GLOBAL FIXED INCOME - bbhub.io · Global Fixed Income | H1 2016. ... Firm Rank Mkt Share(%) Volume ... Bank of America Merrill Lynch 6 3.575 41,250 243 4 4.137 -0.562
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GLOBALFIXED INCOMELEAGUE TABLES
H1 2016
CONTENTS
1. Global market review2. US market review3. Canada market review4. Latin America market review5. EMEA market review6. Asia market review7. Table criteria
DATA SUBMISSIONS AND QUERIES
Contact Phone Email
North America Dean Psomaras +1 609 279 3449 newissues@bloomberg.net
EMEA Benjamin Biset +44 20 3525 7238 emeacapmkts@bloomberg.net
Asia Pacific Carissa Chua +65 6231 3665 nimap@bloomberg.net
Bloomberg’s corporate bond database consists of more than 1.9 million active securities--including convertible bonds and preferred securities--along with more than 4.1 million matured, called or retired bonds, covering over 24,000 unique issuers across more than 130 countries and 100 different currencies.
LEAG<GO> for a full range of league tables
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Due to the dynamic nature of the Professional Service product, league table rankings may vary between this release and data found on the Bloomberg Professional Service.
H1 2016
MANAGER RANKINGS
GLOBAL FIXED INCOME
© 2016 Bloomberg Finance L.P. All rights reserved.
Bloomberg GlobalFixedIncome|H12016
BloombergLeagueTableReports Page1
GlobalFixedIncomeReviewH12016creditedCorporate&FinancialBondsvolumedecreased1.65%toUSD2.2Trlnwhiledealcountdecreased5.66%to7,923offeringsyear-on-year.CorporateBondsvolumedecreased5.37%year-on-yeartoUSD1.1Trlnwhilethedealcountdecreased11.45%to2,992.FinancialBondsvolumeincreased2.05%year-on-yeartoUSD1.2Trlnover4,931deals.JPMorganrankedasthetopCorporate&FinancialBondsunderwriterforH12016with5.89%marketshare.Thebankunderwrote710dealsovertheperiod.CitiandBankofAmericaMerrillLynchrankedsecondandthirdwith5.33%and5.24%marketshare,respectively.
Corporate&FinancialBonds:HighlightsofH12016
Corporate&FinancialBonds:QuarterlyVolume
Q22011
Q22011
Q22012
Q22012
Q22013
Q22013
Q22014
Q22014
Q22015
Q22015
QuartersQuarters
Q22016
Q22016
200200
400400
600600
800800
1,0001,000
1,2001,200
USDBln
USDBln
00
1,4001,400
1,0001,000
2,0002,000
3,0003,000
4,0004,000
5,0005,000
DealC
ountDealC
ount
00
6,0006,000
DealCount Other HighYield
InvestmentGrade
TopUnderwriterJPMorgan
Numberofdeals 710
Volume(USDMln) 130,603
AvgDealsize(USDMln) 183.9
MarketSummaryNumberofdeals 7,923
Volume(USDMln) 2,216,139
AvgDealsize(USDMln) 279.7
Issuer IndustryVolume(USD
Mln) Date
Anheuser-BuschInBevFinanceInc ConsumerStaples
11,000 01/13/2016
Anheuser-BuschInBevFinanceInc ConsumerStaples
11,000 01/13/2016
Anheuser-BuschInBevFinanceInc ConsumerStaples
7,500 01/13/2016
Anheuser-BuschInBevFinanceInc ConsumerStaples
6,000 01/13/2016
Anheuser-BuschInBevFinanceInc ConsumerStaples
6,000 01/13/2016
Numericable-SFRSA Communications 5,190 04/06/2016
PetrobrasGlobalFinanceBV Energy 5,000 05/17/2016
IndustrialBankCoLtd Financials 4,631 04/06/2016
Diamond1FinanceCorp/Diamond2FinanceCorp
Technology 4,500 05/17/2016
Diamond1FinanceCorp/Diamond2FinanceCorp
Technology 4,500 05/17/2016
Financials53%
ConsumerDiscretionary8%
Industrials7%
ConsumerStaples6%
Energy5%
Others20%
GlobalCorporateLeveragedFinance:QuarterlyVolume
Q22011
Q22011
Q22012
Q22012
Q22013
Q22013
Q22014
Q22014
Q22015
Q22015
QuartersQuarters
Q22016
Q22016
200200
USDBln
USDBln
00
400400
CorporateHighYieldBonds
GlobalSponsor-LedLoans
Corporate&FinancialBonds:IndustryBreakdown
Corporate&FinancialBonds:SpreadtoBenchmark
Q22011
Q22011
Q22012
Q22012
Q22013
Q22013
Q22014
Q22014
Q22015
Q22015
QuartersQuarters
Q22016
Q22016
200200
400400
600600
Basispoints
Basispoints
00
700700
HighYield
InvestmentGrade
53%
8%
7%
6%
5%
20%
Bloomberg GlobalFixedIncome|H12016
BloombergLeagueTableReports Page2
CorporateBondsH12016 H12015
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
JPMorgan 1 7.072 75,120 437 1 8.305 -1.233
BankofAmericaMerrillLynch 2 7.043 74,812 444 2 7.167 -0.124
Citi 3 6.354 67,497 426 3 5.912 0.442
DeutscheBank 4 5.366 56,996 307 5 5.658 -0.292
Barclays 5 5.091 54,074 344 6 5.543 -0.452
GoldmanSachs 6 4.386 46,584 284 7 4.943 -0.557
HSBC 7 3.306 35,119 235 8 4.121 -0.815
MorganStanley 8 3.279 34,834 301 4 5.734 -2.455
BNPParibas 9 3.157 33,530 235 11 3.028 0.129
WellsFargo 10 2.914 30,949 221 10 3.340 -0.426
MizuhoFinancial 11 2.703 28,711 279 13 2.329 0.374
CreditSuisse 12 2.367 25,145 159 9 3.530 -1.163
RBCCapitalMarkets 13 2.365 25,124 173 12 2.421 -0.056
SocieteGenerale 14 1.940 20,610 147 15 1.894 0.046
MitsubishiUFJFinancial 15 1.782 18,934 152 14 1.924 -0.142
BancoSantander 16 1.529 16,246 102 26 0.732 0.797
UBS 17 1.405 14,927 123 17 1.341 0.064
CreditAgricoleCIB 18 1.344 14,277 112 18 1.285 0.059
UniCredit 19 1.338 14,212 80 25 0.825 0.513
INGGroep 20 1.335 14,180 88 29 0.617 0.718
TOTAL 100% 1,062,211 2,992 100%
FinancialBondsH12016 H12015
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
HSBC 1 4.923 56,812 307 8 3.682 1.241
JPMorgan 2 4.808 55,483 273 1 5.638 -0.830
Citi 3 4.390 50,662 269 2 4.940 -0.550
GoldmanSachs 4 4.079 47,068 209 3 4.320 -0.241
MorganStanley 5 3.927 45,319 235 6 4.011 -0.084
BankofAmericaMerrillLynch 6 3.575 41,250 243 4 4.137 -0.562
DeutscheBank 7 3.154 36,393 192 9 3.661 -0.507
Barclays 8 3.075 35,479 196 10 3.333 -0.258
CreditSuisse 9 2.954 34,089 161 5 4.081 -1.127
WellsFargo 10 2.839 32,758 122 14 1.780 1.059
UBS 11 2.677 30,885 183 7 3.732 -1.055
CreditAgricoleCIB 12 2.340 26,997 154 13 1.993 0.347
BNPParibas 13 2.202 25,411 139 12 1.995 0.207
RBCCapitalMarkets 14 1.595 18,407 111 11 2.104 -0.509
SocieteGenerale 15 1.548 17,857 106 16 1.429 0.119
Natixis 16 1.459 16,831 84 15 1.605 -0.146
GuotaiJunanSecuritiesCoLtd 17 1.449 16,723 52 38 0.653 0.796
ChinaSecuritiesCoLtd 18 1.393 16,077 72 30 0.778 0.615
CITICSecuritiesCoLtd 19 1.187 13,697 55 17 1.411 -0.224
LandesbankBaden-Wuerttemberg 20 1.118 12,906 81 29 0.786 0.332
TOTAL 100% 1,153,927 4,931 100%
SyndicatedGovernmentBondsH12016 H12015
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Barclays 1 9.073 76,328 225 1 8.689 0.384
HSBC 2 7.727 65,001 297 2 7.504 0.223
JPMorgan 3 7.210 60,653 299 4 5.394 1.816
Citi 4 6.458 54,328 209 3 6.066 0.392
GoldmanSachs 5 4.958 41,713 141 8 4.317 0.641
BankofAmericaMerrillLynch 6 4.893 41,161 188 7 4.332 0.561
DeutscheBank 7 4.780 40,213 175 5 5.268 -0.488
BNPParibas 8 4.509 37,930 118 9 3.926 0.583
TDSecurities 9 4.092 34,422 198 6 4.377 -0.285
Nomura 10 3.258 27,410 176 10 3.568 -0.310
MorganStanley 11 3.056 25,709 129 11 3.134 -0.078
CreditAgricoleCIB 12 2.492 20,966 102 14 2.563 -0.071
SocieteGenerale 13 2.400 20,186 68 16 1.887 0.513
UniCredit 14 2.175 18,297 81 13 2.710 -0.535
RBCCapitalMarkets 15 1.749 14,716 86 12 2.760 -1.011
WellsFargo 16 1.651 13,887 188 15 2.061 -0.410
Scotiabank 17 1.618 13,612 40 24 1.020 0.598
RBS 18 1.563 13,150 47 18 1.706 -0.143
BMOCapitalMarkets 19 1.377 11,585 54 21 1.382 -0.005
NationalBankFinancialInc 20 1.294 10,883 75 20 1.393 -0.099
TOTAL 100% 841,246 2,794 100%
InternationalBondsH12016 H12015
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
JPMorgan 1 7.969 174,894 883 1 7.954 0.015
Barclays 2 6.926 152,003 657 2 6.819 0.107
HSBC 3 6.706 147,171 743 4 6.080 0.626
Citi 4 6.699 147,013 744 3 6.747 -0.048
BankofAmericaMerrillLynch 5 6.372 139,835 698 6 5.826 0.546
GoldmanSachs 6 5.549 121,774 521 7 5.375 0.174
DeutscheBank 7 5.343 117,246 560 5 6.040 -0.697
BNPParibas 8 4.328 94,987 468 10 3.740 0.588
MorganStanley 9 3.658 80,282 373 8 4.949 -1.291
CreditAgricoleCIB 10 2.811 61,699 354 11 2.596 0.215
SocieteGenerale 11 2.665 58,491 322 12 2.397 0.268
CreditSuisse 12 2.580 56,625 294 9 3.931 -1.351
WellsFargo 13 2.189 48,040 254 14 2.176 0.013
UniCredit 14 1.977 43,389 244 16 1.846 0.131
UBS 15 1.937 42,508 235 13 2.234 -0.297
RBCCapitalMarkets 16 1.878 41,220 257 15 2.087 -0.209
TDSecurities 17 1.656 36,334 166 20 1.246 0.410
BancoSantander 18 1.487 32,630 165 22 1.126 0.361
MizuhoFinancial 19 1.487 32,629 296 21 1.130 0.357
RBS 20 1.370 30,074 140 17 1.771 -0.401
TOTAL 100% 2,194,579 5,103 100%
Bloomberg GlobalFixedIncome|H12016
BloombergLeagueTableReports Page3
GlobalBondsH12016 H12015
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
JPMorgan 1 11.372 85,368 346 1 11.990 -0.618
BankofAmericaMerrillLynch 2 9.743 73,140 302 2 9.103 0.640
Citi 3 8.704 65,339 260 3 8.697 0.007
Barclays 4 8.509 63,879 210 4 8.584 -0.075
GoldmanSachs 5 6.461 48,505 169 5 8.287 -1.826
HSBC 6 6.432 48,284 123 8 5.435 0.997
MorganStanley 7 6.013 45,143 152 6 8.106 -2.093
DeutscheBank 8 4.916 36,903 138 7 6.269 -1.353
WellsFargo 9 4.808 36,092 161 9 5.033 -0.225
BNPParibas 10 3.622 27,193 108 13 2.630 0.992
TDSecurities 11 3.592 26,962 84 12 2.942 0.650
RBCCapitalMarkets 12 3.175 23,836 104 11 3.018 0.157
MizuhoFinancial 13 2.465 18,502 123 15 1.955 0.510
MitsubishiUFJFinancial 14 1.655 12,427 78 16 1.627 0.028
Nomura 15 1.602 12,028 21 17 1.391 0.211
CreditSuisse 16 1.476 11,081 56 10 3.463 -1.987
Scotiabank 17 1.135 8,520 33 19 0.922 0.213
BMOCapitalMarkets 18 1.121 8,413 29 18 0.972 0.149
UBS 19 1.115 8,368 54 14 2.217 -1.102
SocieteGenerale 20 1.085 8,143 44 21 0.684 0.401
TOTAL 100% 750,705 803 100%
CorporateHighYieldBondsH12016 H12015
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
BankofAmericaMerrillLynch 1 7.332 15,744 113 5 6.854 0.478
Citi 2 6.898 14,811 98 2 7.134 -0.236
GoldmanSachs 3 6.656 14,292 98 4 7.020 -0.364
JPMorgan 4 6.406 13,754 123 1 7.714 -1.308
DeutscheBank 5 6.350 13,635 86 3 7.072 -0.722
Barclays 6 5.780 12,411 94 8 5.396 0.384
CreditSuisse 7 4.637 9,957 68 7 5.644 -1.007
GuotaiJunanSecuritiesCoLtd 8 4.310 9,254 14 67 0.119 4.191
MorganStanley 9 3.286 7,055 68 6 6.261 -2.975
WellsFargo 10 2.992 6,424 60 10 3.326 -0.334
UBS 11 2.633 5,654 32 11 3.197 -0.564
CITICSecuritiesCoLtd 12 2.504 5,376 10 33 0.528 1.976
ChinaSecuritiesCoLtd 13 2.502 5,372 10 45 0.274 2.228
HSBC 14 2.366 5,080 40 12 2.352 0.014
RBCCapitalMarkets 15 2.325 4,992 49 9 3.421 -1.096
CreditAgricoleCIB 16 1.884 4,045 28 16 1.560 0.324
BNPParibas 17 1.774 3,808 38 13 2.142 -0.368
Industrial&CommBankofChina 18 1.471 3,158 5 21 1.013 0.458
HaitongSecuritiesCoLtd 19 1.395 2,996 11 92 0.068 1.327
INGGroep 20 1.240 2,662 24 23 0.879 0.361
TOTAL 100% 214,722 453 100%
Bloomberg GlobalFixedIncome|H12016
BloombergLeagueTableReports Page4
USFixedIncomeReviewH12016creditedUSCorporateBondsvolumedecreased6.84%toUSD876.5Blnwhiledealcountdecreased28.72%to1,189offeringsyear-on-year.USInvestmentGradeCorporateBondsvolumedecreased1.20%year-on-yeartoUSD734.7Blnwhilethedealcountdecreased24.72%to926.USHighYieldCorporateBondsvolumedecreased34.38%year-on-yeartoUSD126.1Blnover205deals.JPMorganrankedasthetopUSCorporateBondsunderwriterforH12016with11.76%marketshare.Thebankunderwrote512dealsovertheperiod.BankofAmericaMerrillLynchandCitirankedsecondandthirdwith10.57%and9.65%marketshare,respectively.
USCorporateBonds:HighlightsofH12016
USDomesticBonds:QuarterlyVolume
Q22011
Q22011
Q22012
Q22012
Q22013
Q22013
Q22014
Q22014
Q22015
Q22015
QuartersQuarters
Q22016
Q22016
200200
400400
600600
USDBln
USDBln
00
700700
500500
1,0001,000
1,5001,500
DealC
ountDealC
ount
00
1,8001,800
DealCount Other HighYield
InvestmentGrade
TopUnderwriterJPMorgan
Numberofdeals 512
Volume(USDMln) 103,055
AvgDealsize(USDMln) 201.3
MarketSummaryNumberofdeals 1,189
Volume(USDMln) 876,490
AvgDealsize(USDMln) 737.2
Issuer IndustryVolume(USD
Mln) Date
Anheuser-BuschInBevFinanceInc ConsumerStaples
11,000 01/13/2016
Anheuser-BuschInBevFinanceInc ConsumerStaples
11,000 01/13/2016
Anheuser-BuschInBevFinanceInc ConsumerStaples
7,500 01/13/2016
Anheuser-BuschInBevFinanceInc ConsumerStaples
6,000 01/13/2016
Anheuser-BuschInBevFinanceInc ConsumerStaples
6,000 01/13/2016
Numericable-SFRSA Communications 5,190 04/06/2016
PetrobrasGlobalFinanceBV Energy 5,000 05/17/2016
Diamond1FinanceCorp/Diamond2FinanceCorp
Technology 4,500 05/17/2016
Diamond1FinanceCorp/Diamond2FinanceCorp
Technology 4,500 05/17/2016
OracleCorp Technology 4,250 06/29/2016
Financials38%
ConsumerStaples10%
Technology10%
ConsumerDiscretionary10%
Energy8%
HealthCare8%
Communications5%
Utilities5%
Others6%
USLeveragedFinance:QuarterlyVolume
Q22011
Q22011
Q22012
Q22012
Q22013
Q22013
Q22014
Q22014
Q22015
Q22015
QuartersQuarters
Q22016
Q22016
200200
400400
USDBln
USDBln
00
500500
USLeveragedLoans
USHighYieldCorporateBonds
USCorporateBonds:IndustryBreakdown
USDomesticBonds:SpreadtoBenchmark
Q22011
Q22011
Q22012
Q22012
Q22013
Q22013
Q22014
Q22014
Q22015
Q22015
QuartersQuarters
Q22016
Q22016
200200
400400
600600
Basispoints
Basispoints
00
700700
HighYield
InvestmentGrade
38%
10%10%
10%
8%
8%
5%5%
6%
Bloomberg GlobalFixedIncome|H12016
BloombergLeagueTableReports Page5
USDomesticBondsH12016 H12015
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
JPMorgan 1 11.039 135,813 603 1 11.600 -0.561
BankofAmericaMerrillLynch 2 9.549 117,481 628 2 10.152 -0.603
Citi 3 9.547 117,466 542 3 9.009 0.538
Barclays 4 7.620 93,747 406 4 7.560 0.060
GoldmanSachs 5 6.972 85,782 415 5 7.364 -0.392
WellsFargo 6 5.962 73,348 504 8 5.601 0.361
HSBC 7 5.868 72,196 274 9 4.534 1.334
DeutscheBank 8 5.590 68,774 301 7 5.998 -0.408
MorganStanley 9 5.460 67,178 367 6 7.216 -1.756
BNPParibas 10 2.969 36,526 167 12 2.440 0.529
RBCCapitalMarkets 11 2.764 34,003 184 11 2.859 -0.095
CreditSuisse 12 2.747 33,792 154 10 4.396 -1.649
TDSecurities 13 2.432 29,918 125 14 1.842 0.590
MizuhoFinancial 14 2.136 26,280 189 15 1.576 0.560
Nomura 15 1.661 20,438 74 17 1.303 0.358
UBS 16 1.641 20,192 120 13 1.889 -0.248
MitsubishiUFJFinancial 17 1.495 18,388 128 16 1.435 0.060
BancoSantander 18 1.020 12,553 54 32 0.252 0.768
USBancorp 19 0.901 11,091 92 22 0.690 0.211
CreditAgricoleCIB 20 0.846 10,408 72 20 0.793 0.053
TOTAL 100% 1,230,354 2,288 100%
USAgencyBondsH12016 H12015
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Barclays 1 11.049 31,915 129 1 12.145 -1.096
WellsFargo 2 7.752 22,392 485 2 9.381 -1.629
Citi 3 7.555 21,821 206 9 4.136 3.419
Nomura 4 6.538 18,885 108 4 6.698 -0.160
FTNFinancial 5 5.809 16,778 559 7 4.705 1.104
TDSecurities 6 5.355 15,468 114 6 4.964 0.391
DeutscheBank 7 5.090 14,703 106 8 4.203 0.887
JPMorgan 8 4.690 13,546 148 3 6.702 -2.012
MorganStanley 9 4.070 11,756 320 5 5.101 -1.031
GoldmanSachs 10 3.796 10,964 113 22 1.411 2.385
HSBC 11 3.305 9,547 63 10 2.708 0.597
Incapital 12 3.271 9,449 562 12 2.632 0.639
BankofAmericaMerrillLynch 13 3.213 9,279 285 15 2.371 0.842
Jefferies 14 2.523 7,287 208 11 2.635 -0.112
DaiwaSecurities 15 2.503 7,230 191 18 2.010 0.493
Stifel 16 2.289 6,613 461 14 2.417 -0.128
ViningSparks 17 2.136 6,171 509 13 2.483 -0.347
SunTrustRobinsonHumphrey 18 1.912 5,523 429 20 1.735 0.177
CantorFitzgerald 19 1.631 4,712 116 17 2.097 -0.466
INTLFCStoneInc 20 1.617 4,670 226 26 0.992 0.625
TOTAL 100% 288,839 3,713 100%
USCorporateBondsH12016 H12015
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
JPMorgan 1 11.758 103,055 512 1 12.708 -0.950
BankofAmericaMerrillLynch 2 10.567 92,619 511 2 10.874 -0.307
Citi 3 9.652 84,600 432 3 9.231 0.421
GoldmanSachs 4 7.184 62,964 334 4 7.838 -0.654
WellsFargo 5 6.795 59,561 317 8 5.748 1.047
Barclays 6 6.165 54,035 319 6 6.383 -0.218
MorganStanley 7 6.119 53,635 300 5 7.827 -1.708
DeutscheBank 8 5.597 49,055 239 7 5.806 -0.209
HSBC 9 4.958 43,459 159 10 3.595 1.363
CreditSuisse 10 3.592 31,479 145 9 5.163 -1.571
RBCCapitalMarkets 11 3.160 27,698 172 11 3.193 -0.033
MizuhoFinancial 12 2.554 22,387 165 13 1.992 0.562
BNPParibas 13 2.376 20,827 128 14 1.878 0.498
UBS 14 1.994 17,480 108 12 2.384 -0.390
MitsubishiUFJFinancial 15 1.919 16,822 121 15 1.828 0.091
USBancorp 16 1.265 11,091 92 19 0.896 0.369
BancoSantander 17 1.087 9,525 44 28 0.285 0.802
TDSecurities 18 1.080 9,465 56 22 0.645 0.435
CreditAgricoleCIB 19 1.074 9,416 66 17 0.974 0.100
SocieteGenerale 20 0.989 8,666 57 18 0.953 0.036
TOTAL 100% 876,489 1,189 100%
USDollarForeignIssuerBondsH12016 H12015
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
HSBC 1 9.676 62,792 240 3 7.926 1.750
JPMorgan 2 9.512 61,728 248 2 8.217 1.295
Citi 3 7.972 51,733 248 1 9.247 -1.275
BankofAmericaMerrillLynch 4 7.688 49,895 228 4 7.582 0.106
Barclays 5 5.802 37,651 142 6 6.607 -0.805
GoldmanSachs 6 5.617 36,453 136 7 5.833 -0.216
DeutscheBank 7 5.461 35,442 125 5 6.970 -1.509
BNPParibas 8 4.258 27,636 95 11 3.364 0.894
MorganStanley 9 4.066 26,385 110 8 5.323 -1.257
CreditSuisse 10 3.037 19,712 84 9 5.081 -2.044
TDSecurities 11 3.006 19,510 58 13 2.333 0.673
RBCCapitalMarkets 12 2.350 15,252 56 12 2.943 -0.593
UBS 13 2.257 14,648 62 10 3.415 -1.158
MizuhoFinancial 14 1.710 11,095 92 19 0.817 0.893
Nomura 15 1.692 10,978 61 15 1.670 0.022
BancoSantander 16 1.688 10,951 40 34 0.344 1.344
StandardCharteredBank 17 1.598 10,373 67 14 1.846 -0.248
MitsubishiUFJFinancial 18 1.507 9,778 54 26 0.598 0.909
CreditAgricoleCIB 19 1.151 7,472 53 17 1.146 0.005
Scotiabank 20 1.067 6,927 26 23 0.696 0.371
TOTAL 100% 648,963 1,236 100%
Bloomberg GlobalFixedIncome|H12016
BloombergLeagueTableReports Page6
USInvestmentGradeCorporateBondsH12016 H12015
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
JPMorgan 1 11.990 88,085 404 1 13.633 -1.643
BankofAmericaMerrillLynch 2 10.373 76,208 402 2 11.061 -0.688
Citi 3 9.678 71,100 349 3 9.236 0.442
WellsFargo 4 7.206 52,943 252 7 5.925 1.281
GoldmanSachs 5 6.929 50,903 252 5 7.643 -0.714
MorganStanley 6 6.384 46,902 236 4 7.916 -1.532
Barclays 7 5.821 42,762 230 6 6.284 -0.463
HSBC 8 5.389 39,589 132 10 4.140 1.249
DeutscheBank 9 5.344 39,261 178 8 5.215 0.129
RBCCapitalMarkets 10 3.190 23,432 134 11 2.763 0.427
CreditSuisse 11 3.177 23,343 91 9 4.842 -1.665
MizuhoFinancial 12 2.840 20,865 151 13 2.343 0.497
BNPParibas 13 2.532 18,604 110 14 2.007 0.525
MitsubishiUFJFinancial 14 2.108 15,490 110 15 1.983 0.125
UBS 15 1.945 14,290 82 12 2.533 -0.588
USBancorp 16 1.448 10,637 83 18 0.897 0.551
TDSecurities 17 1.264 9,286 52 21 0.755 0.509
SocieteGenerale 18 1.142 8,388 54 17 1.054 0.088
SumitomoMitsuiFinancial 19 0.980 7,200 50 22 0.634 0.346
BancoSantander 20 0.915 6,725 34 25 0.309 0.606
TOTAL 100% 734,664 926 100%
USHighYieldCorporateBondsH12016 H12015
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
BankofAmericaMerrillLynch 1 11.051 13,938 96 1 9.826 1.225
Citi 2 10.470 13,206 86 3 9.120 1.350
GoldmanSachs 3 9.272 11,695 83 4 8.770 0.502
JPMorgan 4 9.176 11,573 103 2 9.241 -0.065
Barclays 5 8.620 10,872 79 7 6.861 1.759
DeutscheBank 6 8.100 10,216 63 5 8.075 0.025
CreditSuisse 7 6.576 8,294 53 8 6.349 0.227
MorganStanley 8 5.112 6,447 61 6 7.521 -2.409
WellsFargo 9 4.839 6,103 57 9 5.204 -0.365
RBCCapitalMarkets 10 3.354 4,230 40 10 5.036 -1.682
CreditAgricoleCIB 11 2.713 3,422 21 16 1.320 1.393
UBS 12 2.390 3,014 22 13 1.694 0.696
HSBC 13 2.295 2,895 21 15 1.409 0.886
SunTrustRobinsonHumphrey 14 1.968 2,483 22 12 2.326 -0.358
BNPParibas 15 1.773 2,236 19 14 1.427 0.346
Jefferies 16 1.264 1,594 12 11 2.637 -1.373
MizuhoFinancial 17 1.217 1,535 15 22 0.687 0.530
INGGroep 18 1.081 1,363 11 24 0.611 0.470
MitsubishiUFJFinancial 19 1.067 1,346 12 17 1.271 -0.204
BMOCapitalMarkets 20 0.827 1,043 15 20 0.842 -0.015
TOTAL 100% 126,129 205 100%
USDollarPreferredsH12016 H12015
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
WellsFargo 1 29.088 4,954 40 6 4.622 24.466
BankofAmericaMerrillLynch 2 25.860 4,404 38 2 22.345 3.515
MorganStanley 3 13.649 2,324 35 3 8.636 5.013
UBS 4 8.366 1,425 21 4 7.012 1.354
Citi 5 6.787 1,156 4 15 0.469 6.318
GoldmanSachs 6 4.259 725 2 11 0.722 3.537
JPMorgan 7 3.633 619 7 1 42.188 -38.555
Stifel 8 1.777 303 8 5 5.540 -3.763
RaymondJames&Associates 9 1.605 273 7 16 0.311 1.294
RBCCapitalMarkets 10 1.279 218 6 7 1.754 -0.475
HSBC 11 0.587 100 1 - - -
FBRCapitalMarketsCorp 12 0.499 85 3 - - -
CreditSuisse 13 0.390 66 1 17 0.289 0.101
BB&T 13 0.390 66 1 14 0.470 -0.080
DeutscheBank 13 0.390 66 1 19 0.255 0.135
RobertWBaird&Co 16 0.281 48 2 - - -
BOKFinancialCorp 17 0.220 38 1 - - -
Incapital 18 0.188 32 2 9 0.998 -0.810
WunderlichSecuritiesInc 19 0.166 28 2 19 0.255 -0.089
CSCACapitalAdvisorsLLC 20 0.153 26 1 - - -
TOTAL 100% 17,029 62 100%
Bloomberg GlobalFixedIncome|H12016
BloombergLeagueTableReports Page7
CanadianFixedIncomeReviewH12016creditedCanadianCorporateBondsvolumedecreased22.40%toCAD44.1Blnwhiledealcountdecreased38.52%to83offeringsyear-on-year.CanadianCorporateBonds-Bonusvolumedecreased22.40%year-on-yeartoCAD44.1Blnwhilethedealcountdecreased38.52%to83.CanadianGovernmentBondsvolumeincreased6.86%year-on-yeartoCAD57.1Blnover173deals.RBCCapitalMarketsrankedasthetopCanadianCorporateBondsunderwriterforH12016with26.47%marketshare.Thebankunderwrote39dealsovertheperiod.TDSecuritiesandBMOCapitalMarketsrankedsecondandthirdwith20.41%and19.53%marketshare,respectively.
CanadianCorporateDomesticBonds
H12016 H12015
Firm Rank MktShare(%) Volume(CADMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
RBCCapitalMarkets 1 26.472 11,678 39 1 25.918 0.554
TDSecurities 2 20.408 9,003 32 3 15.467 4.941
BMOCapitalMarkets 3 19.534 8,618 38 5 9.880 9.654
CIBC 4 16.833 7,426 22 4 11.776 5.057
Scotiabank 5 8.529 3,763 20 2 21.178 -12.649
NationalBankFinancialInc 6 4.010 1,769 6 6 6.289 -2.279
BankofAmericaMerrillLynch 7 1.398 617 4 9 0.920 0.478
WellsFargo 8 1.133 500 2 11 0.440 0.693
LaurentianBankofCanada 9 0.680 300 1 10 0.528 0.152
JPMorgan 10 0.567 250 1 13 0.110 0.457
TOTAL 100% 44,114 83 100%
CanadianGovernmentBonds
H12016 H12015
Firm Rank MktShare(%) Volume(CADMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
NationalBankFinancialInc 1 24.843 14,184 73 1 22.188 2.655
Scotiabank 2 17.423 9,948 17 6 9.937 7.486
TDSecurities 3 16.682 9,525 26 4 15.458 1.224
BMOCapitalMarkets 4 16.073 9,177 30 5 13.148 2.925
CIBC 5 12.434 7,099 40 3 18.837 -6.403
RBCCapitalMarkets 6 11.012 6,288 16 2 19.660 -8.648
DesjardinsCapitalMarkets 7 0.876 500 1 8 0.288 0.588
BankofAmericaMerrillLynch 8 0.263 150 1 - - -
HSBC 8 0.263 150 1 - - -
LaurentianBankofCanada 10 0.132 75 5 7 0.485 -0.353
TOTAL 100% 57,094 173 100%
Financials60%
Energy12%
Utilities10%
ConsumerDiscretionary9%
Others10%
CanadianCorporateDomesticBonds:QuarterlyVolume
Q22011
Q22011
Q22012
Q22012
Q22013
Q22013
Q22014
Q22014
Q22015
Q22015
QuartersQuarters
Q22016
Q22016
1010
2020
3030
USDBln
USDBln
00
4040
2020
4040
6060
8080
DealC
ountDealC
ount
00
9090
DealCount Amount
CanadianCorporateDomesticBonds:IndustryBreakdown
60%12%
10%
9%
10%
CanadianCorporateDomesticBonds:ManagerRankingsHistory
RBCCapitalMarkets
TDSecurities
BMOCapitalMarkets
CIBC
Scotiabank
NationalBankFinancialInc
10
20
MarketShare(%
)
0
30
2016 2015 2014
Bloomberg GlobalFixedIncome|H12016
BloombergLeagueTableReports Page8
LatinAmericaFixedIncomeReviewH12016creditedLatinAmericanBondsvolumeincreased9.46%toUSD77.5Blnwhiledealcountdecreased38.43%to173offeringsyear-on-year.LatinAmericanLocalCurrencyBondsvolumedecreased50.20%year-on-yeartoUSD9.7Blnwhilethedealcountdecreased33.77%to200.BrazilianDomesticBondsvolumedecreased51.50%year-on-yeartoBRL10.9Blnover52deals.JPMorganrankedasthetopLatinAmericanBondsunderwriterforH12016with13.79%marketshare.Thebankunderwrote29dealsovertheperiod.BankofAmericaMerrillLynchandBancoSantanderrankedsecondandthirdwith10.90%and10.74%marketshare,respectively.
LatinAmericanBonds
H12016 H12015
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
JPMorgan 1 13.786 10,683 29 6 7.624 6.162
BankofAmericaMerrillLynch 2 10.903 8,448 28 1 11.987 -1.084
BancoSantander 3 10.743 8,324 42 7 7.082 3.661
HSBC 4 9.762 7,564 38 2 10.172 -0.410
Citi 5 8.991 6,967 32 3 9.792 -0.801
BancoBilbaoVizcayaArgentaria 6 8.192 6,348 37 8 5.505 2.687
DeutscheBank 7 6.961 5,394 19 5 8.273 -1.312
CreditSuisse 8 4.290 3,324 15 9 5.061 -0.771
MorganStanley 9 3.996 3,097 14 4 8.485 -4.489
UBS 10 3.813 2,954 10 19 0.907 2.906
TOTAL 100% 77,488 173 100%
LatinAmericanLocalCurrencyBonds
H12016 H12015
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
BradescoBBISA 1 17.966 1,735 13 5 6.920 11.046
BancoBilbaoVizcayaArgentaria 2 9.659 933 21 4 8.392 1.267
BancoSantander 3 7.636 738 20 1 11.898 -4.262
MizuhoFinancial 4 6.736 651 10 24 0.624 6.112
JPMorgan 5 5.106 493 23 10 3.783 1.323
ActinverCasadeBolsaSAdeCV 6 4.550 439 12 8 4.634 -0.084
BancoSafraSA 7 4.101 396 6 30 0.431 3.670
DaiwaSecurities 8 3.808 368 7 21 0.926 2.882
HSBC 9 3.793 366 13 2 9.066 -5.273
BankofAmericaMerrillLynch 10 3.793 366 5 12 2.552 1.241
TOTAL 100% 9,658 200 100%
Government60%
Energy18%
Financials6%
Others16%
LatinAmericanBonds:QuarterlyVolume
Q22011
Q22011
Q22012
Q22012
Q22013
Q22013
Q22014
Q22014
Q22015
Q22015
QuartersQuarters
Q22016
Q22016
2020
4040
6060
USDBln
USDBln
00
8080
100100
200200
300300
DealC
ountDealC
ount
00
400400
DealCount Amount
LatinAmericanBonds:IndustryBreakdown
60%18%
6%
16%
LatinAmericanBonds:ManagerRankingsHistory
JPMorgan
BankofAmericaMerrillLynch
BancoSantander
HSBC Ci
ti
BancoBilbaoVizcayaArgentaria
5
10
MarketShare(%
)
0
15
2016 2015 2014
Bloomberg GlobalFixedIncome|H12016
BloombergLeagueTableReports Page9
EMEAFixedIncomeReviewH12016creditedEuropeanCorporate&FinancialBondsvolumedecreased1.07%toEUR664.7Blnwhiledealcountdecreased11.39%to2,535offeringsyear-on-year.EMEACorporateInvestmentGradeBonds(incEM)volumeincreased6.05%year-on-yeartoEUR183.1Blnwhilethedealcountdecreased2.13%to368.WesternEuropeanCorporateHighYieldBondsvolumedecreased29.13%year-on-yeartoEUR35.2Blnover70deals.HSBCrankedasthetopEuropeanCorporate&FinancialBondsunderwriterforH12016with6.77%marketshare.Thebankunderwrote209dealsovertheperiod.DeutscheBankandBarclaysrankedsecondandthirdwith6.00%and5.77%marketshare,respectively.
EuropeanCorporate&FinancialBonds:HighlightsofH12016
EuropeanCorporate&FinancialBonds:QuarterlyVolume
Q22011
Q22011
Q22012
Q22012
Q22013
Q22013
Q22014
Q22014
Q22015
Q22015
QuartersQuarters
Q22016
Q22016
100100
200200
300300
400400
500500
EURBln
EURBln
00
600600
500500
1,0001,000
1,5001,500
2,0002,000
2,5002,500
DealC
ountDealC
ount
00
3,0003,000
DealCount Other HighYield
InvestmentGrade
TopUnderwriterHSBC
Numberofdeals 209
Volume(EURMln) 45,008
AvgDealsize(EURMln) 215.4
MarketSummaryNumberofdeals 2,535
Volume(EURMln) 664,749
AvgDealsize(EURMln) 262.2
Issuer Industry Volume(EURMln) Date
Anheuser-BuschInBevFinanceInc ConsumerStaples 11,000 01/13/2016
Anheuser-BuschInBevFinanceInc ConsumerStaples 11,000 01/13/2016
Anheuser-BuschInBevFinanceInc ConsumerStaples 7,500 01/13/2016
Anheuser-BuschInBevFinanceInc ConsumerStaples 6,000 01/13/2016
Anheuser-BuschInBevFinanceInc ConsumerStaples 6,000 01/13/2016
Numericable-SFRSA Communications 5,190 04/06/2016
Anheuser-BuschInBevFinanceInc ConsumerStaples 4,000 01/13/2016
CooperatieveRabobankUA Financials 3,539 01/08/2016
Anheuser-BuschInBevSA/NV ConsumerStaples 3,325 03/16/2016
Anheuser-BuschInBevSA/NV ConsumerStaples 3,048 03/16/2016
Financials66%
ConsumerStaples10%
ConsumerDiscretionary6%
Communications6%
Others13%
EMEALeveragedFinance:QuarterlyVolume
Q22011
Q22011
Q22012
Q22012
Q22013
Q22013
Q22014
Q22014
Q22015
Q22015
QuartersQuarters
Q22016
Q22016
5050
EURBln
EURBln
00
100100
EMEACorporateHighYieldBonds(incEM)
EMEASponsor-ledLeveragedLoans
EuropeanCorporate&FinancialBonds:IndustryBreakdown
EuropeanCorporate&FinancialBonds:SpreadtoBenchmark
Q22011
Q22011
Q22012
Q22012
Q22013
Q22013
Q22014
Q22014
Q22015
Q22015
QuartersQuarters
Q22016
Q22016
200200
400400
600600
Basispoints
Basispoints
00
800800
HighYield
InvestmentGrade
66%10%
6%
6%
13%
Bloomberg GlobalFixedIncome|H12016
BloombergLeagueTableReports Page10
EuropeanBondsH12016 H12015
Firm Rank MktShare(%) Volume(EURMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
HSBC 1 7.409 72,369 318 2 5.776 1.633
Barclays 2 6.985 68,234 293 1 6.211 0.774
DeutscheBank 3 5.605 54,749 279 3 5.177 0.428
BNPParibas 4 5.441 53,151 268 5 4.345 1.096
Citi 5 4.210 41,126 221 6 4.265 -0.055
SocieteGenerale 6 4.082 39,874 225 9 3.779 0.303
JPMorgan 7 3.967 38,751 213 7 4.037 -0.070
CreditAgricoleCIB 8 3.964 38,721 197 8 4.015 -0.051
GoldmanSachs 9 3.926 38,352 157 12 3.333 0.593
UniCredit 10 3.468 33,880 228 10 3.597 -0.129
CreditSuisse 11 2.906 28,390 156 4 4.638 -1.732
BankofAmericaMerrillLynch 12 2.757 26,932 148 13 2.833 -0.076
RBS 13 2.451 23,944 126 16 2.332 0.119
Natixis 14 2.313 22,597 138 15 2.563 -0.250
UBS 15 2.295 22,416 140 11 3.544 -1.249
MorganStanley 16 2.199 21,481 104 14 2.719 -0.520
BancoSantander 17 2.115 20,660 118 18 1.770 0.345
Commerzbank 18 2.069 20,206 144 17 1.803 0.266
INGGroep 19 2.014 19,670 107 26 1.273 0.741
LandesbankBaden-Wuerttemberg 20 1.862 18,186 126 24 1.342 0.520
TOTAL 100% 976,806 3,389 100%
WesternEuropeanBondsH12016 H12015
Firm Rank MktShare(%) Volume(EURMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
HSBC 1 7.427 71,213 310 2 5.816 1.611
Barclays 2 6.967 66,803 286 1 6.287 0.680
DeutscheBank 3 5.597 53,669 273 3 5.281 0.316
BNPParibas 4 5.553 53,243 265 5 4.377 1.176
UniCredit 5 4.137 39,665 217 11 3.455 0.682
Citi 6 4.021 38,551 205 6 4.218 -0.197
CreditAgricoleCIB 7 4.005 38,396 195 7 4.121 -0.116
GoldmanSachs 8 3.933 37,714 153 12 3.400 0.533
SocieteGenerale 9 3.926 37,640 200 10 3.614 0.312
JPMorgan 10 3.802 36,455 200 8 4.102 -0.300
CreditSuisse 11 2.961 28,390 156 4 4.749 -1.788
BankofAmericaMerrillLynch 12 2.789 26,744 147 13 2.908 -0.119
RBS 13 2.497 23,944 126 16 2.394 0.103
UBS 14 2.426 23,264 140 9 3.701 -1.275
Natixis 15 2.305 22,101 136 15 2.631 -0.326
MorganStanley 16 2.240 21,481 104 14 2.773 -0.533
BancoSantander 17 2.144 20,553 117 19 1.775 0.369
Commerzbank 18 2.088 20,023 140 17 1.801 0.287
INGGroep 19 1.945 18,644 98 26 1.285 0.660
LandesbankBaden-Wuerttemberg 20 1.897 18,186 126 24 1.377 0.520
TOTAL 100% 958,802 3,249 100%
EasternEuropeanBondsH12016 H12015
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
VTBCapital 1 11.655 3,877 29 3 9.438 2.217
Citi 2 8.595 2,859 16 4 6.768 1.827
JPMorgan 3 7.762 2,582 13 15 1.732 6.030
SocieteGenerale 4 7.516 2,500 25 1 11.441 -3.925
UniCredit 5 7.411 2,465 19 2 10.015 -2.604
Gazprombank 6 5.668 1,885 25 6 6.596 -0.928
SberbankCIBCJSC 7 5.322 1,770 25 7 6.297 -0.975
Barclays 8 4.805 1,598 7 10 3.743 1.062
BNPParibas 9 4.239 1,410 6 11 3.587 0.652
HSBC 10 3.864 1,285 8 8 4.704 -0.840
DeutscheBank 11 3.669 1,221 6 19 1.338 2.331
INGGroep 12 3.439 1,144 9 21 0.991 2.448
RaiffeisenBankInternationalGroup 13 3.222 1,072 17 9 4.380 -1.158
ErsteGroupBank 14 2.486 827 8 5 6.599 -4.113
GoldmanSachs 15 2.152 716 4 24 0.884 1.268
OtkritieFinancialCorpJSC 16 1.664 554 7 23 0.892 0.772
Natixis 17 1.643 547 2 - - -
REGIONInvestmentCo 18 1.350 449 10 16 1.667 -0.317
PKOBankPolskiSA 19 1.167 388 4 18 1.547 -0.380
CreditAgricoleCIB 20 1.078 359 2 - - -
TOTAL 100% 33,262 154 100%
WesternEuropeanCorporateHighYieldBondsH12016 H12015
Firm Rank MktShare(%) Volume(EURMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
DeutscheBank 1 11.282 3,977 24 1 8.459 2.823
GoldmanSachs 2 9.613 3,388 17 2 8.105 1.508
Citi 3 8.557 3,016 12 8 4.989 3.568
Barclays 4 7.324 2,581 17 7 4.998 2.326
JPMorgan 5 6.191 2,182 17 3 7.729 -1.538
BNPParibas 6 6.040 2,129 20 5 6.869 -0.829
BankofAmericaMerrillLynch 7 5.154 1,817 15 14 2.459 2.695
HSBC 8 4.938 1,740 18 6 6.157 -1.219
CreditSuisse 9 4.047 1,426 12 4 6.906 -2.859
CreditAgricoleCIB 10 3.541 1,248 8 9 4.139 -0.598
INGGroep 11 3.427 1,208 12 16 2.310 1.117
MorganStanley 12 3.029 1,067 6 11 3.755 -0.726
SocieteGenerale 13 2.608 919 11 10 3.787 -1.179
Commerzbank 14 2.211 779 10 17 2.083 0.128
UniCredit 15 2.081 733 7 12 3.720 -1.639
IntesaSanpaolo 16 1.938 683 8 20 1.529 0.409
RBS 17 1.747 616 8 13 3.159 -1.412
Nordea 18 1.600 564 8 53 0.073 1.527
Mediobanca 19 1.338 471 6 35 0.281 1.057
BancoSantander 20 1.178 415 5 21 1.467 -0.289
TOTAL 100% 35,246 70 100%
Bloomberg GlobalFixedIncome|H12016
BloombergLeagueTableReports Page11
EMEACorporateInvestmentGradeBonds(incEM)H12016 H12015
Firm Rank MktShare(%) Volume(EURMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
BNPParibas 1 7.299 13,364 102 4 7.259 0.040
DeutscheBank 2 7.237 13,250 92 2 7.743 -0.506
Citi 3 6.420 11,755 91 7 4.972 1.448
BankofAmericaMerrillLynch 4 6.134 11,231 76 6 5.281 0.853
Barclays 5 6.053 11,082 82 1 9.458 -3.405
HSBC 6 5.556 10,173 84 3 7.408 -1.852
SocieteGenerale 7 5.421 9,925 73 5 5.482 -0.061
UniCredit 8 4.611 8,443 53 11 3.117 1.494
INGGroep 9 3.791 6,941 47 18 2.127 1.664
JPMorgan 10 3.790 6,939 50 8 4.685 -0.895
BancoSantander 11 3.483 6,377 50 16 2.352 1.131
GoldmanSachs 12 3.461 6,337 40 15 2.393 1.068
CreditAgricoleCIB 13 3.385 6,198 47 12 3.071 0.314
RBS 14 2.896 5,302 46 10 3.426 -0.530
Commerzbank 15 2.417 4,426 29 20 1.874 0.543
MitsubishiUFJFinancial 16 2.349 4,301 42 17 2.345 0.004
SumitomoMitsuiFinancial 17 1.953 3,575 33 31 0.383 1.570
UBS 18 1.914 3,505 24 21 1.869 0.045
IntesaSanpaolo 19 1.848 3,383 31 26 0.956 0.892
CreditSuisse 20 1.809 3,313 24 13 2.664 -0.855
TOTAL 100% 183,093 368 100%
EMEACorporateHighYieldBonds(incEM)H12016 H12015
Firm Rank MktShare(%) Volume(EURMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
DeutscheBank 1 9.384 3,977 24 2 7.945 1.439
GoldmanSachs 2 8.261 3,500 18 3 7.148 1.113
Citi 3 7.534 3,192 14 7 4.832 2.702
JPMorgan 4 6.650 2,818 24 1 8.160 -1.510
Barclays 5 6.628 2,809 21 8 4.494 2.134
BNPParibas 6 5.614 2,379 23 4 6.311 -0.697
BankofAmericaMerrillLynch 7 5.134 2,175 16 14 2.649 2.485
HSBC 8 4.402 1,865 19 6 5.695 -1.293
INGGroep 9 3.772 1,598 17 15 2.123 1.649
CreditSuisse 10 3.366 1,426 12 5 6.096 -2.730
CreditAgricoleCIB 11 3.285 1,392 10 9 4.132 -0.847
SocieteGenerale 12 3.138 1,330 19 12 3.581 -0.443
MorganStanley 13 2.814 1,192 7 10 4.006 -1.192
UniCredit 14 2.117 897 11 11 3.720 -1.603
Commerzbank 15 1.839 779 10 18 1.789 0.050
RBS 16 1.792 759 10 13 2.811 -1.019
Gazprombank 17 1.744 739 14 26 0.798 0.946
IntesaSanpaolo 18 1.671 708 9 21 1.452 0.219
VTBCapital 19 1.671 708 17 36 0.364 1.307
SberbankCIBCJSC 20 1.526 647 14 24 1.062 0.464
TOTAL 100% 42,373 119 100%
EuroCurrencyBondsH12016 H12015
Firm Rank MktShare(%) Volume(EURMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Barclays 1 6.525 50,804 219 1 6.231 0.294
BNPParibas 2 6.290 48,977 253 4 5.609 0.681
HSBC 3 6.184 48,148 260 2 5.921 0.263
CreditAgricoleCIB 4 5.507 42,882 185 5 5.141 0.366
SocieteGenerale 5 5.448 42,420 212 7 4.454 0.994
DeutscheBank 6 5.224 40,681 226 3 5.680 -0.456
GoldmanSachs 7 4.735 36,872 150 10 3.931 0.804
JPMorgan 8 4.574 35,616 171 8 4.384 0.190
UniCredit 9 4.435 34,530 222 6 5.069 -0.634
Citi 10 4.043 31,484 175 9 4.111 -0.068
BankofAmericaMerrillLynch 11 3.233 25,171 144 13 2.788 0.445
Natixis 12 2.935 22,852 135 11 3.408 -0.473
Commerzbank 13 2.819 21,947 143 15 2.288 0.531
LandesbankBaden-Wuerttemberg 14 2.760 21,493 135 20 1.678 1.082
INGGroep 15 2.185 17,011 96 22 1.595 0.590
BancoSantander 16 2.182 16,990 98 18 2.143 0.039
CreditSuisse 17 2.046 15,928 73 12 3.166 -1.120
RBS 18 2.031 15,818 80 16 2.218 -0.187
MorganStanley 19 2.011 15,661 71 14 2.647 -0.636
UBS 20 1.806 14,065 87 17 2.175 -0.369
TOTAL 100% 778,655 1,974 100%
Euro&SterlingCorporate&FinancialBondsH12016 H12015
Firm Rank MktShare(%) Volume(EURMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
BNPParibas 1 5.965 32,515 203 3 5.454 0.511
DeutscheBank 2 5.716 31,154 189 1 6.258 -0.542
HSBC 3 5.483 29,887 204 2 5.614 -0.131
Barclays 4 5.371 29,274 173 4 5.440 -0.069
UniCredit 5 4.839 26,373 152 9 3.584 1.255
CreditAgricoleCIB 6 4.792 26,119 130 6 4.162 0.630
SocieteGenerale 7 4.603 25,090 154 7 4.130 0.473
GoldmanSachs 8 4.144 22,589 105 11 3.413 0.731
Citi 9 3.857 21,023 142 10 3.578 0.279
JPMorgan 10 3.336 18,184 121 5 4.841 -1.505
BankofAmericaMerrillLynch 11 2.972 16,201 112 14 3.094 -0.122
Natixis 12 2.837 15,463 86 12 3.159 -0.322
CreditSuisse 13 2.761 15,049 68 8 3.708 -0.947
INGGroep 14 2.742 14,948 88 21 1.832 0.910
Commerzbank 15 2.725 14,855 105 18 2.280 0.445
UBS 16 2.667 14,537 85 13 3.108 -0.441
BancoSantander 17 2.533 13,808 100 17 2.422 0.111
RBS 18 2.316 12,622 95 16 2.615 -0.299
LandesbankBaden-Wuerttemberg 19 2.282 12,440 85 25 1.347 0.935
IntesaSanpaolo 20 2.242 12,219 64 23 1.500 0.742
TOTAL 100% 545,062 1,547 100%
Bloomberg GlobalFixedIncome|H12016
BloombergLeagueTableReports Page12
SterlingBondsH12016 H12015
Firm Rank MktShare(%) Volume(GBPMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
HSBC 1 16.058 7,473 59 1 14.064 1.994
Barclays 2 14.743 6,861 54 2 10.434 4.309
RBS 3 9.285 4,321 41 3 7.837 1.448
Citi 4 7.473 3,478 18 11 3.549 3.924
DeutscheBank 5 6.067 2,823 23 8 5.551 0.516
Nomura 6 5.650 2,629 17 5 6.327 -0.677
RBCCapitalMarkets 7 5.554 2,585 36 4 6.435 -0.881
JPMorgan 8 4.948 2,303 14 7 5.798 -0.850
TDSecurities 9 4.683 2,179 18 16 2.498 2.185
BankofAmericaMerrillLynch 10 4.097 1,907 11 13 2.883 1.214
LloydsBank 11 3.939 1,833 19 6 6.119 -2.180
MorganStanley 12 3.006 1,399 12 15 2.606 0.400
UBS 13 2.407 1,120 4 14 2.821 -0.414
GoldmanSachs 14 2.353 1,095 5 20 1.020 1.333
FMSWertmanagement 15 2.256 1,050 1 19 1.139 1.117
BancoSantander 16 1.411 657 10 9 4.096 -2.685
Scotiabank 17 1.161 540 6 17 1.607 -0.446
Commerzbank 18 0.709 330 1 18 1.259 -0.550
BNPParibas 19 0.686 319 4 10 3.894 -3.208
CommonwealthBankAustralia 20 0.498 232 3 34 0.190 0.308
TOTAL 100% 46,537 153 100%
SwissFrancBondsH12016 H12015
Firm Rank MktShare(%) Volume(CHFMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
CreditSuisse 1 31.567 8,071 81 1 28.037 3.530
UBS 2 20.910 5,346 64 2 19.543 1.367
SchweizerischeKantonalbanken 3 10.263 2,624 8 3 11.123 -0.860
ZuercherKantonalbank 4 10.184 2,604 26 4 10.258 -0.074
RaiffeisenSwitzerland 5 7.778 1,989 26 5 7.199 0.579
DeutscheBank 6 4.563 1,167 10 6 2.985 1.578
BNPParibas 7 2.412 617 4 15 0.965 1.447
GoldmanSachs 8 1.923 492 4 7 2.171 -0.248
AargauischeKantonalbank 9 1.760 450 3 9 1.621 0.139
Commerzbank 10 1.356 347 5 25 0.290 1.066
ThurgauerKantonalbank 11 0.978 250 1 16 0.926 0.052
BaslerKantonalbank 12 0.844 216 5 13 0.984 -0.140
BasellandchaflicheKantonalbank 13 0.782 200 1 14 0.970 -0.188
HSBC 14 0.733 188 1 11 1.346 -0.613
BanqueCantonaledeFribourg 15 0.665 170 1 10 1.448 -0.783
Gazprombank 16 0.652 167 1 - - -
VontobelHoldingAG 17 0.626 160 2 33 0.116 0.510
BanqueCantonaleVaudoise 18 0.587 150 1 - - -
KantonalbankSchwyz 18 0.587 150 1 17 0.869 -0.282
JPMorgan 20 0.391 100 1 19 0.724 -0.333
TOTAL 100% 25,568 152 100%
SwedishKronaBondsH12016 H12015
Firm Rank MktShare(%) Volume(SEKMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Nordea 1 21.174 29,334 58 2 18.398 2.776
Swedbank 2 19.798 27,427 65 1 25.397 -5.599
SEB 3 19.675 27,257 53 3 18.250 1.425
DanskeBank 4 15.354 21,271 71 4 17.760 -2.406
SvenskaHandelsbanken 5 13.203 18,292 48 5 11.401 1.802
DNBASA 6 5.023 6,958 15 6 4.524 0.499
ParetoSecurities 7 1.507 2,088 9 9 0.471 1.036
NykreditBankA/S 8 1.047 1,450 2 - - -
ABGSundalCollierAsa 9 0.803 1,113 5 7 0.693 0.110
RBS 10 0.722 1,000 1 - - -
Carnegie 10 0.722 1,000 4 18 0.065 0.657
CreditAgricoleCIB 12 0.541 750 1 14 0.262 0.279
ArcticSecurities 13 0.318 440 2 - - -
DeutscheBank 14 0.060 83 1 - - -
AGLTransactionServicesAB 15 0.054 75 1 - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 138,538 259 100%
Sub-SaharanAfricanCurrencyBondsH12016 H12015
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
NedbankLtd 1 17.270 769 23 1 18.725 -1.455
FirstRandLtd 2 12.301 548 14 3 13.372 -1.071
EskomHoldingsLtd 3 11.453 510 2 4 12.258 -0.805
JPMorgan 4 10.600 472 23 6 5.198 5.402
StandardBankofSouthAfrica 5 10.209 455 13 2 18.253 -8.044
DaiwaSecurities 6 7.394 329 12 9 2.257 5.137
Barclays 7 6.987 311 9 5 9.531 -2.544
RBCCapitalMarkets 8 3.891 173 17 8 2.657 1.234
Investec 9 3.480 155 5 7 2.834 0.646
HSBC 10 1.560 69 5 12 1.274 0.286
BNPParibas 11 1.453 65 2 37 0.054 1.399
GeneralElectricCapitalCorp 12 1.449 65 1 - - -
TDSecurities 13 1.337 60 4 13 1.264 0.073
Citi 14 1.326 59 3 22 0.563 0.763
MizuhoFinancial 15 1.172 52 4 - - -
DeutscheBank 16 1.052 47 4 21 0.563 0.489
BankofAmericaMerrillLynch 17 0.966 43 2 41 0.023 0.943
JavaCapital 18 0.823 37 2 19 0.622 0.201
DanskeBank 19 0.740 33 2 10 1.633 -0.893
Nordea 20 0.729 32 2 26 0.276 0.453
TOTAL 100% 4,454 152 100%
Bloomberg GlobalFixedIncome|H12016
BloombergLeagueTableReports Page13
CEEMEABondsH12016 H12015
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Citi 1 9.168 8,387 44 2 6.537 2.631
JPMorgan 2 8.232 7,530 36 3 4.304 3.928
HSBC 3 5.557 5,083 43 1 7.042 -1.485
Barclays 4 4.285 3,920 26 4 4.153 0.132
VTBCapital 5 4.190 3,833 28 9 2.840 1.350
BankofAmericaMerrillLynch 6 4.154 3,800 14 44 0.592 3.562
DeutscheBank 7 3.603 3,296 16 6 3.727 -0.124
UniCredit 8 3.510 3,211 25 8 3.106 0.404
SocieteGenerale 9 3.425 3,133 33 5 3.833 -0.408
BNPParibas 10 3.027 2,769 17 7 3.593 -0.566
StandardCharteredBank 11 2.947 2,696 18 13 2.151 0.796
NationalBankofAbuDhabi 12 2.693 2,463 17 10 2.511 0.182
GoldmanSachs 13 2.234 2,044 11 20 1.827 0.407
MitsubishiUFJFinancial 14 2.116 1,935 13 120 0.029 2.087
Gazprombank 15 2.061 1,885 25 15 1.985 0.076
SberbankCIBCJSC 16 1.935 1,770 25 18 1.909 0.026
EmiratesNBDPJSC 17 1.903 1,741 20 29 0.995 0.908
INGGroep 18 1.586 1,451 14 26 1.186 0.400
MizuhoFinancial 19 1.471 1,346 14 38 0.684 0.787
PoalimIBIUnderwritingLtd 20 1.333 1,219 36 34 0.877 0.456
TOTAL 100% 91,474 443 100%
MENABonds&SukukH12016 H12015
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
JPMorgan 1 9.902 3,604 17 4 7.234 2.668
Citi 2 8.468 3,082 14 2 11.129 -2.661
BankofAmericaMerrillLynch 3 7.866 2,863 10 35 0.422 7.444
HSBC 4 7.778 2,831 27 1 14.047 -6.269
NationalBankofAbuDhabi 5 6.767 2,463 17 3 8.340 -1.573
StandardCharteredBank 6 5.736 2,088 13 6 4.679 1.057
MitsubishiUFJFinancial 7 4.596 1,673 10 44 0.101 4.495
DeutscheBank 8 3.915 1,425 8 17 1.923 1.992
Barclays 9 3.632 1,322 9 8 3.681 -0.049
EmiratesNBDPJSC 10 3.518 1,281 17 9 3.448 0.070
MizuhoFinancial 11 3.194 1,163 12 26 0.652 2.542
QatarNationalBank 12 3.102 1,129 5 - - -
DubaiIslamicBank 13 2.870 1,045 7 18 1.631 1.239
AlKhaliji 14 2.473 900 3 - - -
SumitomoMitsuiFinancial 14 2.473 900 3 - - -
GulfInternationalBankBSC 16 2.015 733 3 - - -
FirstGulfBankPJSC 17 1.625 591 6 18 1.631 -0.006
CreditAgricoleCIB 18 1.610 586 7 20 1.103 0.507
BNPParibas 19 1.417 516 7 13 2.524 -1.107
Natixis 20 1.374 500 2 12 2.844 -1.470
TOTAL 100% 36,397 127 100%
AfricanBondsH12016 H12015
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
StandardBankofSouthAfrica 1 20.282 860 13 1 10.924 9.358
FirstRandLtd 2 19.562 829 13 2 9.983 9.579
NedbankLtd 3 17.620 747 22 5 7.909 9.711
EskomHoldingsLtd 4 12.034 510 2 7 5.881 6.153
Citi 5 10.975 465 2 6 6.345 4.630
Barclays 6 4.784 203 7 4 8.282 -3.498
Investec 7 3.656 155 5 13 2.302 1.354
GeneralElectricCapitalCorp 8 1.522 65 1 - - -
CreditAgricoleCIB 9 1.147 49 1 23 0.369 0.778
KBCGroup 9 1.147 49 1 23 0.369 0.778
JPMorgan 9 1.147 49 1 10 5.314 -4.167
ErsteGroupBank 9 1.147 49 1 23 0.369 0.778
StandardCharteredBank 9 1.147 49 1 14 2.172 -1.025
UniCredit 9 1.147 49 1 23 0.369 0.778
RBS 9 1.147 49 1 23 0.369 0.778
JavaCapital 16 0.865 37 2 31 0.298 0.567
OneCapital 17 0.672 28 2 - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 4,239 65 100%
Sub-SaharanAfricanBondsH12016 H12015
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
StandardBankofSouthAfrica 1 20.282 860 13 1 14.255 6.027
FirstRandLtd 2 19.562 829 13 2 13.027 6.535
NedbankLtd 3 17.620 747 22 4 10.321 7.299
EskomHoldingsLtd 4 12.034 510 2 5 7.674 4.360
Citi 5 10.975 465 2 9 3.170 7.805
Barclays 6 4.784 203 7 7 6.774 -1.990
Investec 7 3.656 155 5 10 3.004 0.652
GeneralElectricCapitalCorp 8 1.522 65 1 - - -
CreditAgricoleCIB 9 1.147 49 1 20 0.481 0.666
KBCGroup 9 1.147 49 1 20 0.481 0.666
JPMorgan 9 1.147 49 1 13 1.826 -0.679
ErsteGroupBank 9 1.147 49 1 20 0.481 0.666
StandardCharteredBank 9 1.147 49 1 11 2.834 -1.687
UniCredit 9 1.147 49 1 20 0.481 0.666
RBS 9 1.147 49 1 20 0.481 0.666
JavaCapital 16 0.865 37 2 28 0.389 0.476
OneCapital 17 0.672 28 2 - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 4,239 65 100%
Bloomberg GlobalFixedIncome|H12016
BloombergLeagueTableReports Page14
Asiaex-JapanFixedIncomeReviewH12016creditedAsiaex-JapanG3CurrencyBondsvolumedecreased18.49%toUSD89.6Blnwhiledealcountdecreased11.88%to178offeringsyear-on-year.Asiaex-JapanG3InvestmentGradeBondsvolumedecreased17.35%year-on-yeartoUSD78.4Blnwhilethedealcountdecreased10.76%to141.Asiaex-JapanG3CorporateHighYieldBondsvolumedecreased47.49%year-on-yeartoUSD4.5Blnover14deals.HSBCrankedasthetopAsiaex-JapanG3CurrencyBondsunderwriterforH12016with12.29%marketshare.Thebankunderwrote89dealsovertheperiod.CitiandJPMorganrankedsecondandthirdwith7.37%and5.88%marketshare,respectively.
Asiaex-JapanG3CurrencyBonds:HighlightsofH12016
Issuer Industry Volume(USDMln) Date
ProvenHonourCapitalLtd Technology 2,000 04/28/2016
PhilippineGovernmentInternationalBond Government 2,000 02/17/2016
PerusahaanPenerbitSBSNIndonesiaIII Government 1,750 03/21/2016
IndonesiaGovernmentInternationalBond Government 1,702 06/07/2016
IndonesiaGovernmentInternationalBond Government 1,702 06/07/2016
CKHutchisonFinance16Ltd ConsumerStaples 1,538 04/05/2016
Export-ImportBankofChina/The Government 1,250 04/19/2016
OVPHLtd Utilities 1,200 02/22/2016
ChinaDevelopmentBankCorp Government 1,116 05/25/2016
ChinaDevelopmentBankCorp Government 1,108 03/14/2016
Asiaex-JapanG3CurrencyBonds:LargestDealsbyCountry
Issuer Volume(USDMln) Date Country
ProvenHonourCapitalLtd 2,000 04/28/2016 China
CKHutchisonFinance16Ltd 1,538 04/05/2016 HongKong
ICICIBankLtd/Dubai 700 03/14/2016 India
PerusahaanPenerbitSBSNIndonesiaIII 1,750 03/21/2016 Indonesia
MalaysiaSukukGlobalBhd 1,000 04/20/2016 Malaysia
PhilippineGovernmentInternationalBond 2,000 02/17/2016 Philippines
BOCAviationLtd 750 04/14/2016 Singapore
Export-ImportBankofKorea 1,000 05/18/2016 SouthKorea
E.SUNCommercialBankLtd 240 01/19/2016 Taiwan
TMBBankPCL/CaymanIslands 300 03/23/2016 Thailand
Financials38%
Government32%
Utilities8%
Others22%
Asiaex-JapanG3CurrencyBonds:QuarterlyVolume
Q22011
Q22011
Q22012
Q22012
Q22013
Q22013
Q22014
Q22014
Q22015
Q22015
QuartersQuarters
Q22016
Q22016
5050
USDBln
USDBln
00
7070
100100
DealC
ountDealC
ount
00
140140
DealCount
Other
HighYield
InvestmentGrade
Asiaex-JapanG3CurrencyBonds:IndustryBreakdown
38%
32%
8%
22%
Asiaex-JapanG3CurrencyBonds:ManagerRankingsHistory
HSBC Ci
ti
JPMorgan
StandardCharteredBank
BankofAmericaMerrillLynch
BankofChina
5
10
MarketShare(%
)
0
15
2016 2015 2014
Bloomberg GlobalFixedIncome|H12016
BloombergLeagueTableReports Page15
Asiaex-JapanIssuerG3CurrencyBondsH12016 H12015
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
HSBC 1 12.293 11,019 89 1 12.238 0.055
Citi 2 7.370 6,606 60 2 9.506 -2.136
JPMorgan 3 5.885 5,275 42 5 6.166 -0.281
StandardCharteredBank 4 5.806 5,204 39 4 6.465 -0.659
BankofAmericaMerrillLynch 5 5.294 4,745 43 7 4.345 0.949
BankofChina 6 4.944 4,431 42 6 4.630 0.314
DeutscheBank 7 4.893 4,386 26 3 7.417 -2.524
Industrial&CommBankofChina 8 4.006 3,591 40 11 2.943 1.063
Barclays 9 3.920 3,514 21 16 2.283 1.637
UBS 10 3.281 2,941 32 14 2.370 0.911
BNPParibas 11 2.872 2,575 23 10 2.990 -0.118
GoldmanSachs 12 2.795 2,506 25 9 3.899 -1.104
DBSGroup 13 2.703 2,423 23 12 2.748 -0.045
CreditSuisse 14 2.680 2,402 18 13 2.702 -0.022
BankofCommunications 15 2.238 2,006 20 26 0.787 1.451
CreditAgricoleCIB 16 2.220 1,990 15 35 0.426 1.794
ANZBankingGroup 17 1.992 1,785 19 15 2.313 -0.321
MorganStanley 18 1.977 1,772 20 8 4.255 -2.278
SocieteGenerale 19 1.883 1,688 13 23 0.984 0.899
ChinaConstructionBank 20 1.562 1,400 32 18 1.456 0.106
TOTAL 100% 89,633 178 100%
APACex-JapanIssuerG3CurrencyBondsH12016 H12015
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
HSBC 1 11.048 14,370 103 1 10.963 0.085
Citi 2 9.157 11,910 85 2 10.176 -1.019
JPMorgan 3 6.712 8,730 60 3 8.680 -1.968
BankofAmericaMerrillLynch 4 6.305 8,201 61 6 4.215 2.090
DeutscheBank 5 4.571 5,945 34 4 6.862 -2.291
CreditSuisse 6 4.056 5,275 25 12 2.750 1.306
StandardCharteredBank 7 4.001 5,204 39 5 4.853 -0.852
UBS 8 3.894 5,065 42 10 3.001 0.893
GoldmanSachs 9 3.702 4,816 38 7 4.176 -0.474
BankofChina 10 3.407 4,431 42 9 3.476 -0.069
Barclays 11 3.021 3,929 24 14 2.575 0.446
ANZBankingGroup 12 3.003 3,907 29 13 2.698 0.305
MorganStanley 13 2.891 3,760 31 8 3.908 -1.017
BNPParibas 14 2.770 3,603 28 11 2.847 -0.077
Industrial&CommBankofChina 15 2.761 3,591 40 15 2.209 0.552
CreditAgricoleCIB 16 1.995 2,595 19 28 0.757 1.238
DBSGroup 17 1.940 2,523 24 16 2.063 -0.123
NationalAustraliaBankLtd 18 1.735 2,257 11 23 1.025 0.710
BankofCommunications 19 1.542 2,006 20 31 0.591 0.951
SocieteGenerale 20 1.369 1,781 14 20 1.083 0.286
TOTAL 100% 130,069 245 100%
Asiaex-JapanG3InvestmentGradeBondsH12016 H12015
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
HSBC 1 12.944 10,148 84 1 12.724 0.220
Citi 2 8.097 6,348 58 2 10.251 -2.154
JPMorgan 3 6.321 4,956 37 4 6.276 0.045
StandardCharteredBank 4 5.374 4,213 36 5 5.803 -0.429
DeutscheBank 5 5.361 4,203 24 3 7.376 -2.015
BankofAmericaMerrillLynch 6 5.150 4,038 40 7 4.550 0.600
BankofChina 7 5.047 3,956 39 6 4.923 0.124
Industrial&CommBankofChina 8 4.458 3,495 38 10 3.332 1.126
Barclays 9 3.812 2,989 19 14 2.262 1.550
BNPParibas 10 3.207 2,515 22 11 2.701 0.506
UBS 11 2.863 2,245 25 17 1.763 1.100
GoldmanSachs 12 2.686 2,106 24 9 4.161 -1.475
CreditAgricoleCIB 13 2.539 1,990 15 35 0.407 2.132
BankofCommunications 14 2.521 1,976 19 24 0.849 1.672
MorganStanley 15 2.260 1,772 20 8 4.521 -2.261
SocieteGenerale 16 2.153 1,688 13 21 1.140 1.013
CreditSuisse 17 1.864 1,461 9 12 2.306 -0.442
ANZBankingGroup 18 1.767 1,385 18 13 2.292 -0.525
ChinaConstructionBank 19 1.701 1,334 31 18 1.688 0.013
CIMB 20 1.648 1,292 6 16 1.903 -0.255
TOTAL 100% 78,400 141 100%
Asiaex-JapanG3CorporateHighYieldBondsH12016 H12015
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
HaitongSecuritiesCoLtd 1 15.644 706 4 14 2.460 13.184
UBS 2 12.491 563 4 6 6.800 5.691
StandardCharteredBank 3 11.086 500 1 1 11.148 -0.062
BankofAmericaMerrillLynch 4 10.144 458 2 18 1.623 8.521
GoldmanSachs 5 8.869 400 1 9 3.950 4.919
GuotaiJunanSecuritiesCoLtd 6 7.095 320 4 24 0.786 6.309
HSBC 7 6.837 308 2 2 10.076 -3.239
Citi 8 5.728 258 2 10 3.512 2.216
CreditSuisse 9 5.227 236 3 3 9.120 -3.893
ChinaSecuritiesCoLtd 10 3.326 150 1 - - -
CITICSecuritiesCoLtd 11 2.217 100 1 8 4.319 -2.102
Industrial&CommBankofChina 12 1.848 83 1 23 0.873 0.975
HuataiSecuritiesCoLtd 12 1.848 83 1 20 1.237 0.611
AMTDAssetManagementLtd 12 1.848 83 1 - - -
DBSGroup 15 1.478 67 1 13 2.715 -1.237
ChinaConstructionBank 15 1.478 67 1 - - -
DeutscheBank 17 1.275 58 1 5 7.355 -6.080
ChinaMerchantsSecurities 18 1.118 50 1 12 2.794 -1.676
AgriculturalBankofChinaLtd 19 0.443 20 1 22 0.990 -0.547
- - - - - - - -
TOTAL 100% 4,509 14 100%
Bloomberg GlobalFixedIncome|H12016
BloombergLeagueTableReports Page16
APACUSD&EURCurrencyBondsH12016 H12015
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
HSBC 1 9.661 15,579 108 2 10.329 -0.668
Citi 2 9.347 15,073 103 1 10.378 -1.031
JPMorgan 3 8.760 14,127 80 3 9.161 -0.401
BankofAmericaMerrillLynch 4 6.804 10,973 75 5 5.185 1.619
GoldmanSachs 5 4.628 7,462 49 6 4.745 -0.117
Barclays 6 4.383 7,068 40 9 3.877 0.506
MorganStanley 7 4.089 6,594 38 8 4.077 0.012
DeutscheBank 8 3.992 6,437 37 4 6.315 -2.323
CreditSuisse 9 3.271 5,275 25 13 2.421 0.850
StandardCharteredBank 10 3.227 5,204 39 7 4.272 -1.045
UBS 11 3.141 5,065 42 12 2.642 0.499
BankofChina 12 2.748 4,431 42 10 3.059 -0.311
MitsubishiUFJFinancial 13 2.558 4,125 26 19 1.227 1.331
BNPParibas 14 2.539 4,095 31 11 2.781 -0.242
ANZBankingGroup 15 2.422 3,907 29 14 2.374 0.048
Industrial&CommBankofChina 16 2.227 3,591 40 15 1.944 0.283
MizuhoFinancial 17 2.152 3,471 34 17 1.372 0.780
CreditAgricoleCIB 18 1.738 2,803 21 31 0.666 1.072
DBSGroup 19 1.565 2,523 24 16 1.816 -0.251
NationalAustraliaBankLtd 20 1.400 2,257 11 25 0.902 0.498
TOTAL 100% 161,260 283 100%
AsianBondsH12016 H12015
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
ChinaSecuritiesCoLtd 1 4.174 26,154 137 10 2.065 2.109
GuotaiJunanSecuritiesCoLtd 2 3.699 23,181 100 13 2.024 1.675
BankofChina 3 3.208 20,103 125 6 3.387 -0.179
MorganStanley 4 3.150 19,740 193 3 3.657 -0.507
Industrial&CommBankofChina 5 3.088 19,349 125 1 3.897 -0.809
CITICSecuritiesCoLtd 6 3.052 19,127 82 4 3.628 -0.576
HSBC 7 2.578 16,155 146 2 3.798 -1.220
HaitongSecuritiesCoLtd 8 2.518 15,782 75 27 1.309 1.209
AgriculturalBankofChinaLtd 9 2.443 15,307 79 8 2.376 0.067
ChinaConstructionBank 10 2.435 15,259 123 5 3.397 -0.962
JPMorgan 11 2.150 13,475 75 12 2.031 0.119
MizuhoFinancial 12 2.124 13,312 225 15 1.864 0.260
Citi 13 2.102 13,174 117 7 3.346 -1.244
IndustrialBankCoLtd 14 1.977 12,392 83 18 1.698 0.279
ChinaInternationalCapitalCorp 15 1.900 11,907 64 20 1.633 0.267
GFSecurities 16 1.707 10,696 56 41 0.687 1.020
ChinaDevelopmentBank 17 1.692 10,605 64 23 1.569 0.123
SumitomoMitsuiFinancial 18 1.499 9,391 149 22 1.579 -0.080
Nomura 19 1.433 8,977 169 14 1.885 -0.452
BankofCommunications 20 1.398 8,761 68 26 1.341 0.057
TOTAL 100% 626,656 3,602 100%
Asiaex-JapanBondsH12016 H12015
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
ChinaSecuritiesCoLtd 1 4.790 26,154 137 8 2.364 2.426
GuotaiJunanSecuritiesCoLtd 2 4.246 23,181 100 11 2.317 1.929
BankofChina 3 3.682 20,103 125 5 3.877 -0.195
Industrial&CommBankofChina 4 3.544 19,349 125 1 4.462 -0.918
CITICSecuritiesCoLtd 5 3.503 19,127 82 2 4.154 -0.651
HaitongSecuritiesCoLtd 6 2.891 15,782 75 21 1.499 1.392
AgriculturalBankofChinaLtd 7 2.804 15,307 79 7 2.720 0.084
ChinaConstructionBank 8 2.795 15,259 123 4 3.889 -1.094
HSBC 9 2.697 14,726 138 3 4.013 -1.316
IndustrialBankCoLtd 10 2.270 12,392 83 13 1.944 0.326
ChinaInternationalCapitalCorp 11 2.181 11,907 64 15 1.869 0.312
GFSecurities 12 1.959 10,696 56 36 0.786 1.173
ChinaDevelopmentBank 13 1.943 10,605 64 17 1.796 0.147
Citi 14 1.742 9,509 94 6 3.149 -1.407
BankofCommunications 15 1.605 8,761 68 20 1.536 0.069
PingAnInsuranceGroupCo 16 1.519 8,291 48 34 0.847 0.672
JPMorgan 17 1.438 7,850 52 18 1.774 -0.336
ChinaMerchantsSecurities 18 1.409 7,690 65 25 1.257 0.152
EverbrightSecuritiesCo 19 1.403 7,659 38 46 0.679 0.724
ShanghaiPudongDevelopmentBankCoLtd 20 1.326 7,241 87 16 1.830 -0.504
TOTAL 100% 545,955 3,237 100%
ASEANLocalCurrencyBondsH12016 H12015
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
CIMB 1 12.139 3,716 110 1 12.347 -0.208
DBSGroup 2 10.296 3,152 56 3 7.299 2.997
Maybank 3 7.704 2,358 63 6 5.437 2.267
KrungThaiBank 4 5.836 1,786 43 12 2.893 2.943
Oversea-ChineseBankingCorp 5 5.569 1,705 44 4 6.094 -0.525
RHB 6 5.141 1,574 72 2 8.510 -3.369
AmInvestmentBankBhd 7 4.890 1,497 28 7 5.362 -0.472
SiamCommercialBankPCL 8 4.836 1,481 34 13 2.686 2.150
BangkokBankPCL 9 4.698 1,438 25 15 2.372 2.326
UnitedOverseasBank 10 4.517 1,383 36 9 4.417 0.100
BankofAyudhyaPCL 11 3.426 1,049 19 11 3.598 -0.172
KasikornbankPCL 12 3.234 990 31 10 4.270 -1.036
StandardCharteredBank 13 2.451 750 20 5 5.634 -3.183
IndoPremierSecurities 14 2.192 671 53 18 1.552 0.640
MandiriSekuritasPT 15 1.907 584 42 16 1.832 0.075
DanareksaSekuritasPT 16 1.853 567 33 19 1.535 0.318
BahanaSecurities 17 1.355 415 22 21 1.392 -0.037
TiscoBankPCL 18 1.298 397 3 - - -
AsiaPlusSecurities 19 1.122 344 25 17 1.556 -0.434
Industrial&CommBankofChina 20 1.121 343 2 - - -
TOTAL 100% 30,612 479 100%
Bloomberg GlobalFixedIncome|H12016
BloombergLeagueTableReports Page17
Australian/NewZealandInternationalBondsH12016 H12015
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Citi 1 11.886 5,496 27 2 10.600 1.286
HSBC 2 9.112 4,213 22 3 8.202 0.910
JPMorgan 3 7.835 3,622 20 1 14.280 -6.445
CreditSuisse 4 7.723 3,571 11 9 4.238 3.485
BankofAmericaMerrillLynch 5 7.572 3,501 19 12 3.586 3.986
UBS 6 5.881 2,719 14 4 5.390 0.491
NationalAustraliaBankLtd 7 5.814 2,688 15 7 4.399 1.415
GoldmanSachs 8 5.217 2,412 14 8 4.294 0.923
ANZBankingGroup 9 5.079 2,349 12 10 3.889 1.190
MorganStanley 10 4.645 2,147 12 16 2.453 2.192
CommonwealthBankAustralia 11 3.981 1,841 11 15 2.523 1.458
DeutscheBank 12 3.469 1,604 9 5 4.681 -1.212
RBCCapitalMarkets 13 2.807 1,298 7 11 3.779 -0.972
Nomura 14 2.570 1,189 8 18 1.808 0.762
BNPParibas 15 2.322 1,073 6 14 2.821 -0.499
TDSecurities 16 1.730 800 2 33 0.214 1.516
WellsFargo 17 1.352 625 5 24 1.068 0.284
CreditAgricoleCIB 18 1.308 605 4 19 1.501 -0.193
Macquarie 19 1.282 593 5 23 1.226 0.056
WestpacBanking 20 1.065 493 4 17 2.116 -1.051
TOTAL 100% 46,237 91 100%
AustralianKangarooBondsH12016 H12015
Firm Rank MktShare(%) Volume(AUDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
TDSecurities 1 18.018 2,977 45 1 15.768 2.250
ANZBankingGroup 2 13.722 2,267 24 5 6.355 7.367
DeutscheBank 3 12.471 2,061 23 4 11.770 0.701
Nomura 4 10.000 1,653 19 2 14.979 -4.979
RBCCapitalMarkets 5 9.249 1,528 20 3 14.125 -4.876
JPMorgan 6 6.046 999 19 10 3.923 2.123
HSBC 7 4.655 769 10 9 4.904 -0.249
WestpacBanking 8 3.565 589 6 11 3.699 -0.134
Citi 9 3.303 546 6 6 6.233 -2.930
UBS 10 3.152 521 5 8 5.007 -1.855
CommonwealthBankAustralia 11 3.127 517 7 7 5.211 -2.084
GoldmanSachs 12 2.874 475 3 17 0.490 2.384
NationalAustraliaBankLtd 13 2.683 443 4 12 2.636 0.047
DaiwaSecurities 14 1.992 329 14 13 1.545 0.447
MizuhoFinancial 15 1.664 275 6 19 0.245 1.419
BankofAmericaMerrillLynch 16 1.513 250 2 - - -
DBSGroup 17 0.908 150 1 - - -
Barclays 17 0.908 150 1 - - -
Scotiabank 19 0.151 25 1 15 0.736 -0.585
- - - - - - - -
TOTAL 100% 16,524 121 100%
KoreanInternationalBondsH12016 H12015
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Citi 1 12.009 1,671 18 1 12.619 -0.610
HSBC 2 11.358 1,581 16 2 11.854 -0.496
BankofAmericaMerrillLynch 3 10.198 1,419 13 3 9.820 0.378
CreditAgricoleCIB 4 6.933 965 8 7 5.898 1.035
BNPParibas 5 6.799 946 8 14 2.809 3.990
Nomura 6 5.797 807 7 11 3.158 2.639
SocieteGenerale 7 5.290 736 9 9 3.409 1.881
UBS 8 4.971 692 6 19 1.149 3.822
KoreaDevelopmentBank 9 4.940 687 6 23 0.578 4.362
ANZBankingGroup 10 4.416 614 6 17 2.363 2.053
GoldmanSachs 11 4.282 596 6 12 3.147 1.135
JPMorgan 12 3.802 529 7 5 7.148 -3.346
MizuhoFinancial 13 3.103 432 4 16 2.534 0.569
Barclays 14 3.015 420 5 6 6.267 -3.252
StandardCharteredBank 15 2.865 399 2 15 2.551 0.314
CreditSuisse 16 2.535 353 3 10 3.352 -0.817
Commerzbank 17 1.497 208 2 18 1.865 -0.368
WestpacBanking 18 1.489 207 3 - - -
MorganStanley 19 1.317 183 2 13 2.938 -1.621
DeutscheBank 20 1.188 165 1 4 9.384 -8.196
TOTAL 100% 13,916 50 100%
JapaneseYenBondsH12016 H12015
Firm Rank MktShare(%) Volume(JPYMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MorganStanley 1 25.937 1,634,975 172 1 20.276 5.661
MizuhoFinancial 2 18.118 1,142,101 194 5 14.238 3.880
SumitomoMitsuiFinancial 3 15.643 986,112 147 2 17.065 -1.422
Nomura 4 15.044 948,363 166 3 15.542 -0.498
DaiwaSecurities 5 13.639 859,796 148 4 15.372 -1.733
Citi 6 1.580 99,625 8 9 1.743 -0.163
BankofAmericaMerrillLynch 7 1.223 77,083 11 7 2.410 -1.187
MitsubishiUFJFinancial 8 1.179 74,316 6 8 2.406 -1.227
ShinkinCentralBank 9 1.113 70,167 17 14 0.754 0.359
TokaiTokyoSecuritiesCoLtd 10 0.924 58,250 16 13 0.851 0.073
GoldmanSachs 11 0.870 54,833 9 6 3.078 -2.208
JPMorgan 12 0.587 37,000 5 23 0.045 0.542
HSBC 13 0.539 34,000 3 11 1.210 -0.671
SocieteGenerale 14 0.523 33,000 6 17 0.318 0.205
BNPParibas 15 0.504 31,767 6 20 0.213 0.291
SBIHoldingsInc/Japan 16 0.484 30,500 5 - - -
CreditAgricoleCIB 17 0.471 29,683 7 12 0.947 -0.476
Barclays 18 0.365 23,000 2 15 0.710 -0.345
CreditSuisse 19 0.304 19,133 3 16 0.421 -0.117
DeutscheBank 20 0.238 15,000 1 19 0.218 0.020
TOTAL 100% 6,303,724 367 100%
Bloomberg GlobalFixedIncome|H12016
BloombergLeagueTableReports Page18
HongKongDollarBondsH12016 H12015
Firm Rank MktShare(%) Volume(HKDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
HSBC 1 18.708 30,150 88 1 23.294 -4.586
BankofCommunications 2 15.513 25,000 10 11 2.787 12.726
StandardCharteredBank 3 11.435 18,428 55 2 9.648 1.787
Citi 4 8.647 13,936 41 6 5.224 3.423
ChinaConstructionBank 5 6.331 10,203 9 15 1.464 4.867
BankofChina 6 6.205 10,000 6 9 3.343 2.862
CreditAgricoleCIB 7 5.081 8,188 29 14 1.473 3.608
AgriculturalBankofChinaLtd 8 2.808 4,525 4 22 0.732 2.076
SocieteGenerale 9 2.762 4,451 17 8 3.874 -1.112
DBSGroup 10 2.572 4,145 7 7 5.022 -2.450
ANZBankingGroup 11 2.536 4,088 16 10 3.329 -0.793
UBS 12 2.382 3,840 5 17 1.354 1.028
GoldmanSachs 13 1.792 2,888 6 12 2.605 -0.813
Barclays 14 1.667 2,686 13 4 8.203 -6.536
BNPParibas 15 1.508 2,431 9 13 1.968 -0.460
Scotiabank 16 1.428 2,302 11 21 0.803 0.625
NationalAustraliaBankLtd 17 1.387 2,235 9 5 7.788 -6.401
BankofAmericaMerrillLynch 18 1.034 1,667 4 34 0.073 0.961
Oversea-ChineseBankingCorp 19 1.010 1,627 4 3 9.362 -8.352
CommonwealthBankAustralia 20 0.819 1,320 7 16 1.373 -0.554
TOTAL 100% 161,157 385 100%
OffshoreCNYBondsH12016 H12015
Firm Rank MktShare(%) Volume(CNYMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
HSBC 1 21.679 17,112 46 1 16.460 5.219
CreditAgricoleCIB 2 13.770 10,869 46 4 7.624 6.146
Nomura 3 7.950 6,275 13 28 0.745 7.205
Citi 4 7.191 5,676 19 5 5.296 1.895
StandardCharteredBank 5 6.512 5,140 21 2 12.261 -5.749
GoldmanSachs 6 4.637 3,660 8 33 0.555 4.082
BNPParibas 7 4.577 3,613 16 3 8.576 -3.999
DBSGroup 8 3.698 2,919 12 7 3.466 0.232
BankofChina 9 3.421 2,700 3 6 4.137 -0.716
SocieteGenerale 10 2.825 2,230 8 13 1.909 0.916
UBS 11 2.475 1,954 17 21 1.418 1.057
KGISecuritiesCoLtd 12 1.989 1,570 3 18 1.574 0.415
Barclays 13 1.954 1,542 10 8 2.870 -0.916
Oversea-ChineseBankingCorp 14 1.698 1,340 6 19 1.539 0.159
Industrial&CommBankofChina 15 1.520 1,200 1 16 1.669 -0.149
Scotiabank 16 1.492 1,178 8 10 2.354 -0.862
AgriculturalBankofChinaLtd 17 1.267 1,000 1 17 1.639 -0.372
BankofCommunications 17 1.267 1,000 1 11 2.243 -0.976
CommonwealthBankAustralia 19 1.121 885 3 49 0.116 1.005
BankofAmericaMerrillLynch 20 0.988 780 2 60 0.058 0.930
TOTAL 100% 78,930 267 100%
SingaporeDollarBondsH12016 H12015
Firm Rank MktShare(%) Volume(SGDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
DBSGroup 1 47.159 6,508 42 1 38.916 8.243
Oversea-ChineseBankingCorp 2 17.748 2,449 20 2 23.690 -5.942
StandardCharteredBank 3 6.841 944 7 3 7.817 -0.976
UnitedOverseasBank 4 6.283 867 11 5 5.704 0.579
HSBC 5 4.167 575 7 4 5.947 -1.780
Industrial&CommBankofChina 6 3.804 525 3 13 0.872 2.932
DeutscheBank 7 3.080 425 2 13 0.872 2.208
CIMB 8 2.853 394 7 7 2.514 0.339
ANZBankingGroup 9 1.812 250 1 6 3.052 -1.240
CreditSuisse 10 1.359 188 1 8 1.671 -0.312
NationalAustraliaBankLtd 11 1.087 150 1 - - -
SocieteGenerale 12 1.027 142 1 23 0.087 0.940
MizuhoFinancial 13 0.926 128 4 22 0.218 0.708
JPMorgan 14 0.449 62 3 - - -
RHB 15 0.362 50 1 19 0.545 -0.183
MitsubishiUFJFinancial 16 0.310 43 1 20 0.363 -0.053
UBS 17 0.281 39 2 12 0.889 -0.608
Natixis 18 0.236 33 1 21 0.327 -0.091
Nomura 19 0.109 15 1 - - -
GoldmanSachs 19 0.109 15 1 17 0.610 -0.501
TOTAL 100% 13,799 77 100%
UridashiBonds(Manager)H12016 H12015
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MitsubishiUFJFinancial 1 17.396 1,785 22 2 16.069 1.327
Nomura 2 16.325 1,675 20 6 6.897 9.428
SumitomoMitsuiFinancial 3 14.148 1,452 22 3 15.954 -1.806
MizuhoFinancial 4 14.141 1,451 21 1 17.503 -3.362
MorganStanley 5 9.858 1,012 14 4 12.503 -2.645
DaiwaSecurities 6 7.295 749 17 5 9.015 -1.720
BNPParibas 7 3.698 380 52 7 4.149 -0.451
HSBC 8 3.157 324 48 9 2.902 0.255
TokaiTokyoSecuritiesCoLtd 9 2.780 285 28 12 1.717 1.063
CreditAgricoleCIB 10 2.702 277 42 11 1.938 0.764
SBIHoldingsInc/Japan 11 1.824 187 4 - - -
JPMorgan 12 1.641 168 17 14 1.137 0.504
DeutscheBank 13 1.592 163 16 10 2.696 -1.104
CreditSuisse 14 1.518 156 26 8 3.842 -2.324
Barclays 15 1.008 103 12 13 1.258 -0.250
Citi 16 0.884 91 21 17 0.469 0.415
ShinseiBankLtd 17 0.032 3 2 20 0.066 -0.034
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 10,262 376 100%
Bloomberg GlobalFixedIncome|H12016
BloombergLeagueTableReports Page19
UridashiBonds(UridashiAgent)H12016 H12015
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
MorganStanley 1 26.519 3,307 50 1 27.779 -1.260
SumitomoMitsuiFinancial 2 13.871 1,730 41 3 12.332 1.539
Nomura 3 12.257 1,529 14 7 3.860 8.397
MizuhoFinancial 4 10.051 1,253 21 2 14.701 -4.650
DaiwaSecurities 5 9.138 1,140 27 4 11.994 -2.856
TokaiTokyoSecuritiesCoLtd 6 8.554 1,067 82 5 8.539 0.015
OkasanSecuritiesGroupInc 7 4.769 595 79 6 4.049 0.720
SBIHoldingsInc/Japan 8 3.469 433 36 8 3.732 -0.263
IwaiCosmoHoldingsInc 9 1.792 223 15 10 1.898 -0.106
ChugokuBankLtd 10 1.285 160 19 12 1.138 0.147
AozoraBankLtd 11 1.158 144 11 9 2.211 -1.053
HachijuniBankLtd 12 0.755 94 5 11 1.350 -0.595
ShinseiBankLtd 13 0.659 82 11 13 0.679 -0.020
MitoSecuritiesCoLtd 14 0.658 82 8 20 0.321 0.337
ANDOSecuritiesCoLtd 15 0.620 77 6 24 0.227 0.393
ImamuraSecuritiesCo 16 0.538 67 8 15 0.505 0.033
MusashiSecuritiesCo 17 0.488 61 5 28 0.167 0.321
MonexInc 18 0.365 46 9 18 0.348 0.017
GoldmanSachs 19 0.353 44 3 - - -
DaishiSecuritiesCoLtd 20 0.275 34 6 - - -
TOTAL 100% 12,470 530 100%
Bloomberg Fixed Income - League Tables Criteria
Bloomberg L.P. reserves the right of final decision concerning league eligibility and requires adequate documentation for the same. Bloomberg L.P. and its suppliers believe the information herein was obtained from reliable sources, but they do not guarantee its accuracy. Neither the information nor the opinion expressed constitutes a solicitation of the purchase or sale of securities or commodities. Due to the dynamic nature of the Professional Service product, League Table rankings may vary between the quarterly/year-end publications and data found on the Bloomberg Professional Service.
General Guidelines Credit is based on the total amount of the offering. Full credit is awarded to the sole bookrunning manager or split equally among joint bookrunning managers; unless a full, explicit breakdown of bookrunning is provided by an involved party.
Issues are credited based on principal value in all instances except for deep discount bonds (priced 80% or lower). Deep discounted issues are credited based on the proceeds amount. The proceeds are equal to the face amount multiplied by the issue price.
Regional and local tables are identified based on factors such as currency, market of issue, market of syndication and/or country of risk. To view the criteria for a particular table – click on the information symbol to the right of the table heading.
All transaction must have a maturity or a call/put option of minimum 18 month. Make-whole calls, provisional calls/puts are exempt from this rule. Increases and fungible securities are also subject to the 18 month minimum period from the settlement date of the increase/fungible transaction. Note: criteria may vary for some local and/or regional tables.
USD denominated 144A/REG S issues are credited 100% to the 144A tranche and 0% to the REG S tranche. Non-USD denominated 144A/REG S issues are credited 100% to the REG S tranche and 0% to the 144A tranche.
Only new money portions of exchange offers are eligible for credit.
Investment grade and high yield transactions are based on official, expected, and provisional ratings by Fitch, Moody’s and S&P. In instances where there is no issue-specific rating, transactions will be determined to be Investment Grade or High Yield based on collateral, issuer or issuer parent ratings based on the waterfall in Appendix 7 of the League Table Criteria published on LEAG<GO>. Note: Criteria may vary for some local and/or regional table. When rating is split, transaction will appear in the relevant investment grade table.
Exclusions
Accredited investor tranches, asset-backed issues, auction note agencies, collateralized bond obligations, collateralized loan obligations, commercial paper, municipal bonds, mortgage-backed issues, remarketed issues, repackaged bonds, government borrowing scheme retained bonds, variable principal redemption issues, variable interest equity-linked issues, and credit linked notes, selling group agency issues, strips, units, warrants, self-led under USD 50 million. Note: criteria may vary for some local and/or regional tables. The full version of Bloomberg’s League table Standards & Guidelines can be accessed and subscribed to on the Reports tab on LEAG<GO>.
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