Barclays is on course to break JP Morgan’s six-quarter stranglehold on the global debt capital markets league table and claim the top bookrunner spot in the first quarter of 2014.

Data from investment banking research provider Dealogic shows that JP Morgan has consistently topped the bookrunner rankings every quarter since the second quarter of 2012. In that quarter, it was eclipsed by Barclays, and a similar outcome is on the cards for the first three months of this year.