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Latest market news

• Levfin set for lively August, IG keeps the pressure on

  Europe’s leveraged finance markets are having a hard time slowing down for their traditional summer break. Investors are willing to keep deploying cash and issuers are responding, with several deals scheduled to be priced in the next two weeks.

  • 01 Aug 2018

• Eurofins lands €550m Schuldschein, Pirelli €525m as market returns to health

  French laboratory testing company Eurofins Scientific and Italian tyre company Pirelli have closed Schuldscheine totalling more than €1bn in the past week.

  • 30 Jul 2018

• High yield bankers keen to push on in August

  Some fund managers and underwriters are gearing up to keep Europe’s high yield market open during August, as borrowers show more willingness to bring new paper during a traditionally quiet month.

  • 23 Jul 2018

• Altice fends off cov guardians to show coupon is king

  Concerns from some fund managers about the terms of Altice’s new €2.5bn-equivalent bond were swamped by orders from other investors eager to bag single-B paper with a big coupon from a core high yield issuer. After a series of successful investor push-backs on deal terms, the debt laden French telecom proved this week that borrowers still can walk away with loose covenants, writes Victor Jimenez.

  • 19 Jul 2018

• Schuldschein arrangers vindicated as market bounces back and regains lost ground

  The Schuldschein market is back to its active self with over 20 borrowers marketing deals. This is sweet vindication for arrangers, who’ve had to deal with concerns after borrowers Steinhoff and Carillion fell from grace at the end of 2017 and start of 2018.

  • 17 Jul 2018

ING In The Key League Tables

Asset	Rank	STLY	Amount $m	No of issues	Share %	STLY Share %
For detailed analysis:
Last updated 14 Aug 2018
Bookrunners of European Leveraged Loans	13	10	5,367.30	32	2.86%	3.63%
Bookrunners of International Emerging Market DCM	22	25	3,821.37	28	0.97%	0.93%
Syndicated Loan Revenue	16	17	48.09	118	1.68%	1.54%
Syndicated Loan Revenue - EMEA	3	9	31.21	74	5.90%	3.66%
EMEA M&A Revenue	20	18	16.27	20	0.88%	0.83%
All Sterling Bonds	22	32	497.92	4	0.38%	0.22%
Bookrunners of Dollar Denominated HY Bonds	20	25	1,776.91	17	1.14%	0.73%
Bookrunners of Euro Denominated DCM	17	20	22,815.63	107	2.32%	1.60%
Bookrunners of European DCM	20	24	22,370.88	108	1.57%	1.14%
European Sovereign Bonds	16	17	3,087.00	3	2.38%	1.99%
Bookrunners of Euro Denominated SSA (Excl US Agency)	21	21	4,691.97	17	1.38%	1.30%
Bookrunners of Global Covered Bonds	22	33	3,287.58	15	1.85%	1.08%
Bookrunners of Euro Denominated Covered Bond Above €500m	15	24	2,798.50	11	3.12%	1.17%
Bookrunners of European Subordinated FIG	20	22	473.32	2	1.10%	0.96%
Bookrunners of European Structured Finance	21	25	1,085.90	3	1.36%	0.46%
Bookrunners of European HY Bonds	17	22	1,003.54	13	1.89%	1.29%
Bookrunners of All Syndicated Loans EMEA	10	8	17,025.39	94	3.45%	4.36%
Bookrunners of European Marketed Syndicated Loans	10	8	17,025.39	94	3.45%	4.36%
Bookrunners of Euro Denominated Corporate IG Bonds	9	16	8,975.37	39	4.35%	2.42%
Bookrunners of European Corporate IG Bonds	15	19	8,311.86	34	2.65%	1.80%
Bookrunners of CEEMEA International Bonds	20	14	1,691.98	10	1.27%	1.93%
Bookrunners of Central and Eastern Europe: Loans	2	3	2,438.97	19	8.92%	8.24%
Bookrunners of Middle East and Africa Loans	15	25	867.66	6	1.80%	0.54%
Bookrunners of G3 Syndicated Loans (Asia Pacific ex-Japan)	15	15	1,541.32	14	2.21%	2.20%
Dealer League Table EIB	18	24	572.02	5	1.07%	0.47%
Dealer League Table IFC	22	16	19.95	2	0.23%	0.12%
Dealer League Table Italy	3	7	2,144.61	1	10.82%	4.02%
Dealer League Table Belgium	5	4	1,100.56	1	9.47%	9.86%
Dealer League Table EBRD	16	15	40.74	5	0.64%	0.08%
Global Green Bonds	8	34	2,526.91	9	3.27%	0.76%