Best Borrower Poll |
|
Overall winner | By regions |
By borrower type | By corporate type |
Emerging markets | Methodology |
Finanzagentur wins new borrower poll
Best fixed income research house poll |
|
Overall Credit strategy | Overall Trade Ideas |
Credit Research Teams | Emerging markets |
>> Bonus regional breakdown results published |
WHO SAID THE capital markets were dead? This year promises to be the biggest in history for investment-grade primary markets. Banks, beleaguered through much of 2008, are smiling again. In addition to rampant corporate debt supply, the boon of government-guaranteed bonds has provided a fortune in virtually risk-free profits for the biggest debt players. JPMorgan, top of the global DCM league tables, made over $500 million in revenues from the primary bond markets in the first five months of the year. All of the top 10 firms earned revenues of more than a quarter of a billion dollars. Suddenly, against a highly positive backdrop of tightening credit spreads, the primary debt markets are lucrative again.