Desperate Venezuela defaults to Russia amid bond fire sale

Venezuela and state oil and gas firm PDVSA bonds tumbled this week as the government missed a payment on a loan to Russia, continued to seek new funds at what one analyst called “loan shark” rates, and was dealt a further blow as oil prices slumped.

  • By Oliver West
  • 08 Jun 2017

One trader said bonds fell anywhere from 2.5 to seven points across the curve on Wednesday and Thursday as a perfect storm of events hit Venezuela.

It emerged this week that Russia’s Audit Committee’s review of changes to the 2017 budget showed that Venezuela had failed to honour ...

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Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 45,246.26 208 10.05%
2 HSBC 42,646.64 242 9.48%
3 JPMorgan 38,525.88 175 8.56%
4 Deutsche Bank 23,106.03 91 5.13%
5 Standard Chartered Bank 21,042.29 146 4.68%

Bookrunners of LatAm Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 14,490.99 35 15.51%
2 HSBC 12,184.33 28 13.04%
3 JPMorgan 11,461.94 38 12.26%
4 Bank of America Merrill Lynch 9,002.62 30 9.63%
5 Morgan Stanley 6,121.99 23 6.55%

Bookrunners of CEEMEA International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 16,344.60 66 12.26%
2 Citi 16,152.98 59 12.12%
3 HSBC 10,207.12 52 7.66%
4 Deutsche Bank 8,468.11 22 6.35%
5 BNP Paribas 7,684.94 22 5.77%

EMEA M&A Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 May 2016
1 JPMorgan 195.08 50 10.55%
2 Goldman Sachs 162.26 37 8.77%
3 Morgan Stanley 141.22 46 7.64%
4 Bank of America Merrill Lynch 114.20 33 6.18%
5 Citi 95.36 35 5.16%

Bookrunners of Central and Eastern Europe: Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 ING 2,367.70 19 9.19%
2 SG Corporate & Investment Banking 2,039.65 17 7.92%
3 Sumitomo Mitsui Financial Group 1,965.88 6 7.63%
4 UniCredit 1,759.22 13 6.83%
5 Commerzbank Group 1,202.77 11 4.67%

Bookrunners of India DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Aug 2017
1 AXIS Bank 9,651.95 136 21.72%
2 ICICI Bank 4,323.81 111 9.73%
3 Trust Investment Advisors 4,252.69 112 9.57%
4 Standard Chartered Bank 3,379.47 35 7.60%
5 HDFC Bank 2,210.92 60 4.97%