It is free to register: Tell your Colleagues!
First Name:
Last Name:
Email Address:
For Free access, Please accept our terms and conditions
Terms And Conditions

Register

Email Address:
Password:
Login Reset password
 
Syndicated Self-Led
Click here to create a customised League Table
Overall Issuer 01/01/2019 - 11/11/2019
Rank Name US$m Trades
1 3,733,077 120
2 3,068,695 403
3 653,501 5,720
4 535,297 1,723
5 502,693 9,030
6 466,892 16,642
7 464,559 177
8 384,596 60
9 359,723 107
10 258,814 79
11 216,173 169
12 197,533 58
13 185,628 6,575
14 164,213 33
15 163,845 1,354
16 154,084 90
17 140,858 51
18 128,929 925
19 123,615 67
20 121,929 167
21 119,887 5,347
22 115,959 540
23 110,509 37
24 110,216 12,136
25 106,265 224
26 102,827 113
27 101,057 107
28 100,059 98
29 98,729 285
30 98,282 9,722
31 84,776 120
32 81,003 12,919
33 59,466 79
34 56,364 140
35 54,030 902
36 53,673 352
37 52,557 70
38 51,900 63
39 51,253 21,011
40 48,010 828
41 47,894 89
42 45,300 284
43 44,193 62
44 40,412 31
45 38,650 28,201
46 35,278 311
47 34,003 48
48 33,806 18,442
49 31,707 177
50 31,130 14,403
51 30,372 1,069
52 30,199 54
53 29,889 6
54 29,776 24
55 28,907 9,499
56 28,573 55
57 28,173 15
58 27,701 9,900
59 27,636 39
60 27,574 126
61 27,512 2,545
62 26,714 88
63 26,469 31
64 26,010 25
65 25,879 134
66 25,791 102
67 25,738 12
68 24,491 31
69 24,443 45
70 23,243 117
71 22,950 29
72 22,925 99
73 22,853 4,306
74 22,470 91
75 22,256 196
76 22,037 11
77 21,972 73
78 21,852 9
79 21,764 138
80 21,423 11
81 21,419 13
82 21,361 9
83 21,346 36
84 20,945 39
85 20,785 9
86 20,640 59
87 19,949 14
88 19,757 51
89 19,682 11
90 19,649 1
91 19,489 10
92 19,447 84
93 19,353 94
94 19,341 29
95 19,318 19
96 19,208 100
97 19,190 1,759
98 19,162 86
99 19,039 38
100 19,000 9
© CMD.
Click here to customise this League Table
Overall Dealer 01/01/2019 - 11/11/2019
Rank Name US$m Trades
1 340,622 2,236
2 288,757 1,928
3 247,289 1,550
4 239,689 1,461
5 238,666 1,657
6 189,680 1,174
7 183,998 1,258
8 176,962 1,169
9 158,000 1,023
10 117,003 868
11 98,248 792
12 94,508 741
13 93,389 573
14 91,566 736
15 90,124 640
16 77,995 511
17 76,976 446
18 66,770 896
19 65,313 731
20 55,015 372
21 54,824 486
22 54,060 464
23 49,360 268
24 45,659 321
25 44,659 369
26 41,725 421
27 34,623 330
28 33,691 236
29 30,556 201
30 30,422 291
31 25,422 314
32 23,452 217
33 21,014 216
34 19,262 158
35 18,677 156
36 18,647 282
37 18,635 143
38 17,472 202
39 17,254 153
40 16,439 223
41 16,376 149
42 13,281 149
43 13,093 175
44 12,068 77
45 11,582 112
46 11,115 72
47 10,499 136
48 10,410 129
49 10,183 62
50 9,826 106
51 9,782 213
52 9,678 87
53 9,575 81
54 9,330 137
55 8,817 80
56 8,644 144
57 8,600 70
58 8,049 108
59 7,726 149
60 7,135 52
61 7,067 109
62 6,884 145
63 6,755 49
64 6,491 130
65 6,439 52
66 6,297 44
67 5,898 145
68 5,746 59
69 5,665 107
70 5,521 57
71 5,480 88
72 5,398 113
73 5,337 123
74 4,899 49
75 4,770 115
76 4,728 109
77 4,723 94
78 4,624 97
79 4,450 24
80 4,407 88
81 4,403 36
82 4,325 88
83 4,303 111
84 4,287 92
85 4,143 6
86 3,872 82
87 3,859 42
88 3,847 45
89 3,846 48
90 3,815 96
91 3,675 54
92 3,655 22
93 3,547 26
94 3,526 27
95 3,483 31
96 3,371 35
97 3,100 51
98 3,040 24
99 3,003 18
100 2,938 26
© CMD. Self-led exc.
Click here to customise this League Table

League Table Criteria

Submission Rules: 

All new issues are subject to the following submission rules: Details of relevant new issues for the period must generally be received within 5 business days of pricing or settlement.

New issues at quarter end must be received before the relevant quarter end.

New issues not received before the relevant quarter end are entered into the database but classified as rank ineligible and are not included in league tables for the relevant quarter end.


General Classifications: 

  • New issues are trade-able debt instruments with either a vanilla or a more complicated interest and or redemption structure.
  • All new issues are eligible whether underwritten or not.
  • Auctioned issues are also eligible.
  • Sole-led takedowns are eligible for league table credit. Some league tables may express that Self-led transactions are excluded.
  • Cancelled or postponed issues are not eligible.
  • Exchange offers are only eligible to the extent that new money is raised.
  • Each League Table will contain summary league table criteria at the bottom of the relevant table.
  • Time periods for league tables are based upon the date we first hear about a new issue or the pricing date whichever is earlier. (Trade Date).
  • League Table rankings are based upon proceeds, including any increases to the borrower and are where the context so requires either expressed in millions or billions of the relevant currency in which they are expressed.
  • US dollar League Tables that incorporate new issues denominated in various (non US dollar) currencies are converted to the US dollar equivalent using the average currency exchange rate on the day of pricing (Trade Date).
  • Euro League Tables that incorporate new issues denominated in various (non Euro) currencies are converted to the Euro equivalent using the average currency exchange rate on the day of pricing (Trade Date).
  • Bookrunners identified as ‘passive’ will not be eligible for league table credit. Only ‘active’ bookrunners will receive standard league table credit.
  • Full credit is given to the bookrunner or dealer, equal if joint books or joint dealers.
  • In cases of underwriter or dealer consolidation, credit is given to the surviving/parent firm.
  • All issuer country/region classifications are determined by the country/region of incorporation of the relevant issuer.
  • All issuer city classifications are determined by the city from where the instruments have been issued. In the case of a foreign branch, this will be the head office of the branch.
  • All (issuer) group country classifications are determined by the country of incorporation of the relevant issuer’s head office.

Maturity Classifications: 

  • New issues that mature or are callable/putable between more than 365 days and less than 1.5 years after settlement are referred to as Short Term.
  • New issues that mature or are callable/putable more than 1.5 years after settlement are referred to as Long Term.

Ratings: 

  • All credit ratings that feature in the CMD League Tables are Capital Market Daily generic ratings and are worked out as the lower average of credit ratings on the relevant issuer available to Capital Market Daily.
  • Investment Grade Corporate Debt is defined as long-term new issues with a CMD generic rating equal to or greater than BBB-.
  • High Yield Corporate Debt is defined as long-term new issues with a CMD generic rating equal to or less than BB+.
  • Emerging Market countries are countries that are not members of the OECD.
  • Bonds offered by issuers in emerging markets are not eligible for high yield corporate debt league table credit however, are eligible for emerging markets league table credit.

Mortgage and Asset-backed Securities: 

  • New issues securitising first mortgages are classified as MBS. All other securitisations are classified as ABS.
  • Self-funded is defined as any securitisation where 50% or more of the securitised assets were originated by the bookrunner/dealer or an affiliate of the bookrunner/dealer.

Marketplace Classification: 

  • International New Issues are new issues where the ISIN starts with XS.
  • Domestic New Issues are new issues where the ISIN does not start with XS.
  • Global New Issues are new issues where the transaction has multiple ISINs or where the prospectus indicates that the security is global and is usually deposited with the DTC and either Clearstream or Euroclear. Global New Issues are typically registered with the SEC and offer tax gross up, have various selling restrictions and have multiple paying agents. Global new issues are typically listed on an international exchange.
  • Yankee new issues are new issues of non-US issuers where the ISIN starts with US and the issue follows the Yankee procedures.
  • 144A new issues are new issues of non-US issuers where the ISIN starts with US and the issue follows the 144A procedures.
  • Samurai new issues are new issues of non-Japanese issuers sold to Japanese domestic investors following a Samurai license from the Japanese Ministry of Finance.
  • Uridashi new issues are new issues of non-Japanese issuers sold to Japanese domestic investors following a Uridashi license from the Japanese Ministry of Finance.
  • Foreign new issues are Domestic new issues where the issuer country (or where the relevant issuer guarantor’s country) does not correspond with the relevant country’s first two digits of the ISIN code. (f.e. the ISIN does not start with DE but the issuer’s or guarantors’ country is Germany)

Issuer Classifications: 

  • Issuer Group include all issuers that belong to a specific group of entities, whether through direct or indirect ownership or through partnership. Each case is judged on its own. The group name is typically the general marketing name used by the group of entities.
  • Supranational agencies are issuers that have various sovereign entities as supporting members.
  • Federal Government entities are autonomous sovereign issuers that have a federal political structure.
  • State Government entities are autonomous sovereign issuers that are either part of a federal political structure or not.
  • Provincial Government entities are semi-sovereign issuers that are not autonomous. This includes provinces and counties.
  • Municipal Government entities are mainly cities, towns and villages.
  • Publicly owned Bank are Banks predominantly owned by a sovereign or semi sovereign entity.
  • Publicly owned Building Society are Building Societies predominantly owned by a sovereign or semi sovereign entity.
  • Publicly owned Corporate are Corporates predominantly owned by a sovereign or semi sovereign entity.
  • Privately owned Bank are Banks not predominantly owned by a sovereign or semi sovereign entity.
  • Privately owned Building Society are Building Societies not predominantly owned by a sovereign or semi sovereign entity.
  • Privately owned Corporate are Corporates not predominantly owned by a sovereign or semi sovereign entity.
  • Partnership are members of a business venture created by contract with no limited liability.
  • A predominant ownership is an ownership of more than 50% of the relevant voting rights or decision making unit.

Increases and reopenings: 

Increases or reopenings are eligible provided they are notified in time.

The increase or reopening date is considered to be the issue date, regardless of earlier terms. They are recorded as separate issues.


MTN transactions: 

All MTN takedowns are eligible for league table credit irrespective of programme size.


For more detail or further information on our league table criteria, please contact the CMD editorial team at analysts@cmdportal.com 

About Us   Contact Us   FAQ   Press Releases   Partners   Events   Dictionary   Reference Data Utility   Advertising   Legal   Technical     
Copyright © 2019 Capital Market Data Ltd. All rights reserved.