canada capital markets · firm rank mkt share(%) volume (cad mln) deal count prev rank prev mkt...
TRANSCRIPT
The Bloomberg 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; according to Bloomberg standards.
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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.
MANAGER RANKINGS
CANADA CAPITAL MARKETS
DATA SUBMISSIONS AND QUERIES
Equities
Fixed Income
Loans
Contact Email
© 2018 Bloomberg Finance L.P. All rights reserved.
H1 2018 PRELIMINARY AS OF 25 JUNE 2018
Irina Arefyeva
Robert Dienst
Paul Bandong
Phone +1 646 324 4663
+1 609 279 3691
+1 609 279 5187
Bloomberg PreliminaryCanadaCapitalMarkets|H12018
BloombergLeagueTableReports Page1
CanadianCorporateBonds
H12018 H12017
Firm RankMkt
Share(%)Volume(CAD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
TDSecurities 1 21.103 12,880 56 1 23.813 -2.710
BMOCapitalMarkets 2 18.005 10,990 43 4 14.028 3.977
RBCCapitalMarkets 3 17.267 10,539 66 2 20.344 -3.077
CIBC 4 15.922 9,718 48 3 15.544 0.378
Scotiabank 5 15.528 9,478 38 5 12.477 3.051
HSBC 6 4.049 2,472 14 9 1.341 2.708
NationalBankFinancialInc 7 3.496 2,134 11 6 4.324 -0.828
LaurentianBankofCanada 8 2.048 1,250 3 10 1.204 0.844
BankofAmericaMerrillLynch
9 1.161 708 5 7 3.642 -2.481
MorganStanley 10 0.819 500 1 8 1.853 -1.034
GoldmanSachs 11 0.246 150 1 13 0.293 -0.047
DesjardinsCapitalMarkets 12 0.232 142 2 11 0.650 -0.418
GMPSecurities 13 0.123 75 1 - - 0.123
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 61,035 122 100%
Thistableconsistsofdebtsecuritiesissuedbycorporateissuers,inCADwithmarketofissue"Canadian","Domestic,"DomesticMTN","Global","Maple"or"PrivatePlacement".Thisexcludesmortgages,bondswithwarrants,credit-linkedsecurities,governmentissuers,andstructurednotes.Thereisaminimumthresholdof18monthsformaturities,callorputperiods,andCAD50MMminimumamountforself-ledsecurities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Financials66%
ConsumerDiscretionary11%
Industrials7%
Utilities5%
Others10%
CanadianCorporateBonds:ManagerRankingsHistory
CanadianCorporateBonds:IndustryBreakdown
66%
11%
7%
5%
10%
TDSecurities
BMOCapitalMarkets
RBCCapitalMarkets
CIBC
Scotiabank
HSBC
10
20
MarketShare(%)
0
30
2018 2017 2016
Bloomberg PreliminaryCanadaCapitalMarkets|H12018
BloombergLeagueTableReports Page2
CanadianCorporateBonds-BonusH12018 H12017
Firm Rank MktShare(%) Volume(CADMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
TDSecurities 1 17.758 10,839 82 1 18.476 -0.718
BMOCapitalMarkets 2 16.468 10,052 68 5 10.611 5.857
Scotiabank 3 15.295 9,335 69 4 12.650 2.645
RBCCapitalMarkets 4 13.674 8,346 87 3 15.018 -1.344
CIBC 5 12.541 7,655 76 2 15.171 -2.630
HSBC 6 5.480 3,345 38 9 2.066 3.414
NationalBankFinancialInc 7 4.692 2,864 49 6 7.088 -2.396
LaurentianBankofCanada 8 2.955 1,803 15 12 1.436 1.519
DesjardinsCapitalMarkets 9 2.425 1,480 32 8 3.024 -0.599
BankofAmericaMerrillLynch 10 1.910 1,166 17 7 4.254 -2.344
MorganStanley 11 0.933 569 3 10 1.836 -0.903
Casgrain&Co 12 0.892 545 14 11 1.492 -0.600
ManulifeFinancialCorp 13 0.736 449 6 21 0.240 0.496
WellsFargo 14 0.643 392 8 16 0.738 -0.095
GoldmanSachs 15 0.488 298 5 19 0.465 0.023
Citi 16 0.465 284 7 14 0.984 -0.519
IndustrialAllianceInsurance&Financial 17 0.455 278 4 25 0.118 0.337
MitsubishiUFJFinancialGroupInc 18 0.415 253 8 18 0.730 -0.315
AltaCorpCapital 19 0.346 211 6 13 1.025 -0.679
JPMorgan 20 0.304 186 6 15 0.746 -0.442
TOTAL 100% 61,035 122 100%
CanadianGovernmentBondsH12018 H12017
Firm Rank MktShare(%) Volume(CADMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
NationalBankFinancialInc 1 25.135 13,786 74 2 22.345 2.790
TDSecurities 2 17.047 9,350 15 1 24.208 -7.161
RBCCapitalMarkets 3 15.939 8,743 29 3 17.242 -1.303
CIBC 4 15.376 8,433 54 4 13.147 2.229
Scotiabank 5 13.008 7,135 21 6 9.015 3.993
BMOCapitalMarkets 6 12.169 6,675 17 5 11.863 0.306
HSBC 7 0.593 325 2 7 0.735 -0.142
BankofAmericaMerrillLynch 8 0.365 200 1 9 0.362 0.003
DesjardinsCapitalMarkets 9 0.252 138 7 8 0.687 -0.435
Casgrain&Co 10 0.114 63 2 11 0.117 -0.003
LaurentianBankofCanada 11 0.003 2 1 10 0.271 -0.268
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 54,848 175 100%
CanadianGovernmentBonds-BonusH12018 H12017
Firm Rank MktShare(%) Volume(CADMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
NationalBankFinancialInc 1 14.496 7,951 124 3 13.653 0.843
TDSecurities 2 14.323 7,856 65 1 20.129 -5.806
RBCCapitalMarkets 3 13.852 7,598 83 2 15.062 -1.210
Scotiabank 4 13.661 7,493 69 6 10.548 3.113
CIBC 5 13.572 7,444 122 4 12.860 0.712
BMOCapitalMarkets 6 12.623 6,924 66 5 11.935 0.688
DesjardinsCapitalMarkets 7 7.163 3,929 44 7 6.036 1.127
BankofAmericaMerrillLynch 8 2.913 1,598 9 8 2.984 -0.071
LaurentianBankofCanada 9 2.697 1,479 26 9 2.371 0.326
Casgrain&Co 10 2.560 1,404 27 11 1.824 0.736
HSBC 11 1.799 987 8 10 2.265 -0.466
MarchesMondoauxCIBCInc 12 0.091 50 1 - - 0.091
BNPParibas 13 0.083 45 1 12 0.100 -0.017
CreditAgricoleCIB 13 0.083 45 1 12 0.100 -0.017
SEB 13 0.083 45 1 12 0.100 -0.017
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 54,848 175 100%
CanadaGovernmentBonds-AllocationH12018 H12017
Firm Rank MktShare(%) Volume(CADMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
RBCCapitalMarkets 1 13.442 7,373 93 2 14.091 -0.649
NationalBankFinancialInc 2 13.372 7,334 127 3 13.448 -0.076
TDSecurities 3 13.138 7,206 75 1 19.137 -5.999
CIBC 4 12.575 6,897 123 4 11.232 1.343
Scotiabank 5 12.533 6,874 82 6 9.917 2.616
BMOCapitalMarkets 6 11.346 6,223 76 5 10.552 0.794
DesjardinsCapitalMarkets 7 7.364 4,039 63 7 6.502 0.862
BankofAmericaMerrillLynch 8 4.396 2,411 39 8 4.099 0.297
Casgrain&Co 9 3.958 2,171 64 11 3.275 0.683
LaurentianBankofCanada 10 3.715 2,037 60 10 3.334 0.381
HSBC 11 3.299 1,810 47 9 3.663 -0.364
CanaccordGenuity 12 0.551 302 32 12 0.449 0.102
BeaconSecurities 13 0.092 51 10 13 0.094 -0.002
MarchesMondoauxCIBCInc 14 0.064 35 1 - - 0.064
SEB 14 0.064 35 1 14 0.090 -0.026
BNPParibas 16 0.046 25 1 15 0.054 -0.008
CreditAgricoleCIB 16 0.046 25 1 15 0.054 -0.008
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 54,848 175 100%
Bloomberg PreliminaryCanadaCapitalMarkets|H12018
BloombergLeagueTableReports Page3
CanadaEquity,EquityLinked&Preferred
H12018 H12017
Firm RankMkt
Share(%)Volume(CAD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
TDSecurities 1 11.688 1,964 29 2 16.145 -4.457
BMOCapitalMarkets 2 11.602 1,950 29 3 13.250 -1.648
RBCCapitalMarkets 3 8.062 1,355 21 1 21.256 -13.194
CIBC 4 7.990 1,343 22 5 7.895 0.095
CreditSuisse 5 6.133 1,031 5 11 1.538 4.595
NationalBankFinancialInc 6 6.072 1,020 25 7 5.231 0.841
Scotiabank 7 6.008 1,010 19 6 6.694 -0.686
CanaccordGenuity 8 5.521 928 48 8 2.650 2.871
MorganStanley 9 5.416 910 4 9 1.747 3.669
GMPSecurities 10 4.824 811 19 10 1.600 3.224
Barclays 11 2.738 460 2 17 0.860 1.878
ClarusSecurities 12 2.420 407 10 16 0.922 1.498
GoldmanSachs 13 2.316 389 3 34 0.140 2.176
Cowen&Co 14 1.785 300 1 45 0.071 1.714
WellsFargo 15 1.517 255 2 29 0.243 1.274
CormarkSecuritiesInc 16 1.323 222 12 15 0.944 0.379
EightCapital 17 1.302 219 12 24 0.326 0.976
JPMorgan 18 1.260 212 2 4 8.482 -7.222
Macquarie 19 1.160 195 2 20 0.526 0.634
BankofAmericaMerrillLynch
20 1.140 192 1 19 0.744 0.396
TOTAL 100% 16,805 239 100%
Thistableconsistsofequity,equity-linked&preferredsecuritiesissuedbyCanadianissuers.ThisexcludesAIM-listedsecurities,bondswithwarrants,closed-endfundorinvestmenttrustissuers,creditlinkednotes,localmarketsharesales,qualifiedinvestorplacements(QIP),reverseconvertibles,rightsofferings,self-ledtransactionsorsyntheticconvertibles.Thereisaminimumthresholdof12monthminimumcall,putandmaturityperiods.Note:Issuercountryisdeterminedbycountryofincorporation.See{FIFWDOCS2073227<GO>}forapplicablegenericcriteriaandmarketofsyndicationdefinitionandwaterfalls.
Financials25%
HealthCare19%
ConsumerDiscretionary17%
Materials14%
Energy7%
Utilities6%
Communications6%
Others7%
CanadaEquity,EquityLinked&Preferred:ManagerRankingsHistory
CanadaEquity,EquityLinked&Preferred:IndustryBreakdown
25%
19%
17%
14%
7%
6%
6%
7%
TDSecurities
BMOCapitalMarkets
RBCCapitalMarkets
CIBC
CreditSuisse
NationalBankFinancialInc
5
10
15
20
MarketShare(%)
0
25
2018 2017 2016
Bloomberg PreliminaryCanadaCapitalMarkets|H12018
BloombergLeagueTableReports Page4
CanadaEquity&EquityLinkedH12018 H12017
Firm Rank MktShare(%) Volume(CADMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
BMOCapitalMarkets 1 12.773 1,898 27 3 13.213 -0.440
TDSecurities 2 11.018 1,637 23 2 16.090 -5.072
CIBC 3 8.047 1,196 17 5 7.117 0.930
CreditSuisse 4 6.935 1,031 5 11 1.657 5.278
RBCCapitalMarkets 5 6.470 962 16 1 21.660 -15.190
CanaccordGenuity 6 6.232 926 47 8 2.854 3.378
NationalBankFinancialInc 7 5.877 873 20 7 4.802 1.075
GMPSecurities 8 5.444 809 18 10 1.723 3.721
MorganStanley 9 4.835 719 3 9 1.881 2.954
Scotiabank 10 4.829 718 12 6 5.649 -0.820
Barclays 11 3.097 460 2 17 0.926 2.171
ClarusSecurities 12 2.736 407 10 16 0.993 1.743
GoldmanSachs 13 2.619 389 3 32 0.151 2.468
Cowen&Co 14 2.019 300 1 44 0.076 1.943
CormarkSecuritiesInc 15 1.496 222 12 15 1.016 0.480
EightCapital 16 1.473 219 12 24 0.351 1.122
JPMorgan 17 1.425 212 2 4 9.136 -7.711
Macquarie 18 1.311 195 2 20 0.566 0.745
PacificInternationalSecuritiesInc 19 1.257 187 17 45 0.072 1.185
DeutscheBank 20 1.217 181 1 - - 1.217
TOTAL 100% 14,861 229 100%
CanadaEquityOfferingsH12018 H12017
Firm Rank MktShare(%) Volume(CADMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
TDSecurities 1 11.345 1,436 18 2 16.452 -5.107
BMOCapitalMarkets 2 11.178 1,415 21 3 12.672 -1.494
CIBC 3 8.238 1,043 13 5 6.694 1.544
CreditSuisse 4 8.144 1,031 5 11 1.738 6.406
GMPSecurities 5 6.091 771 17 10 1.807 4.284
MorganStanley 6 5.678 719 3 9 1.973 3.705
NationalBankFinancialInc 7 5.355 678 14 7 4.666 0.689
CanaccordGenuity 8 5.198 658 45 8 2.468 2.730
RBCCapitalMarkets 9 4.737 599 11 1 21.487 -16.750
Scotiabank 10 4.643 588 9 6 5.924 -1.281
Barclays 11 3.637 460 2 17 0.971 2.666
ClarusSecurities 12 3.213 407 10 15 1.042 2.171
GoldmanSachs 13 3.076 389 3 32 0.158 2.918
CormarkSecuritiesInc 14 1.757 222 12 14 1.066 0.691
EightCapital 15 1.730 219 12 24 0.368 1.362
JPMorgan 16 1.674 212 2 4 9.580 -7.906
Macquarie 17 1.540 195 2 20 0.594 0.946
PacificInternationalSecuritiesInc 18 1.477 187 17 45 0.076 1.401
DeutscheBank 19 1.429 181 1 - - 1.429
CantorFitzgerald 20 1.319 167 6 18 0.949 0.370
TOTAL 100% 12,654 212 100%
CanadaEquityIPOH12018 H12017
Firm Rank MktShare(%) Volume(CADMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
BMOCapitalMarkets 1 34.972 217 2 5 4.652 30.320
PacificInternationalSecuritiesInc 2 12.920 80 7 28 0.011 12.909
CanaccordGenuity 3 12.707 79 11 24 0.120 12.587
ParetoSecurities 4 9.577 59 1 - - 9.577
CIBC 5 6.948 43 1 6 3.952 2.996
RBCCapitalMarkets 5 6.948 43 1 1 27.500 -20.552
Scotiabank 5 6.948 43 1 3 7.789 -0.841
HaywoodSecurities 8 4.397 27 16 23 0.229 4.168
MackieResearchCapitalCorp 9 2.117 13 5 27 0.036 2.081
EightCapital 10 1.562 10 1 - - 1.562
IndustrialAllianceInsurance&Financial 11 0.193 1 2 26 0.037 0.156
LeedeJonesGableInc 12 0.192 1 1 - - 0.192
ChippinghamFinancialGroupLtd 13 0.177 1 4 - - 0.177
GMPSecurities 14 0.129 0.80 1 7 3.822 -3.693
EuroPacificCapitalInc 15 0.087 0.54 1 - - 0.087
LeedeFinancialMarketsInc 16 0.084 0.52 2 - - 0.084
JonesGable&CoLtd 17 0.040 0.25 1 - - 0.040
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 620 50 100%
CanadianRetailStructuredProductsH12018 H12017
Firm Rank MktShare(%) Volume(CADMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
RBCCapitalMarkets 1 30.817 186 13 3 25.991 4.826
Scotiabank 2 28.414 172 12 2 28.688 -0.274
CIBC 3 24.418 147 14 1 33.264 -8.846
NationalBankFinancialInc 4 13.837 84 10 4 10.208 3.629
BMOCapitalMarkets 5 0.279 2 1 5 1.448 -1.169
CanaccordGenuity 5 0.279 2 1 - - 0.279
DesjardinsCapitalMarkets 5 0.279 2 1 - - 0.279
EchelonWealthManagementInc 5 0.279 2 1 - - 0.279
GMPSecurities 5 0.279 2 1 - - 0.279
IndustrialAllianceInsurance&Financial 5 0.279 2 1 - - 0.279
MackieResearchCapitalCorp 5 0.279 2 1 - - 0.279
RaymondJames&Associates 5 0.279 2 1 - - 0.279
TDSecurities 5 0.279 2 1 - - 0.279
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 603 17 100%
Bloomberg PreliminaryCanadaCapitalMarkets|H12018
BloombergLeagueTableReports Page5
CanadaLoans(Bookrunner)
H12018 H12017
Firm RankMkt
Share(%)Volume(CAD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
CIBC 1 18.810 24,473 50 3 14.000 4.810
Scotiabank 2 17.206 22,386 51 4 13.530 3.676
TDSecurities 3 16.330 21,246 51 1 22.765 -6.435
BMOCapitalMarkets 4 12.329 16,040 49 5 12.554 -0.225
RBCCapitalMarkets 5 11.285 14,683 35 2 16.566 -5.281
NationalBankFinancialInc 6 8.720 11,345 53 6 9.126 -0.406
HSBC 7 2.947 3,835 16 7 2.623 0.324
JPMorgan 8 2.566 3,339 6 8 1.965 0.601
BankofAmericaMerrillLynch 9 1.742 2,266 8 11 0.997 0.745
Citi 10 1.364 1,774 5 9 1.419 -0.055
BNPParibas 11 1.136 1,478 4 10 1.096 0.040
MitsubishiUFJFinancialGroupInc
12 1.061 1,380 2 - - 1.061
WellsFargo 13 0.816 1,061 2 15 0.249 0.567
ExportDevelopmentCanada 14 0.645 839 2 - - 0.645
CreditAgricoleCIB 15 0.435 566 2 16 0.242 0.193
ATBFinancial 16 0.274 357 3 19 0.153 0.121
BankofIreland 17 0.238 310 1 - - 0.238
MorganStanley 18 0.237 308 3 26 0.016 0.221
DesjardinsCapitalMarkets 19 0.216 280 2 12 0.823 -0.607
INGGroep 20 0.199 258 3 - - 0.199
TOTAL 100% 130,102 204 100%
ThistableconsistsofloanswithamarketofsyndicationasCanada.Thisexcludesbilateralandinstitutionalloans.Thereisaminimumthresholdof3monthsformaturities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Energy25%
Industrials17%
ConsumerDiscretionary15%
Financials11%
Materials11%
Utilities10%
Government5%
Others6%
CanadaLoans:BookrunnerRankingsHistory
CanadaLoans(Bookrunner):IndustryBreakdown
25%
17%
15%
11%
11%
10%
5%
6%
CIBC
Scotiabank
TDSecurities
BMOCapitalMarkets
RBCCapitalMarkets
NationalBankFinancialInc
5
10
15
20
MarketShare(%)
0
25
2018 2017 2016
Bloomberg PreliminaryCanadaCapitalMarkets|H12018
BloombergLeagueTableReports Page6
CanadaLoans(MandatedLeadArranger)H12018 H12017
Firm Rank MktShare(%) Volume(CADMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
CIBC 1 17.002 22,120 53 4 13.591 3.411
Scotiabank 2 16.930 22,026 52 3 14.673 2.257
TDSecurities 3 15.790 20,543 52 1 17.545 -1.755
BMOCapitalMarkets 4 13.468 17,523 59 5 12.996 0.472
RBCCapitalMarkets 5 13.057 16,988 43 2 16.523 -3.466
NationalBankFinancialInc 6 7.453 9,697 55 6 7.939 -0.486
HSBC 7 3.740 4,866 18 7 3.585 0.155
JPMorgan 8 2.331 3,033 6 8 2.583 -0.252
BankofAmericaMerrillLynch 9 2.007 2,611 10 11 1.391 0.616
Citi 10 1.568 2,041 6 9 1.917 -0.349
MitsubishiUFJFinancialGroupInc 11 1.061 1,380 2 18 0.273 0.788
BNPParibas 12 1.031 1,342 3 13 0.925 0.106
WellsFargo 13 0.816 1,061 2 15 0.614 0.202
ExportDevelopmentCanada 14 0.598 778 2 - - 0.598
DesjardinsCapitalMarkets 15 0.584 760 5 12 1.049 -0.465
ATBFinancial 16 0.292 379 4 23 0.136 0.156
BankofChina 17 0.263 342 1 17 0.313 -0.050
BankofIreland 18 0.238 310 1 - - 0.238
MorganStanley 19 0.237 308 3 16 0.418 -0.181
CreditAgricoleCIB 20 0.222 289 1 20 0.240 -0.018
TOTAL 100% 130,102 204 100%
CanadaLoans(AdministrativeAgent)H12018 H12017
Firm Rank MktShare(%) Volume(CADMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Scotiabank 1 25.107 32,916 37 5 14.668 10.439
CIBC 2 18.827 24,682 30 3 16.584 2.243
RBCCapitalMarkets 3 14.977 19,635 20 1 21.972 -6.995
BMOCapitalMarkets 4 13.028 17,080 33 4 15.715 -2.687
TDSecurities 5 12.275 16,092 25 2 16.646 -4.371
NationalBankFinancialInc 6 7.663 10,047 37 6 9.612 -1.949
BankofAmericaMerrillLynch 7 3.563 4,672 3 12 0.346 3.217
HSBC 8 2.405 3,153 10 7 1.163 1.242
DNBASA 9 0.706 926 1 - - 0.706
BankofIreland 10 0.472 619 1 - - 0.472
SumitomoMitsuiFinancial 11 0.258 339 1 - - 0.258
ATBFinancial 12 0.246 323 1 15 0.195 0.051
USBancorp 13 0.165 217 1 - - 0.165
AntaresHoldingsLP 14 0.112 146 3 19 0.024 0.088
MorganStanley 15 0.099 130 1 - - 0.099
WellsFargo 16 0.095 125 1 11 0.461 -0.366
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 131,102 205 100%
CanadaLoans-NewMoney(Bookrunner)H12018 H12017
Firm Rank MktShare(%) Volume(CADMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Scotiabank 1 19.058 5,749 26 5 10.287 8.771
CIBC 2 18.613 5,615 25 3 15.186 3.427
TDSecurities 3 18.317 5,526 24 1 29.303 -10.986
BMOCapitalMarkets 4 16.259 4,905 28 4 13.518 2.741
NationalBankFinancialInc 5 9.644 2,909 30 6 6.417 3.227
RBCCapitalMarkets 6 8.045 2,427 13 2 15.352 -7.307
HSBC 7 2.759 832 9 8 2.244 0.515
BankofIreland 8 1.027 310 1 - - 1.027
BNPParibas 9 0.918 277 1 18 0.166 0.752
CreditAgricoleCIB 9 0.918 277 1 18 0.166 0.752
ATBFinancial 11 0.910 274 2 14 0.211 0.699
USBancorp 12 0.718 217 1 - - 0.718
BankofAmericaMerrillLynch 13 0.638 192 4 10 0.670 -0.032
Citi 14 0.611 184 2 20 0.108 0.503
AntaresHoldingsLP 15 0.423 128 3 21 0.068 0.355
SumitomoMitsuiFinancial 16 0.374 113 1 16 0.170 0.204
JPMorgan 17 0.230 69 2 7 3.914 -3.684
MitsubishiUFJFinancialGroupInc 18 0.098 30 1 - - 0.098
SunTrustRobinsonHumphrey 19 0.067 20 2 22 0.023 0.044
WellsFargo 20 0.058 18 1 13 0.249 -0.191
TOTAL 100% 30,166 108 100%
CanadaLoans-NewMoney(MandatedLeadArranger)H12018 H12017
Firm Rank MktShare(%) Volume(CADMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
BMOCapitalMarkets 1 19.859 5,944 34 3 13.631 6.228
CIBC 2 19.199 5,746 26 2 14.910 4.289
TDSecurities 3 16.803 5,029 23 4 12.956 3.847
Scotiabank 4 15.769 4,720 24 5 12.738 3.031
RBCCapitalMarkets 5 10.089 3,020 16 1 20.408 -10.319
NationalBankFinancialInc 6 8.972 2,685 29 7 6.090 2.882
HSBC 7 2.476 741 8 8 4.627 -2.151
BNPParibas 8 1.157 346 1 19 0.162 0.995
BankofIreland 9 1.035 310 1 - - 1.035
ATBFinancial 10 0.917 274 2 17 0.207 0.710
Citi 11 0.885 265 3 22 0.106 0.779
USBancorp 12 0.724 217 1 - - 0.724
DesjardinsCapitalMarkets 13 0.464 139 2 10 0.831 -0.367
SumitomoMitsuiFinancial 14 0.377 113 1 14 0.478 -0.101
BankofAmericaMerrillLynch 15 0.373 111 4 13 0.518 -0.145
AntaresHoldingsLP 16 0.271 81 3 24 0.066 0.205
JPMorgan 17 0.232 69 2 6 6.495 -6.263
SunTrustRobinsonHumphrey 18 0.068 20 2 26 0.022 0.046
WellsFargo 19 0.059 18 1 12 0.611 -0.552
CreditSuisse 20 0.043 13 2 11 0.716 -0.673
TOTAL 100% 29,930 107 100%
Bloomberg – 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 sold to the public. Full credit is awarded to the sole bookrunning manager or split equally among joint bookrunning managers; unless full, explicit breakdown of bookrunning is provided by an involved party. Regional and local tables are identified based on factors such as currency, market of issuer and/or country of risk/incorporation.
Fixed Income
All transactions must have a maturity/call/put option of minimum 18 months. Make-whole call and provisional call/put are exempted from this rule. 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. Self-led transactions are included. New money portions of exchange offers are eligible for credit.
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.
Equities-Linked
Equity-linked transactions: Convertible bonds, convertible preferred stock and exchangeable bonds. Only issues that mature and are callable/puttable in 12 months or longer are included. Make-whole call, provisional call and provisional put are exempted from this rule. Convertible bonds with attached warrants are included. These are defined as synthetic convertibles with the combination of a fixed income instrument and warrants which can be converted into shares. The embedded warrant can be detachable or non-detachable but the bond and the warrant must be sold as a unit, i.e. there cannot be separate book building for the warrant and the bond.
Exclusions: Redemption-linked instruments, reverse convertibles or similar instruments, synthetics convertibles, issues convertible into participation in an underlying fund or investment trust, pre-IPO convertible instruments, certain lower hierarchy titles, i.e. Jr Bookrunner.
Equities
Equity market transactions: Initial public offerings, additional offerings of common stocks, units, and depositary receipts (ADRs, GDRs, etc) and rights offerings.
Exclusions: Non-underwritten/best efforts, privately placed transactions, funds, self-led, preferred offerings, pre-negotiated offerings, certain lower hierarchy titles, i.e. Jr Bookrunner. Note: Criteria may vary for some local and/or regional tables.
Bloomberg – 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.
Loans
Includes executed syndicated loans transactions. Full credit is awarded to the banks satisfying the highest of the titles. Full credit is awarded to the sole bookrunning manager or split equally among joint bookrunning managers. Credit is allocated to amended or amended and restated transactions, where each modification is 100% at the lender’s option and not as a result of events already built into the original credit agreement. Credit is awarded for the following structural changes only: maturity extensions of three months or more, incremental basis for increased in deal size, reduction in pricing, full release of security.
Exclusions: Bilateral transactions, transactions with a maturity of less than three months, loans withdrawn prior to signing, amended or restated securitizations, receivable and guarantee facilities.
US Municipals
Standard published tables will award deal credit based on true economic credit as reported by the issuer or the bookrunner. In absence of reported economic credit, 100% will be assigned to the bookrunner.
Dollar value of credit will be assigned based on the percentage allocation reported for economic credit (or designated by the user in a custom table) and applied against the total par value of the bonds issued. Zero coupon bonds (CABS) or intermediate appreciation bonds (convertible CABs) will be included at the market value (accreted value) on the interest accrual date.
All debt issued by municipal issuers will be eligible for league credit. Taxable and tax-exempt debt is eligible for league credit unless a table includes specific tax type criteria. “Tax-exempt” is defined as federally tax-exempt and includes bonds subject to AMT and bonds designated as Bank Qualified.
Each table is provided in three formats. “Economic Credit” displays rankings based on true economic credit allocations of applicable deals. “Left Lead” assigns 100% credit to the bookrunner and 0% to all other syndicate participants. “Deal Count” displays rankings based on deal quantity rather than aggregate economic credit amounts. A “deal” refers to the aggregate series within an issuance led by a particular underwriter or syndicate. For example: a $50 million issuance is split into three series- a $10 million Series A, a $20 million Series B, and a $20 million Series C. Bank 1 is the underwriter of Series A & B, while Bank 2 is the underwriter of Series C. Bank 1 would have one “deal” worth $30 million, and Bank 2 would have one “deal” worth $20 million.
Exclusions: Derivatives, private placements, variable rate preferred securities, municipal commercial paper, and remarketings are excluded from municipal league table eligibility.
The full version of Bloomberg’s League table Standards & Guidelines can be accessed and subscribed to on the Reports tab on
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