GLOBAL SYNDICATED LOANS REVIEW MANAGING UNDERWRITERS. REUTERS / Gonzalo Fuentes
|
|
- Stuart Robbins
- 6 years ago
- Views:
Transcription
1 GLOBAL SYNDICATED LOANS REVIEW MANAGING UNDERWRITERS REUTERS / Gonzalo Fuentes First Quarter
2 First Quarter MANAGING UNDERWRITERS SYNDICATED LOANS REVIEW Global Syndicated Loans Global Deals Intelligence Leading Underwriters for Table of Contents EMEA Mandated Lead Arrangers (R) 7 European Leveraged Loans (P) Global Loans s (R) EMEA Sponsored Loans (P) Global Debt & Syndicated Loans (DL) Global Loans Mandated Arrangers (R) Top Global Syndicated Loans Global Scorecard Global Loans Rankings Last Ten Years Asia Pacific (Excl. Japan) Syndicated Loans Asia & Australia Deals Intelligence Top Asia Syndicated Loans Asia Loans Asian Currency (Si) Asia Loans s (Sc) Americas Syndicated Loans Asia Loans Mandated Arrangers (Sb) Americas Deals Intelligence Top Americas Syndicated Loans Australia Loans s (S7) Top Australia Syndicated Loans Americas Loans s (R7) Australia Loans Mandated Arrangers (Sa) Americas Loans Mandated Arrangers (Rc) US Loans s (R) North America Loans s (R) US Leveraged Loans s (Ra) US Investment Grade Loans s (Rb) Latin America Loans Mandated Lead Arrangers (R) EMEA Syndicated Loans EMEA Deals Intelligence 7 Top EMEA Syndicated Loans 7 EMEA s (R7) 7 Japan Syndicated Loans Japan Deals Intelligence Top Japan Syndicated Loans Japan Loans s (Sb) Japan Loans Mandated Arrangers (Sa) Ranking Criteria Summary Syndicated Loans Criteria Summary Regional Contacts Thomson Reuters Solutions for the Deal Making Community
3 First Quarter MANAGING UNDERWRITERS SYNDICATED LOANS REVIEW Global Syndicated Lending Totals US$ billion, down 7% from I US Loans Account for % Europe Lending Down % I Tops Rankings Global Deals Intelligence GLOBAL SYNDICATED LENDING FALLS 7% FROM Global syndicated lending reached US$. billion during the first quarter of, a 7% decrease compared to the first quarter of and the slowest threemonth period for lending since the third quarter of. Lending activity during the first quarter quarter saw a % decrease from the fourth quarter of. Nearly, transactions closed during the quarter, a decrease of % compared to the first quarter of. AQUISITION FINANCING CONTINUES DURING FIRST QUARTER Abbvie secured a US$. billion financing package to fund its US$. billion acquisition of Pharmacyclics, topping the list of syndicated loans closed during first quarter of. Other notable acquisitionrelated loans included AT&T s US$. billion facility and Dollar Tree s $. billion loan to fund its purchase of Family Dollar Stores. US LENDING ACCOUNTS FOR % OF ACTIVITY Americas loans accounted for % of global loan volume during the first quarter of, as lending in the region decreased by 7% from the same period last year. Within the Americas, loan volume in the United States totaled US$. billion, down % compared to the same period last year and representing % of global volume. Europe accounted for % of global volumes as lending decreased by % compared to the first quarter of. Asia Pacific fundraising saw a yearoveryear decrease of %, while Japanese lending fell % compared to the first quarter of. ENERGY & POWER, FINANCIALS & INDUSTRIALS LEAD LENDING Borrowing in the Energy &Power sector totaled US$. billion during the first quarter of, accounting for % of global loan activity, up % from global lending in the sector during the first quarter of. Healthcare and Consumer Products lending saw the largest yearoveryear declines, down of % and %, respectively. Energy & Power, Industrials and Financials together accounted for % of syndicated loan volume during the first quarter of, compared to % a year ago. BANK OF AMERICA MERRILL LYNCH TOPS BOOKRUNNER RANKINGS secured the top ranking for global bookrunners, by proceeds, with US$.7 billion from transactions during the first quarter of, an increase of. market share points compared to the first quarter of. JP Morgan fell to second place, with US$. billion or 7.% of overall loan proceeds during the first quarter of, a loss of. market share points from a year ago. SYNDICATED LENDING FEES DOWN % According to Thomson Reuters/Freeman Consulting, bookrunning fees from global syndicated loans totaled US$. billion during the first quarter of, a decrease of % from last year. Fees from leveraged lending decreased % compared to a year ago and accounted for % of all lending fees during the first quarter of. Leading Underwriters During the First Quarter Market Sector Global Loans (R) Americas Loans (R7) North American Loans (R) US Loans (R) US Leveraged Loans (Ra) US Investment Grade Loans (Rb) Latin America Loans (R) Latin America Loans (R) EMEA Loans (R7) EMEA Leveraged Loans (P) AsiaPacific ex. Japan ex. Australia (Sb) AsiaPacific ex. Japan ex. Australia (Sc) Japan Loans (Sa) Japan Loans (Sb) Australian Loans (S7) Current Qtr Market Share Mkt. Share Chg. No. Manager (%) from Last Qtr (%) JP Morgan.. Deutsche Bank.. Industrial & Comm Bank China.. Industrial & Comm Bank China ANZ Banking Group. 7. Global Syndicated Loans Volume Proceeds (US$t) $. $. $. $. $. $. Q Volume (US$t) Q Volume (US$t) Q Volume (US$t) Q Volume (US$t) Global Loans s (R) Proceeds per (US$m) # of Deals per Imputed Fees (US$m) Rank Rank Proceeds Share % Share Ch. Deals Share % # of Deals Fees Share % Share Ch., JP Morgan, Mitsubishi UFJ Financial Group, , Wells Fargo & Co, , Sumitomo Mitsui Finl Grp Inc 7, Morgan Stanley 7, HSBC Holdings PLC, Deutsche Bank, Barclays, BNP Paribas SA, RBS, RBC Capital Markets, Goldman Sachs & Co, Credit Agricole CIB, US Bancorp 7, Credit Suisse, PNC Financial Services Group, BMO Capital Markets, Industrial & Comm Bank China, Bank of China Ltd, Societe Generale 7, TD Securities Inc 7, Scotiabank 7, ,7. 7..,... Total 7,.7., 7,7.. Industry % Change from Same Period Last Year Industry % Change from Last Quarter 7.%.%.%.%.%.%,,,,,,
4 First Quarter Syndicated Loans Managing Underwriters Global Global Debt & Syndicated Loans (DL) Scorecard: Global Syndicated Loans Proceeds per Mandated Arranger US$m) # of Deals per MA Imputed Fees (US$m) // // // // Mandated Arrangers Rank Rank Proceeds Share % Share Ch. Deals Share % # of Deals Fees Share % Share Ch. JP Morgan 77, Region/Nation Proceeds (US$m) Proceeds (US$m) 7, Global,.,,,77.,7, Americas,. 7 7,., Barclays 7, North America,.,., Deutsche Bank, of America,. 7,., Morgan Stanley, Canada,.,. 7 HSBC Holdings PLC 7 7, Central America,.,. Wells Fargo & Co, Mexico,.,. Goldman Sachs & Co, South America,.,. BNP Paribas SA 7, Brazil,.,7. Top Ten Total,,...,... Colombia,.,77. Industry Total,,..,7 7,.. Europe 7,. 7,. Western Europe,. 7,. Industry % Change from Same Period Last Year.%.%.7% United Kingdom,.,. Industry % Change from Last Quarter.%.%.% Spain,.,. 7 Germany,.,. Italy,7.,. France 7,.,7.7 Global Loans Mandated Arrangers (R) Netherlands,.,7. Sweden 7,7.. Proceeds per Mandated Arranger US$m) # of Deals per MA mputed Bookrunning Fees (US$m Switzerland 7,77.,. Luxembourg,.,.7 Mandated Arrangers Rank Rank Proceeds Share % Share Ch. Deals Share % # of Deals Fees Share % Share Ch. Belgium,.,., Norway,7. 7,. JP Morgan 7, Eastern Europe,7.,7. 7, Turkey,7.,. Mitsubishi UFJ Financial Group, Russian Federation.,7., Croatia. Wells Fargo & Co, Czech Republic.. Sumitomo Mitsui Finl Grp Inc 7, Africa/Middle East/Central Asia,.,. HSBC Holdings PLC, Middle East,7.,. 7 Barclays, Saudi Arabia,7.,. Deutsche Bank, United Arab Emirates,.,. 7 BNP Paribas SA, SubSaharan Africa 7,.,. RBS, South Africa,.,. Societe Generale, Nigeria,. RBC Capital Markets, Ghana.,. US Bancorp, Central Asia 7.. Credit Agricole CIB, AsiaPacific (ex Central Asia) 7,.7,. Credit Suisse 7, North Asia,.,. Morgan Stanley, China,.,. Bank of China Ltd, Hong Kong,. 7,. PNC Financial Services Group 7, Taiwan 7,. 7,. Goldman Sachs & Co, South Korea,7.,. Scotiabank, South Asia,7.,7. BMO Capital Markets, India,7. 7,77. 7 ING, Southeast Asia,. 7,. Industrial & Comm Bank China, Singapore,.7,. 7,7. 7..,... Malaysia,.,. Industry Total,.., 7,.. Indonesia,.,. Thailand.,.7 Industry % Change from Same Period Last Year 7.%.%.% Philippines.. Industry % Change from Last Quarter.%.7%.% Australasia,.,. Australia,.,7. New Zealand,.7,. Top Global Syndicated Loans Japan 7,7.,. 7 Closing Date Borrower Target Market Package Amt (US$m) Primary UOP // AbbVie Inc,. // Orchid Alliance Holdings Ltd Japan,. General Corp. Purp. // Enel SpA Italy,7. Refinancing // ARAMCO Saudi Arabia,. General Corp. Purp. // AT&T Inc,. // Dollar Tree Inc,. // Yalong River Hydropower Dvlp China,.7 Capital Expenditures // Ball Corp 7,. // Deutsche AnningtonHotels() Germany 7,. // Duke Energy Corp t 7,. General Corp. Purp. * The Global Scorecard comprises deal volume and counts from club and bookrun deals, mirroring the mandated arranger rankings. % Chge in Proceeds
5 First Quarter Syndicated Loans Managing Underwriters Global Loans Ranking Last Ten Years* JP Morgan Mitsubishi UFJ Financial Group Wells Fargo & Co Rank 7 7 Sumitomo Mitsui Finl Grp Inc Morgan Stanley HSBC Holdings PLC Deutsche Bank 7 *League Table positions reflect consolidation within the banking sector. Rankings shown are as of the current quarter end in each calendar year.
6 Americas Proceeds at US$ Billion US Leveraged Lending Down % Latin America Lending Down % First Quarter Syndicated Loans Managing Underwriters Americas Americas Deals Intelligence Americas Loans s (R7) Overall syndicated lending in the Americas during the first quarter decreased 7.% from, with proceeds of Proceeds per (US$m) # of Deals per Imputed Fees (US$m) US$. billion from 7 transactions. Firstquarter totals fell.% from the fourth quarter of. Rank Rank Proceeds Share% Share Ch. Deals Share% # of Deals Fees Share% Share Ch., Leveraged lending in the totaled US$ billion from deals, representing a % decrease from total JP Morgan, proceeds raised in the first quarter a year ago. Wells Fargo & Co, , Loans for general purposes dominated the market in the first quarter, accounting for a % share, with proceeds Mitsubishi UFJ Financial Group, Morgan Stanley, totaling US$. billion. Acquisition Financing followed, with % of the market. Barclays 7, RBC Capital Markets, RBS, Lending in Latin America decreased compared with the same period last year, down.% with total proceeds of Goldman Sachs & Co 7, US$. billion. US Bancorp, HSBC Holdings PLC, Estimated bookrunning fees for the Americas yielded a.% lower total in the first quarter of compared to last PNC Financial Services Group, Credit Suisse, year, with a total of US$. billion, according to estimates from Thomson Reuters/Freeman Consulting. Fees paid to BNP Paribas SA, bookrunners for U.S. leveraged loans decreased.% compared to a year ago, totaling over US$. billion. BMO Capital Markets 7, Deutsche Bank 7, TD Securities Inc 7, Scotiabank 7, SunTrust Banks 7, CIBC World Markets Inc, Top Americas Syndicated Loans, Closing Date Borrower Target Market Package Amt (US$m) Primary UOP General Electric Co, // AbbVie Inc,. National Bank of Canada Fin'l, // AT&T Inc,. KeyBanc Capital Markets Inc, // Dollar Tree Inc,. 7,...,. 7.. // Ball Corp 7,. Total,7.7. 7,.7. // Duke Energy Corp 7,. General Corp. Purp. // American Honda Finance 7,. General Corp. Purp. Industry % Change over Same Period Last Year.%.%.% // PetSmart Inc,. Leveraged Buyout Industry % Change over Last Quarter.% 7.%.% // PEMEX Mexico,. Export/Import Finan // American Tower Corp,. // Anadarko Petroleum Corp,. Americas Loans by Industry (Proceeds US$m) US Leveraged Volume $,. % $,. % $,. % $,. % $,. % $,. % $,. % $,. 7% $,. 7% $,.7 % $,7. % $,77. % Proceeds (US$b) $, $, $ $,,,77,7,7,,,7,,,,,, Energy and Power Financials Industrials Retail $ Materials Healthcare Real Estate Consumer Products and Services Telecommunications High Technology Consumer Staples Media and Entertainment $ 7 Government and Agencies Q Volume (US$b) Q Volume (US$b) Q Volume (US$b) Q Volume (US$b)
7 First Quarter Syndicated Loans Managing Underwriters Americas Americas Loans Mandated Arrangers (Rc) North America Loans s (R) Proceeds per Mandated Arranger (US$m) # of Deals per MA Imputed Fees (US$m) Proceeds per (US$m) # of Deals per Imputed Fees (US$m) Mandated Arranger Rank Rank Proceeds Share% Share Ch. Deals Share% # of Deals Fees Share% Share Ch. Rank Rank Proceeds Share% Share Ch. Deals Share% # of Deals Fees Share% Share Ch. 7, , JP Morgan, JP Morgan, Wells Fargo & Co, Wells Fargo & Co, Mitsubishi UFJ Financial Group,., Mitsubishi UFJ Financial Group 7,7., Barclays 7, Morgan Stanley, HSBC Holdings PLC 7, Barclays 7, US Bancorp, RBC Capital Markets, RBC Capital Markets 7, RBS, Deutsche Bank, Goldman Sachs & Co 7, RBS, US Bancorp, PNC Financial Services Group, HSBC Holdings PLC, BNP Paribas SA, PNC Financial Services Group, BMO Capital Markets, Credit Suisse, Morgan Stanley, BMO Capital Markets, SunTrust Banks 7, Deutsche Bank, Credit Suisse 7, BNP Paribas SA 7 7, Scotiabank, TD Securities Inc 7, TD Securities Inc, Scotiabank 7, Goldman Sachs & Co 7, SunTrust Banks 7, , CIBC World Markets Inc, Societe Generale, , CIBC World Markets Inc, General Electric Co, BBVA, National Bank of Canada Fin'l, Regions Bank, KeyBanc Capital Markets Inc, , ,...7 7,7..., Industry Total,.. 7 7,.. Total,..,.. Industry % Change over Same Period Last Year 7.% Industry % Change over Last Quarter.%.% 7.%.%.% Industry % Change over Same Period Last Year 7.%.% 7.% Industry % Change over Last Quarter.%.%.% US Loans s (R) US Leveraged Loans s (Ra) Proceeds per (US$m) # of Deals per Imputed Fees (US$m) Rank Rank Proceeds Share% Share Ch. Deals Share% # of Deals Fees Share% Share Ch., JP Morgan, Wells Fargo & Co, , Mitsubishi UFJ Financial Group, Morgan Stanley, Barclays RBS Goldman Sachs & Co US Bancorp 7 7 7,.,.,., PNC Financial Services Group Credit Suisse,., HSBC Holdings PLC, Deutsche Bank, BNP Paribas SA 7, RBC Capital Markets 7, SunTrust Banks 7 7, , BMO Capital Markets, General Electric Co, TD Securities Inc 7, KeyBanc Capital Markets Inc, Scotiabank, Rabobank NV, Societe Generale, ,7...,. 7.. Total,.. 7 7,7.. Proceeds per (US$m) # of Deals per Imputed Fees (US$m) Rank Rank Proceeds Share% Share Ch. Deals Share% # of Deals Fees Share% Share Ch., Wells Fargo & Co, JP Morgan, , Deutsche Bank, Barclays, Credit Suisse 7, RBC Capital Markets, US Bancorp, Morgan Stanley, RBS, SunTrust Banks, General Electric Co, Goldman Sachs & Co 7, PNC Financial Services Group 7, Mitsubishi UFJ Financial Group, KeyBanc Capital Markets Inc 7, BMO Capital Markets, Jefferies LLC, Rabobank NV *, Macquarie Group 7, Nomura, HSBC Holdings PLC, Credit Agricole CIB BNP Paribas SA ,7...,. 7.. Total,..,.. Industry % Change over Same Period Last Year 7.%.%.% Industry % Change over Same Period Last Year.%.%.% Industry % Change over Last Quarter.% %.%.% Industry % Change over Last Quarter.% %.% 7.%
8 First Quarter Syndicated Loans Managing Underwriters Americas US Investment Grade Loans s (Rb) Top Americas Loans Use of Proceeds (US$m) Proceeds per (US$m) # of Deals per Imputed Fees (US$m) Rank Rank Proceeds Share% Share Ch. Deals Share% # of Deals Fees Share% Share Ch. 7, JP Morgan, Wells Fargo & Co, , Mitsubishi UFJ Financial Group, Morgan Stanley, Goldman Sachs & Co 7 7, Barclays 7, RBS 7, BNP Paribas SA 7, HSBC Holdings PLC, US Bancorp, PNC Financial Services Group, , TD Securities Inc, Credit Suisse, SunTrust Banks 7, RBC Capital Markets, BMO Capital Markets, Scotiabank, Bank of China Ltd, Societe Generale, Lloyd Securities, UBS Deutsche Bank 7,., TopTwentyFiveTotal Twenty Total, Total,.... Industry % Change over Same Period Last Year.%.%.% Industry % Change over Last Quarter.%.%.% Latin America Loans Mandated Lead Arrangers (R) Proceeds per Mandated Arranger (US$m) # of Deals per MA Imputed Fees (US$m) Mandated Arranger Rank Rank Proceeds Share% Share Ch. Deals Share% # of Deals Fees Share% Share Ch., BNP Paribas SA BBVA * HSBC Holdings PLC * JP Morgan Natixis Societe Generale * Mitsubishi UFJ Financial Group * Sumitomo Mitsui Finl Grp Inc * Credit Agricole CIB Itau Unibanco Caixa Economica Federal * Banco BTG Pactual SA * Scotiabank KfW IPEXBank GmbH 7* * Bayerische Landesbank Giro 7* Standard Chartered PLC Commerzbank AG ING * Rabobank NV * Santander ABN AMRO Bank Banco Latin Americano Export , Industry Total,.... Industry % Change over Same Period Last Year Industry % Change over Last Quarter *tie.%.%.% 7.% 7.%.% $,. % $,. $7,. $7,. % % % $,. % Americas Yield Type Proceeds (US$b) $,. % $,7. % $,. % $7,. % $,7. % General Corporate Purposes Acquisition Financing Refinance Bank Debt Refinancing Leveraged Buyout Property Acquisition Capital Expenditures Export/Import Finance 7 Project Finance Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Undisclosed (US$b) Highly Leveraged (US$b) Leveraged (US$b) Americas Imputed Fees Mandated Arrangers Total Imputed Fees (US$b) , Q Q7 Q Q Q Q Q Q Q Q Total Imputed Fees (US$b) Number of deals 7 Full Year,,
9 First Quarter Syndicated Loans Managing Underwriters Europe, Middle East & Africa EMEA Deals Intelligence EMEA Borrowing Flat Italy and Switzerland Targeted Loans Up Significantly JP Morgan Top EMEA Fee Earner ` EMEA Use of Proceeds (US$b) EMEA syndicated lending for the first quarter of reached US$ billion, essentially flat compared to the same period last year. Borrowers from the Energy and Power sector were the main drivers of EMEA activity, accounting for % of volume, with borrowers from Industrials and Financials receiving % and % of loans proceeds, respectively. General Corporate Purposes made up % of loan uses in the yeartodate period, followed by Refinancing and Refinancing of Bank Debt, accounting for a combined % share. The target nations with the largest yearonyear gains were Italy (up %), Switzerland (up %), Qatar (up %) and Spain (up %). Target nations in decline included Egypt (down %), France (down %) and Belgium (down %). According to Thomson Reuters/Freeman Consulting, first quarter arranging fees decreased % from the same period a year ago. The leading fee earner in the EMEA region was JP Morgan, with US$. million in fees (a.% wallet share). Top EMEA Syndicated Loans (US$m) $. % $. % $. % $. % $. % $. % $. % General Corporate Purposes Refinance Bank Debt Refinancing Acquisition Financing Project Finance Export/Import Finance Enel SpA $,7. $. % Leveraged Buyout ARAMCO Deutsche AnningtonHotels() $7,. $,. Trafigura Beheer BV $,. Capital Expenditures Borealis Swedish Elecity $,7. Vodafone Group PLC $,. Others EMEA s (R7) EMEA Mandated Lead Arrangers (R) Proceeds per (US$m) # of Deals per Imputed Fees (US$m) Proceeds per MLA (US$m) # of Deals per MLA Imputed Fees (US$m) Market Market # of Market Change in Manager Market Market Rank Rank Proceeds Share % Share Ch. Deals Share % # of Deals Fees Share % Share Ch. Mandated Arranger Rank Rank Proceeds Share % Share Ch. Deals Share % # of Deals Fees Share % Share Ch. JP Morgan, JP Morgan, Deutsche Bank, Deutsche Bank, Credit Agricole CIB, BNP Paribas SA, BNP Paribas SA 7, HSBC Holdings PLC, HSBC Holdings PLC 7, Credit Agricole CIB, RBS, RBS, , UniCredit 7, Commerzbank AG, Barclays 7 7, Societe Generale, Societe Generale 7, UniCredit, ING 7, ING, , Natixis, Commerzbank AG, Santander, Santander 7, Barclays 7, Mitsubishi UFJ Financial Group, Mitsubishi UFJ Financial Group, BBVA, BBVA, Lloyds Bank, Banca IMI (Intesa Sanpaolo) 7, Sumitomo Mitsui Finl Grp Inc 7, Standard Chartered PLC, Natixis, Sumitomo Mitsui Finl Grp Inc, , Lloyds Bank, Banca IMI (Intesa Sanpaolo), , , , Standard Chartered PLC 7, DNB ASA, DNB ASA, Nordea, Goldman Sachs & Co, CaixaBank SA, Bank of China Ltd, , , Total,7.... Industry Total,.7... Industry % Change from Same Period Last Year.%.%.% Industry % Change from Last Quarter.%.%.% Industry % Change from Same Period Last Year Industry % Change from Last Quarter.% 7.%.%.%.%.% Club deal volume is not included in Thomson Reuters' League Tables; however, Mandated Lead Arrangers volumes include both bookrun and club transactions. 7
10 First Quarter Syndicated Loans Managing Underwriters Europe, Middle East & Africa European Leveraged Loans (P) Proceeds per (US$m) # of Deals per Imputed Fees (US$m) Market Market # of Market Change in Manager Market Market Rank Rank Proceeds Share % Share Ch. Deals Share % # of Deals Fees Share % Share Ch. Deutsche Bank, Credit Agricole CIB, HSBC Holdings PLC, RBS, JP Morgan 7, BNP Paribas SA Natixis Barclays Goldman Sachs & Co UniCredit Societe Generale ING Credit Suisse Nomura Banca IMI (Intesa Sanpaolo) Santander 7 * RBC Capital Markets Morgan Stanley Instituto de Credito Oficial * Bankia * * Danske Bank , Total, Industry % Change from Same Period Last Year.%.7%.% Industry % Change from Last Quarter.%.7%.% EMEA Sponsored Loans (P) Proceeds per (US$m) Market # of Deals per # of Market Change in Rank Rank Proceeds Share % Share Ch. Deals Share % # of Deals Fees Share % Share Ch. Deutsche Bank, Barclays Natixis Credit Agricole CIB Goldman Sachs & Co HSBC Holdings PLC UniCredit RBC Capital Markets BNP Paribas SA Credit Suisse * * ING RBS JP Morgan Nordea * DNB ASA * Bank of Ireland Nomura * Rabobank NV * * Credit Mutuel SA Banca IMI (Intesa Sanpaolo) Santander * Lloyds Bank * Morgan Stanley , Total 7,.... Industry % Change from Same Period Last Year 7.%.7%.% Industry % Change from Last Quarter.%.%.% Market Imputed Fees (US$m) Manager Market Market EMEA Quarterly Syndicated Loan Volume Proceeds (US$m) $, $, $, $, $, $, $, $, $ 7 EMEA Proceeds (US$m) Number of deals Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q EMEA Syndicated Loans by Industry (US$b) Energy and Power EMEA Imputed Fees Total Imputed Fees (US$m) $, $, $, $ $. % $. % $. 7% $7.7 % $. % $.$7. $. % % % $. % $7. % $. % 7 Industrials Financials 7 7 Total Imputed Fees (US$m) Number of Deals Media and Entertainment Telecommunications Retail Materials High Technology Consumer Products and Services Healthcare Consumer Staples Real Estate
11 Slow Start to Asian Syndicated Loans l Yalong River Hydropower Largest Dea for Asia in Q Australia Lowest Since First Quarter Syndicated Loans Managing Underwriters Asia (exjapan) Asia & Australia Deals Intelligence Syndicated lending in Asia (ex Australia) during the first quarter of declined sharply from the same period in, down.% with proceeds reaching US$. billion from deals. This was the slowest first quarter start since across the region, with significant growth seen only in High Technology, which posted an increase of 7.%, totaling US$. billion from deals. A CY billion (US$. billion equivalent) CAPEX loan for Yalong River Hydropower was the largest deal completed in the first quarter. The loan was closed in March with ICBC and China Construction Bank as joint s and Mandated Arrangers. Australian syndicated lending in the first quarter of reached US$7 billion from deals, a.% drop from the same period in. Acquisition Financing (up.% at US$ million) showed the only positive growth in a sluggish first quarter, the lowest since. The club deal SDP Finco Pty Ltd's A$.7 billion (US$. equivalent) was the largest deal completed in the period, with Mandated Arrangers. According to Thomson Reuters/Freeman Consulting, estimated fees from Asian syndicated lending totaled US$.7 million in the first quarter of, down 7.% from the comparable period in. In Australia, estimated fees were US$ million, declining.% from the first quarter of. Top Asia Syndicated Loans (Ex Japan, Ex Australia) Yalong River Hydropower Dvlp Henderson Land Dvlp Co Ltd Wuxi Metro Group Co Ltd SapuraKencana TMC Sdn Bhd Innolux Corp Pertamina(Persero)PT China Star OptoElectns Tech Formosa Group (Cayman) Ltd Sun Hung Kai Ppty(Finl Svcs) $,. $,. $,. $,.7 $,77. $,. $,. $,. Asia Loans s (US$, EURO, JPY, A$, HK$ & S$) (Si) $,.7 Proceeds per (US$m) # of Deals per Arranger Imputed Fees (US$m) Rank Rank Proceeds Share % Share Ch. Deals Share % # of Deals Fees Share % Share Ch., China Development Bank, Standard Chartered PLC, Mitsubishi UFJ Financial Group, HSBC Holdings PLC, BNP Paribas SA DBS Group Holdings Deutsche Bank OverseaChinese Banking ANZ Banking Group Credit Agricole CIB Bank of Taiwan Sumitomo Mitsui Finl Grp Inc Fubon Financial Holding Co Ltd Mega Financial Holding Co ABN AMRO Bank ING Bank of China Ltd National Bank of Abu Dhabi CTBC Financial Holding Co Ltd Top Twenty Total, Total, Asia Loans s (All Currencies) (Sc) Proceeds per (US$m) # of Deals per Imputed Fees (US$m) Rank Rank Proceeds Share % Share Ch. Deals Share % # of Deals Fees Share % Share Ch. Industrial & Comm Bank China, China Construction Bank, Bank of China Ltd, , China Development Bank, State Bank of India, Standard Chartered PLC 7, Mitsubishi UFJ Financial Group, DBS Group Holdings, HSBC Holdings PLC 7, BNP Paribas SA, Korea Development Bank Taiwan Cooperative Bank Deutsche Bank Bank of Taiwan Mega Financial Holding Co ANZ Banking Group CTBC Financial Holding Co Ltd OverseaChinese Banking Fubon Financial Holding Co Ltd Axis Bank Ltd Chang Hwa Commercial Bank Sumitomo Mitsui Finl Grp Inc Land Bank of Taiwan Credit Agricole CIB , Total, Industry % Change from Same Period Last Year.7% Industry % Change from Last Quarter.% Asia Loans Mandated Arrangers (All Currencies) (Sb).%.% 7.7%.% Proceeds per Mandated Arranger (US$m) # of Deals per Arranger Imputed Fees (US$m) Mandated Arranger Rank Rank Proceeds Share % Share Ch. Deals Share % # of Deals Fees Share % Share Ch. Industrial & Comm Bank China, China Construction Bank 7, Bank of China Ltd, , China Development Bank, HSBC Holdings PLC, Mitsubishi UFJ Financial Group 7, State Bank of India, Standard Chartered PLC, DBS Group Holdings, Sumitomo Mitsui Finl Grp Inc, OverseaChinese Banking, Korea Development Bank, Taiwan Cooperative Bank, CTBC Financial Holding Co Ltd United Overseas Bank Ltd BNP Paribas SA Land Bank of Taiwan Fubon Financial Holding Co Ltd ING Mega Financial Holding Co Axis Bank Ltd ANZ Banking Group Bank of Taiwan Chang Hwa Commercial Bank , Industry Total,.... Industry % Change from Same Period Last Year.%.% 7.% Industry % Change from Same Period Last Year.%.% 7.% Industry % Change from Last Quarter 7.%.%.% % Industry % Change from Last Quarter.7%.% %.%
12 Australia Loans s (All Currencies) (S7) First Quarter Syndicated Loans Managing Underwriters Asia (exjapan) & Australia Australia Loans Mandated Arrangers (All Currencies) (Sa) Proceeds per (US$m) # of Deals per Imputed Fees (US$m) Proceeds per Mandated Arranger (US$m) # of Deals per Arranger Imputed Fees (US$m) Rank Rank Proceeds Share % Share Ch. Deals Share % # of Deals Fees Share % Share Ch. Mandated Arranger Rank Rank Proceeds Share % Share Ch. Deals Share % # of Deals Fees Share % Share Ch. ANZ Banking Group ANZ Banking Group, National Australia Bank National Australia Bank Commonwealth Bank of Australia 7* Westpac Banking HSBC Holdings PLC Commonwealth Bank of Australia * Mitsubishi UFJ Financial Group Sumitomo Mitsui Finl Grp Inc * HSBC Holdings PLC Westpac Banking Sumitomo Mitsui Finl Grp Inc Mitsubishi UFJ Financial Group CIBC World Markets Inc * Investec * RBC Capital Markets Top Ten Total, Top Ten Total, Total, Industry Total,.... Industry % Change from Same Period Last Year.%.%.% Industry % Change from Last Quarter 7.%.% 7.% *tie Industry % Change from Same Period Last Year.% Industry % Change from Last Quarter.%.7%.%.%.% Top Australia Syndicated Loans Asian Loans by Maturity Date SDP Finco Pty Ltd ConnectEast Finance Pty Ltd $. $,... Proceeds (US$b) Infrashore Finance Pty Ltd Hills Motorway Management Ltd Consolidated Press(Finance) LS NewCo Pty Ltd $.7 $7. $. $. Proceeds (US$b)... Laing O Rourke Au Pty Ltd AGL Energy Ltd Metcash Ltd $. $7. $7.. $. $. $. $. $7. 7 Australian Loans Proceeds by Industry (US$m) Asian Loans by Currency (%) First Quarter Financials.7%.% $,. % $,. % $7,. % $,. % $,. % Industrials Media and Entertainment.7%.%.7%.%.%.%.%.% $,.7 % Energy and Power Real Estate Consumer Staples.%.%.%.% 7.% 7.%.%.%.%.% 7 Local Currency G
13 Japanese Syndicated Lending down % Financials Lead Industry Non Japanese Borrowers Activity down 7% First Quarter Syndicated Loans Managing Underwriters Japan Japan Deals Intelligence Japan Loans s (Sb) Japanese syndicated lending during the first three months of was down.% compared to the same period in, with proceeds reaching US$7. billion from deals. Japanese loans accounted for.% of global loan volume during the period. Proceeds per (US$m) # of Deals per Market Market # of Market Change in Borrowings in the Financials sector drove the Japanese syndicated loans market, accounting for.% of activity, with proceeds Rank Rank Proceeds Share % Share Ch. Deals Sh % # of Deals,.... reaching US$. billion. Industrials and Materials followed with proceeds reaching US$. billion and US$7. billion, respectively. The top three sectors accounted for about.% of Japanese syndicated lending activity during the first quarter of. Sumitomo Mitsui Finl Grp Inc Mitsubishi UFJ Financial Group,7. 7, Development Bank of Japan Inc, NonJapanese borrowers' involvement on Japanese deals decreased compared to the same period last year, registering US$. billion Aozora Bank Ltd in proceeds from deals. Sumitomo Mitsui Trust Holdings Resona Holdings Inc Fukuoka Financial Group Inc * Shinsei Bank.7... NishiNippon City Bank Ltd.... Top Ten Deals BNP Paribas SA.... Closing Date Borrower Package Amt (US$m) Primary UOP Shoko Chukin Bank.... // Orchid Alliance Holdings Ltd,. General Corp. Purp. Senshu Ikeda Holdings Inc.7... // Sumitomo Corp,77. Gunma Bank.... // Marubeni Corp,7. Ashikaga Bank Ltd.... /7/ Idemitsu Kosan Co Ltd,7. Bank of Yokohama // Toshiba Corp,. Norinchukin Bank.... // Toshiba Corp,. Bank of Kyoto Ltd.... // Rakuten Card Co Ltd,. Hokuetsu Bank Ltd // Orient Corp,7. Bank of Iwate Ltd.... // Lotte Co Ltd. Capital Expenditures // SG Holdings Co Ltd.7 Oper Fund / Cash Res Overall Japan Loans Volume Total 7,7. 7, $ Q Proceeds (US$b) Q Proceeds (US$b), Industry % Change from Same Period Last Year.%.% Industry % Change from Last Quarter.%.% $, Q Proceeds (US$b) Q Proceeds (US$b),, Japan Loans Proceeds by Industry (US$m) $..% Proceeds (US$b) $ $ $,,,,,7,, $,7..7% $,. 7.% $,..% $,..7% $,..%. $7,..% $,..% $,..7% $ $ Financials Industrials Consumer Staples Materials Energy and Power High Technology Real Estate Retail Consumer Products and Services $ Telecommunications Healthcare Media and Entertainment Government and Agencies
14 First Quarter Syndicated Loans Managing Underwriters Japan Japan Loan Volume NonJapanese Borrowers Japan Loans Mandated Arrangers (Sa) Proceeds (US$ m) $, $, $, $, $, $, $ $ Proceeds (US$m) No. of Deals Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Proceeds per Mandated Arranger (US$m) # of Deals per MA Market Market # of Market Change in Mandated Arranger Rank Rank Proceeds Share % Share Ch. Deals Sh % # of Deals, Sumitomo Mitsui Finl Grp Inc, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Trust Holdings,7.... Development Bank of Japan Inc,.... Aozora Bank Ltd Resona Holdings Inc * Credit Agricole CIB * Hiroshima Bank Ltd.... Hokuhoku Financial Group Inc Fukuoka Financial Group Inc *.... Shinsei Bank.7... NishiNippon City Bank Ltd.... Sapporo Hokuyo Holdings Inc.... BNP Paribas SA.... Gunma Bank Norinchukin Bank.... Shoko Chukin Bank.... Bank of Yokohama.... Senshu Ikeda Holdings Inc Ashikaga Bank Ltd Bank of Kyoto Ltd.... Hokuetsu Bank Ltd Shinkin Central Bank.... 7,...7 Industry Total 7,7.. Industry % Change from Same Period Last Year.%.% Industry % Change from Last Quarter.%.% *tie Japan Loan Volume by Maturity Date Japan Loans Top Uses of Proceeds (US$m) Proceeds (US$b) $ $ $ $ 7 Proceeds(US$b),,,,, $,. % $,7. % $,. 7% $,7. %. $,. % General Corporate Purposes Capital Expenditures Future Acquisitions Refinancing Operating Fund/Cash Reserve $ Property Acquisition Refinance Bank Debt $ & Beyond Construction Export/Import Finance
15 First Quarter Syndicated Loans Managing Underwriters Ranking Criteria Summary If you would like to participate in the submission process, receive quarterly press releases, or have questions about league table criteria please contact: Americas Salvatore Reres Tel: + salvatore.reres@thomsonreuters.com Europe Ewelina Jarecka Tel: ewelina.jarecka@thomsonreuters.com AsiaPacific Carina CausonIsrael Tel: carina.causon@thomsonreuters.com Japan Megumi Kono Tel: + megumi.kono@thomsonreuters.com Database coverage includes all loan transactions that have reached financial close by the submission deadline and of which Thomson Reuters has been made aware. All current and previous year's data is as of :pm EDT on March,. Global, Americas, EMEA, AsiaPacific and Japan bookrunner and mandated arranger league table volumes and rankings are based on general close date instead of financial close date. Bilateral, selfarranged, commercial and unknown loans are excluded from league tables as well as loans with a maturity of less than days. All league tables are based on deal proceeds unless otherwise specified. Regional league tables are based on Target Market. league tables will give full credit to the bookrunner, equal if joint. In cases of consolidation, credit will be given to the surviving/parent firm Mandated Arranger league tables will give equal credit to the NonAmericas mandated arranger and equal credit to the Americas Tier agent. In cases of consolidation, credit will be givien to the surviving/parent firm. Imputed fees are calculated using Freeman Consulting proprietary algorithm where spreads or fees are not disclosed. Deal fees are on a gross basis before all expenses. Each underwriter or advisor is allocated its share of deal fees using Freeman & Co. allocation methodology, based on the number of underwriters or advisors on the deal and their role. No fees are allocated to syndicated members. NonUS dollar denominated transactions are converted to the US dollar equivalent at the time of pricing. league tables include club syndicate transactions that are sold down in the syndication process to firms that were not part of the original club syndicate. Mandated Arranger league tables include all club syndicate transactions, regardless of selldown process. and Mandated Arranger league tables only include amendments that require % lender vote for the following amendments: decrease in pricing, change in tenor if maturity is extended by a period of more than days, guarantor or collateral release. An increase in deal size after syndication has ended will be reflected as an add on tranche. League table volumes for Mitsubishi UFJ Financial Group and Morgan Stanley, included herein, reflect changes after the commencement of their jointly established securities firms in Japan: () Mitsubishi UFJ Morgan Stanley Securities and () Morgan Stanley MUFG Securities. Credit for the newly established joint ventures rolls up to Morgan Stanley. For Japanese involvement league tables Morgan Stanley will be represented as "Mitsubishi UFJ Morgan Stanley". Thomson Reuters Investment Banking loans data is compiled in conjunction with Loan Pricing Corporation (LPC). In combination, Thomson Reuters Investment Banking and LPC offer the most comprehensive and accurate view of the syndicated loans market available. While Thomson Reuters has used reasonable endeavors to ensure that the information provided in this document is accurate and up to date as at the time of issue, neither Thomson Reuters nor its third party content providers shall be liable for any errors, inaccuracies or delays in the information, nor for any actions taken in reliance thereon, nor does it endorse any views or opinions of any third party content provider. Thomson Reuters disclaims all warranties, express or implied, as to the accuracy or completeness of any of the content provided, or as to the fitness of the content for any purpose to the extent permitted by law. The content herein is not appropriate for the purposes of making a decision to carry out a transaction or trade and does not provide any form of advice (investment, tax, legal) amounting to investment advice, nor make any recommendations or solicitations regarding particular financial instruments, investments or products, including the buying or selling of securities. Thomson Reuters has not undertaken any liability or obligation relating to the purchase or sale of securities for or by any person in connection with this document. Thomson Reuters. All rights reserved. Thomson Reuters and the Thomson Reuters logo are registered trademarks and trademarks of Thomson Reuters and its affiliated companies. Any third party name or mark herein belongs to the relevant third party.
16 Thomson Reuters Solutions for the Deal Making Community FOR INFORMATION PROFESSIONALS SDC Platinum is the world s foremost financial transactions database, covering new issues, M&A, syndicated loans, private equity, project finance, poison pills, and more. Solution for: Market Analysis & Trends (Geography, Sector, Asset Class, Deal Type, Deal Size, etc.) Deal Origination (Debt Maturity Analysis, Company Lifecycle including Private Equity) Pitch Creation (Firm Credentials, Representative Acquirors) M&A Targeting (Active Strategic/Sponsor Acquirors, Target Company Screener) Negotiation (T&C Benchmarking) FOR STRATEGY AND PLANNING TEAMS Thomson Reuters Deals Business Intelligence enables you to slice and dice our renowned Deals and Fees data to create ad hoc reports, analyze market trends, benchmark your performance and identify opportunities all within a tool built into your workflow in Excel, saving you valuable time and giving you a competitive edge. Solution for: Conducting market analysis and identifying trends Benchmarking your performance and monitoring competitors Targeting clients by wallet size and banking relationship Allocating resources more effectively by evaluating and analyzing lost deals FOR INVESTMENT BANKERS Thomson Reuters Eikon is the most intuitive and comprehensive way of staying informed. With naturallanguage search, you can quickly find global information, news, charts and analytics. Company and industry views provide toplevel summaries, and then detailed information is just a click away. Identify new opportunities and gain deep understanding of markets, industries, companies and events. Thomson Reuters Eikon also includes an AddIn for Microsoft Office to help you increase your efficiency. From screening and targeting to comparables analysis, building league tables, valuing a company and developing a client pitch book, you can do all this without leaving Microsoft Office. Search and autosuggest features in Excel make modelbuilding easier. Solution for: Managing Client Relationships Deal Origination New Issues PreMarketing/Roadshows Financial Modeling Customized League Tables Simple Deals screening Valuation analysis and comparable deal screening Onbrand pitch book creation Send us a sales enquiry at: financial.thomsonreuters.com/sales Read more about our products at: financial.thomsonreuters.com/products To purchase individual Thomson Reuters Deals or League Table reports, please contact our Thomson Reuters On Demand group: Web: trondemand@thomsonreuters.com Access unique analysis for free anytime using Thomson Reuters Deals Intelligence website and receive regular updates, delivered direct to your inbox. Go to: dmi.thomsonreuters.com/dealsintelligence Thomson Reuters.. Thomson Reuters and the Kinesis logo are trademarks of Thomson Reuters.
REUTERS / Stefan Wermuth GLOBAL SYNDICATED LOANS REVIEW MANAGING UNDERWRITERS
REUTERS / Stefan Wermuth GLOBAL SYNDICATED LOANS REVIEW MANAGING UNDERWRITERS First Nine Months 215 First Nine Months 215 MANAGING UNDERWRITERS SYNDICATED LOANS REVIEW Global Syndicated Loans Global Deals
More informationREUTERS / Stefan Wemuth GLOBAL SYNDICATED LOANS REVIEW MANAGING UNDERWRITERS
REUTERS / Stefan Wemuth GLOBAL SYNDICATED LOANS REVIEW MANAGING UNDERWRITERS First Half First Half MANAGING UNDERWRITERS SYNDICATED LOANS REVIEW Global Syndicated Loans Global Deals Intelligence Leading
More informationGLOBAL SYNDICATED LOANS REVIEW MANAGING UNDERWRITERS
GLOBAL SYNDICATED LOANS REVIEW MANAGING UNDERWRITERS First Nine Months First Nine Months MANAGING UNDERWRITERS SYNDICATED LOANS REVIEW Global Syndicated Loans Global Deals Intelligence Leading Underwriters
More informationREUTERS / Mario Anzuoni GLOBAL PROJECT FINANCE REVIEW MANAGING UNDERWRITERS
REUTERS / Mario Anzuoni GLOBAL PROJECT FINANCE REVIEW MANAGING UNDERWRITERS First Quarter 015 Global Project Finance 8% Up I Sector Grew 3.5% I EMEA Most Active Region First Quarter 015 MANAGING UNDERWRITERS
More informationREUTERS / Mark Blinch CANADA CAPITAL MARKETS REVIEW MANAGING UNDERWRITERS
REUTERS / Mark Blinch CANADA CAPITAL MARKETS REVIEW MANAGING UNDERWRITERS Full Year Full Year Canadian Capital Markets Managing Underwriters Canadian Capital Markets Review Table of Contents Canadian Debt
More informationCANADA CAPITAL MARKETS REVIEW DCM & ECM MANAGING UNDERWRITERS
CANADA CAPITAL MARKETS REVIEW DCM & ECM MANAGING UNDERWRITERS First Quarter 0 REUTERS / Mark Blinch First Quarter 0 Canadian Capital s Managing Underwriters Canadian Capital s Review Table of Contents
More informationGLOBAL SYNDICATED LOANS REVIEW MANAGING UNDERWRITERS
GLOBAL SYNDICATED LOANS REVIEW MANAGING UNDERWRITERS First Nine Months 20 Syndicated Loans Review Table of Contents Global Syndicated Loans Rankings Americas Syndicated Loans Rankings EMEA Syndicated Loans
More informationGLOBAL PROJECT FINANCE REVIEW. First Nine Months 2013
GLOBAL PROJECT FINANCE REVIEW MANAGING UNDERWRITERS First Nine Months 2013 Global Project Finance Up 3% I Americas Volume Up 23% I EMEA Volume Up 22% First Nine Months 2013 MANAGING UNDERWRITERS Global
More informationDISTRESSED DEBT & BANKRUPTCY RESTRUCTURING REVIEW
DISTRESSED DEBT & BANKRUPTCY RESTRUCTURING REVIEW RESTRUCTURING ADVISORS REUTERS / Paul Hackett First Quarter 2016 Global Distressed Debt & Bankruptcy Restructuring Rankings Global Deals Intelligence Completed
More informationDISTRESSED DEBT & BANKRUPTCY RESTRUCTURING REVIEW
DISTRESSED DEBT & BANKRUPTCY RESTRUCTURING REVIEW RESTRUCTURING ADVISORS Peter Andrews / REUTERS First Nine Months 2014 Global Distressed Debt & Bankruptcy Restructuring Rankings Global Deals Intelligence
More informationDISTRESSED DEBT & BANKRUPTCY RESTRUCTURING REVIEW
DISTRESSED DEBT & BANKRUPTCY RESTRUCTURING REVIEW RESTRUCTURING ADVISORS REUTERS / Phil Noble First Quarter 2015 Global Distressed Debt & Bankruptcy Restructuring Rankings Global Deals Intelligence Completed
More informationDISTRESSED DEBT & BANKRUPTCY RESTRUCTURING REVIEW RESTRUCTURING ADVISORS. REUTERS / Brendan McDermid
DISTRESSED DEBT & BANKRUPTCY RESTRUCTURING REVIEW RESTRUCTURING ADVISORS REUTERS / Brendan McDermid First Half 204 First Half 204 Global Distressed Debt & Bankruptcy Restructuring Rankings Global Deals
More informationReuters / Baz Ratner GLOBAL INVESTMENT BANKING REVIEW
Reuters / Baz Ratner FULL YEAR 2017 Global IB Fees Hit Record High Technology Fees Down 10% JP Morgan Tops Rankings Financial Sponsor Fees Up 24% Global Investment Banking Fees Total US$103.9 Billion;
More informationReuters/Paul Hackett GLOBAL INVESTMENT BANKING REVIEW
Reuters/Paul Hackett FULL YEAR 2011 Global IB Fees Down 6%; 2H'11 Fees Fall 30% JP Morgan Retains Top Spot Fees from Lending Up 34%; Capital Markets Down 22% Global Investment Banking Fees Total US$81
More informationRESTRUCTURING REVIEW RESTRUCTURING ADVISORS
DISTRESSED DEBT & BANKRUPTCY RESTRUCTURING REVIEW RESTRUCTURING ADVISORS First Half 2013 Global Distressed Debt & Bankruptcy Restructuring Rankings Global Deals Intelligence Completed Distressed Debt and
More informationDEBT CAPITAL MARKETS REVIEW MANAGING UNDERWRITERS. REUTERS / Brendan McDermid
DEBT CAPITAL MARKETS REVIEW MANAGING UNDERWRITERS REUTERS / Brendan McDermid First Half 204 First Half 204 Debt Capital Markets Managing Underwriters Debt Capital Markets Review Table of Contents Global
More informationReuters/Denis Balibouse GLOBAL INVESTMENT BANKING REVIEW
Reuters/Denis Balibouse FIRST QUARTER 2012 Global IB Fees Down 14%; Americas Accounts for 56% JP Morgan Retains Top Spot Fees from DCM up 4%; M&A Fees Down 26% Global Investment Banking Fees Total US$17.6
More informationGLOBAL CAPITAL MARKETS
GLOBAL CAPITAL MARKETS LEAGUE TABLES FY 2015 FY 2015 MANAGER RANKINGS GLOBAL CAPITAL MARKETS The Bloomberg Capital Markets Tables represent the top arrangers, bookrunners and advisors across a broad array
More informationDISTRESSED DEBT & BANKRUPTCY RESTRUCTURING REVIEW
DISTRESSED DEBT & BANKRUPTCY RESTRUCTURING REVIEW RESTRUCTURING ADVISORS REUTERS / Kacper Pempel Full Year 01 Full Year 01 Global Distressed Debt & Bankruptcy Restructuring Rankings Global Deals Intelligence
More informationGLOBAL CAPITAL MARKETS LEAGUE TABLES
GLOBAL CAPITAL MARKETS LEAGUE TABLES First 3Q 2016 First 3Q 2016 MANAGER RANKINGS GLOBAL CAPITAL MARKETS The Bloomberg Capital Markets Tables represent the top arrangers, bookrunners and advisors across
More informationDEBT CAPITAL MARKETS REVIEW MANAGING UNDERWRITERS. REUTERS/Carlos Jasso
DEBT CAPITAL MARKETS REVIEW MANAGING UNDERWRITERS REUTERS/Carlos Jasso Full Year 217 Full Year 217 Debt Capital Markets Managing Underwriters Debt Capital Markets Review Table of Contents Global Debt International
More informationDEAL MAKING: REAL ESTATE
Fees HEADLINES November, 1 INVESTMENT BANKING FEES Fees for global investment banking services in the real estate sector, from M&A advisory to capital markets underwriting, total US$. billion so far during
More informationDISTRESSED DEBT & BANKRUPTCY RESTRUCTURING REVIEW
DISTRESSED DEBT & BANKRUPTCY RESTRUCTURING REVIEW Restructuring Advisors Restructuring Advisors First Quarter 2012 Global Distressed Debt & Bankruptcy Restructuring Rankings Global Deals Intelligence Completed
More informationDISTRESSED DEBT & BANKRUPTCY RESTRUCTURING REVIEW
DISTRESSED DEBT & BANKRUPTCY RESTRUCTURING REVIEW Restructuring Advisors First Quarter First Quarter Global Distressed Debt & Bankruptcy Restructuring Rankings Global Deals Intelligence Completed Distressed
More informationGLOBAL CAPITAL MARKETS
GLOBAL CAPITAL MARKETS LEAGUE TABLES H1 2017 H1 2017 MANAGER RANKINGS GLOBAL CAPITAL MARKETS The Bloomberg Capital Markets Tables represent the top arrangers, bookrunners and advisors across a broad array
More informationINVESTMENT BANKING SCORECARD
Volume ($b) DEALS INTELLIGENCE I DECEMBER 6, 01 INVESTMENT BANKING SCORECARD Investment Banking Volume by Asset Class Equity Capital Markets by Issue Type $1,00 $1,00 LOAN 01ytd 011ytd $1,000 $0 $100 $00
More information466 deals $2.1bn $16.3bn
UK Investment Banking Review First Quarter 216 UK investment banking revenue in 1Q 216 totaled $1.bn, down 21% year-on-year. Deal volume from UK targeted M&A dropped 34% year-on-year to $49.3bn. The same
More informationGLOBAL CAPITAL MARKETS
GLOBAL CAPITAL MARKETS LEAGUE TABLES FY 2017 FULL YEAR 2017 MANAGER RANKINGS GLOBAL CAPITAL MARKETS The Bloomberg Capital Markets Tables represent the top arrangers, bookrunners and advisors across a broad
More informationINVESTMENT BANKING SCORECARD
Volume ($b) DEALS INTELLIGENCE I APRIL, INVESTMENT BANKING SCORECARD Investment Banking Volume by Asset Class Equity Capital Markets by Issue Type $, $, Loans ytd ytd $, $ $5 $ $5 $ $5 Volume ($b) $8 $6
More informationGLOBAL SYNDICATED LOANS LEAGUE TABLES
GLOBAL SYNDICATED LOANS LEAGUE TABLES 1 st 3Qtrs 1 st 3Qtrs MANAGER INGS GLOBAL SYNDICATED LOANS CONTENTS 1. Global market review 2. U.S. market review 3. Canada market review 4. Latin America market review
More informationGLOBAL CAPITAL MARKETS
GLOBAL CAPITAL MARKETS LEAGUE TABLES Q1 2018 Q1 2018 MANAGER RANKINGS GLOBAL CAPITAL MARKETS The Bloomberg Capital Markets Tables represent the top arrangers, bookrunners and advisors across a broad array
More informationGLOBAL EQUITY CAPITAL MARKETS REVIEW MANAGING UNDERWRITERS. REUTERS / Aly Song
GLOBAL EQUITY CAPITAL MARKETS REVIEW MANAGING UNDERWRITERS REUTERS / Aly Song First Quarter First Quarter Equity Capital Markets Managing Underwriters Equity Capital Markets Review Table of Contents Global
More informationASIA PACIFIC (EX-JAPAN) LEAGUE TABLE REPORT
ASIA PACIFIC (EX-JAPAN) LEAGUE TABLE REPORT TABLE OF CONTENTS Page 3-6 Page 7 Page 8 Page 9 Page 10 Page 11 SUMMARY LARGEST 1Q17 DEALS VOLUME BY COUNTRY VOLUME BY USE OF PROCEEDS VOLUME BY INDUSTRY QUARTERLY
More informationINVESTMENT BANKING SCORECARD
AVERAGE DEAL SIZE FOR US CORPORATE BONDS TOPS $1 BILLION This week's $17 billion USdollar denominated investment grade corporate debt offering from Medtronic ranked as the largest USdollar offering this
More informationUnderstanding Financial Interconnectedness
Understanding Financial Interconnectedness Key Messages Utility Bilateral surveillance Multilateral surveillance Macro-prudential policies Swap Lines England ECB Switzerland United States JAPAN Swap Lines
More informationINVESTMENT BANKING SCORECARD
1 INVESTMENT BANKING SCORECARD Investment Banking Volume by Asset Class $1,750 $1,500 LOANS Equity Capital Markets by Issue Type 2017 YTD 2016 YTD $1,250 $0 $100 $200 $300 $400 $500 $600 $700 $1,000 FollowOn
More informationGLOBAL FIXED INCOME LEAGUE TABLES H1 2017
GLOBAL FIXED INCOME LEAGUE TABLES H1 217 H1 217 MANAGER RANKINGS GLOBAL FIXED INCOME CONTENTS 1. Global market review 2. US market review 3. Canada market review 4. Latin America market review 5. EMEA
More informationGLOBAL FIXED INCOME LEAGUE TABLES FY 2017
GLOBAL FIXED INCOME LEAGUE TABLES FY 217 FULL YEAR 217 MANAGER RANKINGS GLOBAL FIXED INCOME CONTENTS 1. Global market review 2. US market review 3. Canada market review 4. Latin America market review 5.
More informationCANADA CAPITAL MARKETS
CANADA CAPITAL MARKETS LEAGUE TABLES Q1 2018 Q1 2018 MANAGER RANKINGS CANADA CAPITAL MARKETS The Bloomberg Capital Markets Tables represent the top arrangers, bookrunners and advisors across a broad array
More informationGLOBAL FIXED INCOME LEAGUE TABLES. Q Preliminary As of 26 March 2018
GLOBAL FIXED INCOME LEAGUE TABLES Q1 218 Preliminary As of 26 March 218 Q1 218 PRELIMINARY AS OF 26 MARCH 218 MANAGER RANKINGS GLOBAL FIXED INCOME CONTENTS 1. Global market review 2. US market review 3.
More informationGlobal ex US PE / VC Benchmark Commentary Quarter and Year Ending December 31, 2015
Global ex US PE / VC Benchmark Commentary Quarter and Year Ending December 31, 2015 Overview The Cambridge Associates LLC Global ex US Developed Markets Private Equity and Venture Capital (PE/VC) Index
More informationISLAMIC CAPITAL MARKETS
ISLAMIC CAPITAL MARKETS LEAGUE TABLES Q1 218 Q1 218 MANAGER RANKINGS ISLAMIC CAPITAL MARKETS The Bloomberg Capital Markets Tables represent the top arrangers, bookrunners and advisors across a broad array
More informationGLOBAL FIXED INCOME LEAGUE TABLES Q1 2018
GLOBAL FIXED INCOME LEAGUE TABLES Q1 218 Q1 218 MANAGER RANKINGS GLOBAL FIXED INCOME CONTENTS 1. Global market review 2. US market review 3. Canada market review 4. Latin America market review 5. EMEA
More informationBOARD OF DIRECTORS APPROVED:
This communication and the information contained herein does not contain or constitute an offer of securities for sale, or solicitation of an offer to purchase or subscribe securities, in the United States,
More informationI N T ERN AT IONAL B A NKERS A SSOCIA TIO N OF J A P A N
I N T ERN AT IONAL B A NKERS A SSOCIA TIO N OF J A P A N Bank of America Merrill Lynch http://www.japan.ml.com/, http://corp.bankofamerica.com/business/ci Barclays Bank Group http://www.barclays.com, http://www.barclays.co.jp
More informationGlobal Select International Select International Select Hedged Emerging Market Select
International Exchange Traded Fund (ETF) Managed Strategies ETFs provide investors a liquid, transparent, and low-cost avenue to equities around the world. Our research has shown that individual country
More informationMitsubishi UFJ Securities Holdings Business Strategy. January 2013
Mitsubishi UFJ Securities Holdings Business Strategy January 2013 This document contains forward-looking statements in regard to forecasts, targets and plans of Mitsubishi UFJ Financial Group, Inc. ( MUFG
More informationHoldings Report GS Sterling Liquid Reserves Fund
As of 08-03-2018 Holdings Report GS Sterling Liquid Reserves Fund Portfolio holdings may not be representative of current or future investments. Future portfolio holdings may not be profitable. Description
More informationHoldings Report GS Sterling Liquid Reserves Fund
As of 05-04-2018 Holdings Report GS Sterling Liquid Reserves Fund Portfolio holdings may not be representative of current or future investments. Future portfolio holdings may not be profitable. Description
More informationBalanced Select Portfolio Pn
Factsheet as at : September 22, 2018 Balanced Select Portfolio Pn Fund objective This portfolio aims to provide long-term capital growth while keeping risk in a target volatility range of 8-10% over a
More informationBalanced Plus Select Portfolio Pn
Factsheet as at : August 25, 2018 Balanced Plus Select Portfolio Pn Fund objective This portfolio aims to provide long-term capital growth while keeping risk in a target volatility range of 10-12% over
More informationJPMorgan Ultra-Short Income ETF Schedule of Portfolio Investments as of May 31, (Unaudited)
Schedule of Portfolio Investments as of May 31, 2017 (Unaudited) THE UNAUDITED CERTIFIED MUTUAL FUNDS HOLDINGS LIST ( the List ) IS TO BE USED FOR REPORTING PURPOSES ONLY. IT IS NOT TO BE REPRODUCED FOR
More informationCANADA CAPITAL MARKETS
CANADA CAPITAL MARKETS LEAGUE TABLES Q1 2018 Preliminary As of 26 March 2018 Q1 2018 PRELIMINARY AS OF 26 MARCH 2018 MANAGER RANKINGS CANADA CAPITAL MARKETS The Bloomberg Capital Markets Tables represent
More informationCOUNTRY COST INDEX JUNE 2013
COUNTRY COST INDEX JUNE 2013 June 2013 Kissell Research Group, LLC 1010 Northern Blvd., Suite 208 Great Neck, NY 11021 www.kissellresearch.com Kissell Research Group Country Cost Index - June 2013 2 Executive
More informationmergermarket s Q M&A House League Tables of Financial Advisers to European M&A
April 17, 2006 Contact Information: Janice Tsang (deal queries, submissions etc) janice.tsang@mergermarket.com Tel: +44 (0)20 7059 6179 Hannah Bagshawe (PR) hannah.bagshawe@mergermarket.com Tel: +44 (0)20
More informationThe Capital Requirements (Country-by-Country Reporting) Regulations December 2017
HSBC Holdings plc The Capital Requirements (Country-by-Country Reporting) Regulations 2013 31 December 2017 This report has been prepared for HSBC Holdings plc and its subsidiaries (the HSBC Group ) to
More informationCHINA CAPITAL MARKETS
CHINA CAPITAL MARKETS LEAGUE TABLES Q1 219 The Capital Markets Tables represent the top arrangers, bookrunners and advisors across a broad array of deal types including loans, bonds, equity and M&A transactions;
More informationISLAMIC CAPITAL MARKETS
ISLAMIC CAPITAL MARKETS LEAGUE TABLES Q1 218 Preliminary As of 26 March 218 Q1 218 PRELIMINARY AS OF 26 MARCH 218 MANAGER RANKINGS ISLAMIC CAPITAL MARKETS The Bloomberg Capital Markets Tables represent
More informationWorld s Best Investment Bank Awards 2018
Global Finance will publish its selections for the 19th Annual World s Best Investment Banks in the April 2018 issue. Winners will be honored at an awards ceremony in New York City in March, and all award
More informationIOOF. International Equities Portfolio NZD. Quarterly update
IOOF NZD Quarterly update For the period ended 30 September 2018 Contents Overview 2 Portfolio at glance 3 Performance 4 Asset allocation 6 Overview At IOOF, we have been helping Australians secure their
More informationGlobal ex US PE / VC Benchmark Commentary Quarter Ending September 30, 2016
Global ex US PE / VC Benchmark Commentary Quarter Ending September 30, 2016 Overview In USD terms, the Cambridge Associates LLC Global ex US Developed Markets Private Equity and Venture Capital Index returned
More informationAsia. S&C s Hong Kong office operates as Sullivan & Cromwell (Hong Kong). SELECTED REPRESENTATIONS
Asia Sullivan & Cromwell has maintained a presence in Asia for nearly a century. Through high-quality legal service, S&C has established a distinguished legal practice across the continent. Today, more
More informationCANADA CAPITAL MARKETS
CANADA CAPITAL MARKETS LEAGUE TABLES Q1 2019 Preliminary As of 22 March 2019 Q1 2019 PRELIMINARY AS OF 22 MARCH 2019 MANAGER RANKINGS CANADA CAPITAL MARKETS The Capital Markets Tables represent the top
More informationGLOBAL EQUITY CAPITAL MARKET
GLOBAL EQUITY CAPITAL MARKET LEAGUE TABLES FY 216 FY 216 MANAGER RANKINGS GLOBAL EQUITY, EQUITY LINKED & RIGHTS CONTENTS 1. Global market review 2. US market review 3. Canada market review 4. Latin America
More informationSchedule of Investments November 30, 2017 (Unaudited) Invesco Liquid Assets Portfolio. Commercial Paper 52.14% (a)
Schedule of Investments November 30, 2017 (Unaudited) Invesco Liquid Assets Portfolio Commercial Paper 52.14% (a) Asset-Backed Securities - Fully Supported 6.04% Bennington Stark Capital Co., LLC (CEP-Societe
More informationIT ONLY TAKES ONE INDEX TO CAPTURE THE WORLD THE MODERN INDEX STRATEGY. msci.com
IT ONLY TAKES ONE INDEX TO CAPTURE THE WORLD THE MODERN INDEX STRATEGY msci.com MSCI DELIVERS THE MODERN INDEX STRATEGY The MSCI ACWI Index, MSCI s flagship global equity benchmark, is designed to represent
More informationH S B C H O L D I N G S P L C HSBC HOLDINGS PLC THE CAPITAL REQUIREMENTS. (Country-by-Country Reporting) REGULATION 2013
HSBC HOLDINGS PLC THE CAPITAL REQUIREMENTS (Country-by-Country Reporting) REGULATION 2013 31 December 2015 This report has been prepared for HSBC Holdings plc and its subsidiaries (the HSBC Group ) to
More informationFirst ever quarter with over 200m Gross Profit
11 July 2018 and H1 2018 Trading Update Steve Ingham Kelvin Stagg Chief Executive Officer Chief Financial Officer First ever quarter with over 200m Gross Profit LSE: PAGE.L Website: http://www.page.com/investors
More informationBNY Mellon EMEA Order Handling and Execution Policy List of Execution Venues. For Professional Clients
BNY Mellon EMEA Order Handling and Execution Policy List of Execution Venues For Professional Clients Effective date: 3 rd January 2018 Version number: 1.0 1. Introduction In accordance with regulatory
More informationEnhanced Disclosure Task Force 2015 Progress Report Appendix 4: Leading Practice Examples of EDTF Recommendations. October 2015
Enhanced Disclosure Task Force 2015 Progress Report Appendix 4: Leading Practice Examples of EDTF Recommendations October 2015 1 Table of Contents Page 1 General recommendations 4 2 Risk governance and
More informationHow Do I Wire My Stock Plan Proceeds?
How Do I Wire My Stock Plan Proceeds? As the service provider for your company s stock plans, Morgan Stanley offers an automated way to transfer proceeds directly to your financial institution of choice.
More informationDEALS LEAGUE TABLE & CONTENT ENHANCEMENTS
DEALS LEAGUE TABLE & CONTENT ENHANCEMENTS March 2016 Thomson Reuters is pleased to present the comprehensive set of standard League Table sessions for 2016 incorporating a series of new and revised rankings
More informationSpecial Feature. Leveraging Our Strengths. Mitsubishi UFJ Financial Group Corporate Review
Special Feature Leveraging Our Strengths Mitsubishi UFJ Financial Group Corporate Review 2012 15 +29% Growth of gross profits in Asia Leveraging Our Strengths for Sustainable Growth 16 Mitsubishi UFJ Financial
More informationSan Francisco Retiree Health Care Trust Fund Education Materials on Public Equity
M E K E T A I N V E S T M E N T G R O U P 5796 ARMADA DRIVE SUITE 110 CARLSBAD CA 92008 760 795 3450 fax 760 795 3445 www.meketagroup.com The Global Equity Opportunity Set MSCI All Country World 1 Index
More informationECONOMIC FORECAST MONITOR A summary of global and national projections
CENTRALE BANK VAN ARUBA ECONOMIC FORECAST MONITOR A summary of global and national projections March 20, 2018 Executive summary... i I. International quarterly and annual forecasts... 1 A. United States...
More informationRisks and Opportunities in Global Equities Today BCI Global Investment Conference Tom Mann, CFA Senior Portfolio Manager
Risks and Opportunities in Global Equities Today BCI Global Investment Conference Tom Mann, CFA Senior Portfolio Manager June 2017 For professional investors only. Not suitable for retail clients 05/06/2017
More information!!!1!!!!!!!!!!!!!!!!!!!!!!!!!!!!! The Association of Real Estate Funds & Property Funds Research
1 The Association of Real Estate Funds & Property Funds Research Global Real Estate Funds Review H1 216 Contents CONTENTS 2 EXECUTIVE SUMMARY 3 UNLISTED FUND UNIVERSE: OVERVIEW (EX FOF) 6 UNLISTED FUNDS
More informationHow is Brexit Going to Affect European Financial Markets?
How is Brexit Going to Affect European Financial Markets? Milan Simacek Czech National Bank 27- th Economic Forum Krynica Zdrój, Poland, September 5 7, 2017 1 United Kingdom versus European Union What
More informationNORTH AMERICAN UPDATE
NORTH AMERICAN UPDATE December 6 th, 2018 INNOVATION INSIGHT GROWTH SINCE 1968 TOUGH YEAR FOR RETURNS AROUND THE WORLD Index Year-to-date Performance MSCI World -1.2% MSCI USA 3.9% MSCI Canada -3.9% MSCI
More informationUS Economic Indicators: Import Prices, PPI, & CPI
US Economic Indicators: Import Prices, PPI, & CPI December 1, 17 Dr. Edward Yardeni 51-97-73 eyardeni@ Debbie Johnson --1333 djohnson@ Please visit our sites at blog. thinking outside the box Table Of
More informationAnother quarter of double digit growth
11 April 2018 2018 Trading Update Steve Ingham Kelvin Stagg Chief Executive Officer Chief Financial Officer Another quarter of double digit growth LSE: PAGE.L Website: http://www.page.com/investors Headline
More informationAll-Country Equity Allocator February 2018
Leila Heckman, Ph.D. lheckman@dcmadvisors.com 917-386-6261 John Mullin, Ph.D. jmullin@dcmadvisors.com 917-386-6262 Charles Waters cwaters@dcmadvisors.com 917-386-6264 All-Country Equity Allocator February
More informationHoldings Report Goldman Sachs USD Liquid Reserves Fund
As of 03-30-2018 Holdings Report Goldman Sachs USD Liquid Reserves Fund Portfolio holdings may not be representative of current or future investments. Future portfolio holdings may not be profitable. Description
More informationNo October 2013
DEVELOPING AND TRANSITION ECONOMIES ABSORBED MORE THAN 60 PER CENT OF GLOBAL FDI INFLOWS A RECORD SHARE IN THE FIRST HALF OF 2013 EMBARGO The content of this Monitor must not be quoted or summarized in
More informationBLOCKCHAIN. Bureaucracy Killer MILOVAN PASINI, CO-FOUNDER NIKOLA JOKIĆ, CO-FOUNDER. kip.investmens
BLOCKCHAIN Bureaucracy Killer MILOVAN PASINI, CO-FOUNDER NIKOLA JOKIĆ, CO-FOUNDER kip.investmens 1 CONTENT 01 BLOCKCHAIN Distributed Ledger Cryptocurrency 02 DEVELOPMENT Progress Investments 03 APPLICATIONS
More informationAll-Country Equity Allocator July 2018
Leila Heckman, Ph.D. lheckman@dcmadvisors.com 917-386-6261 John Mullin, Ph.D. jmullin@dcmadvisors.com 917-386-6262 Allison Hay ahay@dcmadvisors.com 917-386-6264 All-Country Equity Allocator July 2018 A
More informationSMALL CAP M&A REVIEW FINANCIAL ADVISORS. REUTERS / USA Today Sports
SMALL CAP M&A REVIEW FINANCIAL ADVISORS REUTERS / USA Today Sports Full Year 01 Full Year 01 SmallCap M&A Up To US$0m s Worldwide SmallCap Rankings (MM1a) MM1a Undisclosed Values & Values up to US$0m Jan
More informationChart Collection for Morning Briefing
Chart Collection for Morning Briefing February 12, 219 Dr. Edward Yardeni 516-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at blog. thinking outside the box 25 Figure
More informationFY2016 Financial Summary
Financial Summary Mitsubishi UFJ Securities Holdings Co., Ltd. April, 217 Contents Consolidated Financial Results Consolidated Performance Highlights P2 Net Operating Revenue and SG & A P3 Overview by
More informationM&A. Predictor? What is KPMG s M&A 13% Global M&A levels expected to stay strong in Capacity (net debt/ebitda) Appetite (Forward P/E ratios)
M&A February 2016 Predictor Global M&A levels expected to stay strong in 2016 After a strong year for M&A in key markets during 2015, analysts expect the world s largest corporates to maintain the positive
More informationFTSE All-World High Dividend Yield
FTSE Russell Factsheet High Dividend Index Data as at: 31 August 2018 bmktitle1 The High Dividend Index comprises stocks that are characterized by higherthan-average dividend yields, and is based on the
More informationWhy are almost all ABCP vehicles sponsored by non-u.s. banks?
Why are almost all ABCP vehicles sponsored by non-u.s. banks? Carlos Arteta Mark Carey Ricardo Correa Federal Reserve Board These slides discuss very preliminary results of ongoing work. They represent
More informationJPMorgan International Value Fund Schedule of Portfolio Investments as of January 31, 2018 (Unaudited)
Schedule of Portfolio Investments as of January 31, 2018 (Unaudited) THE UNAUDITED CERTIFIED MUTUAL FUNDS HOLDINGS LIST ( the List ) IS TO BE USED FOR REPORTING PURPOSES ONLY. IT IS NOT TO BE REPRODUCED
More informationCounterparty Credit Default Swap Rates
Counterparty Credit Default Swap Rates 1 December 2017 This information is for financial advisers only and should not be presented to, or relied upon by, private investors. 1 Credit default swaps Bloomberg/Meteor
More informationCounterparty Credit Default Swap Rates
Counterparty Credit Default Swap Rates 22 June 2018 This information is for financial advisers only and should not be presented to, or relied upon by, private investors. 1 Credit default swaps Bloomberg/Meteor
More informationJPMorgan Liquid Assets Money Market Fund Schedule of Portfolio Investments as of November 30, 2017 (Unaudited)
Schedule of Portfolio Investments as of November 30, 2017 (Unaudited) THE UNAUDITED CERTIFIED MUTUAL FUNDS HOLDINGS LIST ( the List ) IS TO BE USED FOR REPORTING PURPOSES ONLY. IT IS NOT TO BE REPRODUCED
More information2017 Global Trends in Investor Relations
0 2017 Global Trends in Investor Relations Primacy of Geopolitical Risk Geopolitical risk is still the number one concern for companies globally. Concern is increasing regarding the impact of emerging
More information3QFY2017 Financial Summary
Financial Summary Mitsubishi UFJ Securities Holdings Co., Ltd. January, 218 Contents Consolidated Financial Results Consolidated Performance Highlights P2 Net Operating Revenue and SG & A P3 Overview by
More informationCounterparty Credit Default Swap Rates
Counterparty Credit Default Swap Rates 20 April 2018 This information is for financial advisers only and should not be presented to, or relied upon by, private investors. 1 Credit default swaps Bloomberg/Meteor
More informationCounterparty Credit Default Swap Rates
Counterparty Credit Default Swap Rates 27 April 2018 This information is for financial advisers only and should not be presented to, or relied upon by, private investors. 1 Credit default swaps Bloomberg/Meteor
More information