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  • Brazil back in the game as Petrobras finally files

    Bond bankers covering Brazil said that timing was right for the sovereign to issue and reopen the country’s debt markets after Petrobras averted the immediate threat of a covenant breach by releasing audited results for 2014 on Wednesday night, writes Oliver West.

    • 23 Apr 2015
  • You can check out but you can never leave: EFSF €3bn a Hotel California deal

    Although oversubscribed, the first €3bn syndication from a public sector borrower since the European Central Bank began buying in the sector — a 0.2% April 2025 issue for the European Financial Stability Facility — has left bankers fretting over crowded-out investors deserting SSA debt in the single currency, writes Tessa Wilkie.

    • 23 Apr 2015
  • Russians return as Uralkali makes loan breakthrough

    Russia’s first international loan this year, signed by Uralkali this week, signals a momentous shift in attitude among foreign banks towards the country and provides a benchmark for the rash of borrowers that is likely to follow, writes Dan Alderson.

    • 23 Apr 2015
  • Negative Euribor pulls floor from under FRNs

    Floating rate MTN issuers in Europe are preparing to go through the looking glass, as three month Euribor goes negative for the first time, slowing the market for euro issuance and threatening to put some borrowers in a uniquely frightening position, writes Jonathan Breen.

    • 23 Apr 2015
  • First time high yield borrowers are hard to find — here’s why

    Quantitative easing is having a marked effect on Europe's high yield market, most bankers and investors agreed. But far from enabling new companies to access the capital markets, it is mainly benefiting established issuers by giving them cheaper interest rates.

    • 21 Apr 2015
  • Akbank readies debut Turkish covered bond

    Turkish banks finally look set to become part of the covered bond market this year as Akbank lines up its first euro-denominated benchmark.

    • 23 Apr 2015
  • Sinopec comes of age with $6.4bn record

    This week's record-breaking dual currency bond from China Petroleum & Chemical Corporation (Sinopec) showed just how far Chinese issuers have come in the international bond market over the past few years. Sinopec managed to print an impressive $6.4bn and by doing so elevated its status to one of the elite borrowers in the region, writes Rev Hui.

    • 23 Apr 2015

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  • I need a hero! EFSF rides to the rescue in euros

    The European Financial Stability Facility may not have to print oversubscribed benchmarks just to show that the eurozone isn’t falling apart any more, but it still has to step up on occasion.

    • 23 Apr 2015
  • One Uralkali could make a Russian spring

    It is a stock phrase among bankers that no single deal can reopen the Russian loan market. One or two swallows would not make a summer. But Uralkali’s return with a transaction this week must raise the hopes of the country’s other borrowers.

    • 21 Apr 2015
  • Josephine Witt’s right: The ECB rules us all

    Financial markets had a good laugh when the ECB press conference was interrupted by protester Josephine Witt dumping confetti on Mario Draghi. This turned to puzzlement when she released what appeared to be a poem, describing herself as a butterfly. But she has a point.

    • 21 Apr 2015

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Apr 2015
1 JPMorgan 110,653.09 398 8.38%
2 Barclays 105,441.39 326 7.98%
3 Citi 100,383.91 365 7.60%
4 Bank of America Merrill Lynch 86,983.19 331 6.58%
5 Deutsche Bank 85,937.41 354 6.51%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Apr 2015
1 JPMorgan 17,869.11 26 9.73%
2 Deutsche Bank 11,561.37 37 6.29%
3 RBS 10,230.03 31 5.57%
4 Credit Agricole CIB 9,440.04 40 5.14%
5 HSBC 8,799.35 44 4.79%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Apr 2015
1 UBS 11,209.34 28 12.05%
2 Goldman Sachs 10,179.61 28 10.94%
3 Bank of America Merrill Lynch 10,151.87 37 10.91%
4 Morgan Stanley 7,548.04 35 8.11%
5 Deutsche Bank 6,805.54 27 7.31%