|
Bookrunners of convertible Eurobond issues, |
||||
Amount ($m) |
No. issues |
Share (%) |
||
1 |
Warburg Dillon Read | 10,414 |
23 |
43.8 |
2 |
Goldman Sachs |
2,342 |
6 |
9.8 |
3 |
Morgan Stanley |
1,562 |
8 |
6.6 |
4 |
Deutsche Bank |
1,325 |
3 |
5.6 |
5 |
Merrill Lynch |
1,250 |
8 |
5.3 |
6 |
Credit Suisse First Boston |
1,035 |
5 |
4.3 |
7 |
Paribas |
908 |
2 |
3.8 |
8 |
HSBC |
895 |
3 |
3.8 |
9 |
ABN Amro |
705 |
4 |
3.0 |
10 |
Dresdner Kleinwort Benson |
564 |
2 |
2.4 |
|
Others |
2,799 |
23 |
11.8 |
|
Total |
23,799 |
87 |
100.0 |
| Source: Capital Data Bondware | ||||
The recent cancellation of a Dfl220 million ($116.8 million) convertible for Van der Moolen Holding came as little surprise. The appetite for equity exposure to independent Dutch securities companies is about the same as that for securities companies elsewhere. However, the news that Belgian glassmaker Glaverbel was also shelving its planned issue shows that market turbulence is seriously affecting even this usually transquil corner of the markets.
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