Latest EMEA Equity-Linked news

  • SoftBank derisks Wirecard investment with startling CB arb

    SoftBank, the Japanese technology conglomerate, astonished equity-linked bond market participants this week by executing a deft trade, arranged by Credit Suisse, that recovered all its €900m investment in Wirecard, the controversial German payments processing company, while leaving it with upside. Aidan Gregory and Jon Hay report.

    • 19 Sep 2019
  • European equity-linked revival continues with new Ubisoft CB

    Ubisoft Entertainment, the French video games developer behind Far Cry and Assassins Creed, issued a five year €526m convertible bond, adding to the wave of issuance in Europe over the past fortnight.

    • 18 Sep 2019
  • US companies pile into convertible bonds

    US firms are turning to the convertible bond market in droves in order to issue cheap debt before a potential global economic downturn.

    • 17 Sep 2019
  • Alibaba drives Best CB debut on NYSE

    Chinese logistics company Best has sealed a $175m convertible bond, benefitting from a jumbo anchor order from Alibaba Group Holding.

    • 16 Sep 2019
  • JP Morgan issues new €400m LVMH synthetic

    JP Morgan this week issued a €400m cash-settled exchangeable on LVMH, the French luxury goods conglomerate, in its latest synthetic outing, raising cheap funding while possibly hedging a derivatives transaction.

    • 11 Sep 2019
  • MTU Aero Engines monetises bull run with €515m convert

    MTU Aero Engines, the German maker of aircraft engines, has issued a €515m convertible bond before being promoted to Germany’s Dax benchmark index later this month.

    • 10 Sep 2019
  • Groupe Bruxelles Lambert crowns blockbuster week for European equity-linked deals

    Groupe Bruxelles Lambert, the Belgian investment company, has launched a €750m bond exchangeable into shares in LafargeHolcim, the Swiss building materials company.

    • 06 Sep 2019
  • Equity-linked bankers expect busy September

    Europe’s equity-linked market restarted with a bang this week, with more than €1.3bn of new supply. A scarcity of deals throughout this year and fears of a deteriorating economic outlook in the region are fueling a strong bid among investors for convertible bonds, particularly those issued by investment grade companies.

    • 05 Sep 2019
  • Investors throng WuXi AppTec’s $300m CB

    WuXi AppTec took advantage of an incredible rally in its stock price and its rarity in the equity-linked market to raise $300m from a convertible bond that was a huge hit with investors. Rashmi Kumar reports.

    • 04 Sep 2019
  • Edenred gets ‘free money’ with debut convert

    Edenred, the French provider of corporate vouchers, has reopened the European equity-linked market after the summer with a €500m sale of convertible bonds due in 2024 that attracted more than 100 investors, according to sources close to the transaction.

    • 03 Sep 2019

Equity-Linked news archive

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Sep 2019
1 JPMorgan 299,908.40 1348 8.58%
2 Citi 269,633.69 1139 7.71%
3 Bank of America Merrill Lynch 233,702.48 955 6.69%
4 Barclays 215,977.22 873 6.18%
5 Goldman Sachs 171,316.37 716 4.90%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 33,565.22 148 7.28%
2 Credit Agricole CIB 33,319.19 143 7.22%
3 JPMorgan 25,404.62 68 5.51%
4 Bank of America Merrill Lynch 23,368.44 65 5.07%
5 SG Corporate & Investment Banking 22,565.04 105 4.89%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 9,273.57 56 10.29%
2 Morgan Stanley 8,122.33 40 9.01%
3 Goldman Sachs 7,738.32 41 8.59%
4 Citi 6,426.54 47 7.13%
5 UBS 4,913.18 26 5.45%