19.14 50 6.40%
4 HSBC 16.91 50 5.65%
5 Deutsche Bank 15.71 46 5.25%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 3.53 20 13.80%
2 Credit Suisse 3.26 8 12.77%
3 Morgan Stanley 2.58 8 10.11%
4 BofA Securities 2.56 15 10.01%
5 JPMorgan 1.75 14 6.85%