Deutsche Bank

Bank Nederlandse Gemeenten started January with a bang, roaring out of the blocks with an oversubscribed book on the year’s first euro deal, and printing its largest ever 10 year benchmark in the currency.

Credit Suisse and UBS dominated Dealogic’s European FIG bookrunner rankings for 2015, helped by their issuer parents cranking up their issuance of holdco and capital instruments.

Bank Nederlandse Gemeenten is the solitary public sector borrower in the euro market so far this year, with a public holiday across much of Europe likely to limit issuance in the currency this week.

A pair of SSA heavyweights are limbering up for the first public sector dollar benchmarks since the US Federal Reserve raised rates late in 2015 — and plenty more could follow ahead of the next Fed conflab.

A $1.5bn refinancing for Tata Steel that went into senior syndication in early December has been funded by 17 lenders.

The GlobalCapital editorial team has picked what it believes to be the standout bond issues of 2015 across the corporate, public sector, financial institution and emerging market bond markets. Below are the Corporate Deals of the Year 2015. We selected the trades that we think will be remembered for their success in challenging conditions, for making the best use of the demand available to them, or for having made a longer lasting impact, such as the re-opening of a market. The winners are presented here.

The GlobalCapital editorial team has picked what it believes to be the standout bond issues of 2015 across the corporate, high yield, public sector, financial institution and emerging market bond markets. Below are the High Yield Deals of the Year 2015.

Nyrstar, the Belgian zinc and lead producer, failed to reach a quorum at an extraordinary general meeting in Brussels today to approve its rescue rights issue. But it had expected this, and is confident the capital raising will be approved at a second EGM in January.

After an eventful year for European corporate bonds, HSBC has ousted BNP Paribas as top bookrunner for European issuers, though BNPP stays top for all corporate issues in euros.

Kathrein, the German communications technology manufacturer, has signed a €350m revolving credit facility for refinancing purposes.

Citi held onto its top spot in the CEEMEA bond league tables this year and continued its grab of market share even though absolute volumes were destroyed. Meanwhile, Deutsche Bank, BNP Paribas and Goldman Sachs lost ground as Barclays, Société Générale, Unicredit and Standard Chartered Bank rose through the ranks.

Deutsche Bank analysts are expecting a strong 2016 for European bank credit, with tier two in particular tipped to outperform.