Samurai credit spreads return to pre-Lehman lows

Japan’s asset purchasing has helped drive investors to the Samurai market, leading credit spreads to narrow to their lowest level since the onset of the financial crisis in 2008.

  • 03 Sep 2013
Samurai credit spreads have fallen to their lowest level since the Lehman Brothers’ collapse in 2008 as the Bank of Japan’s aggressive asset purchasing has driven yield-hungry investors to seek out alternatives to Japanese government bonds (JGBs). This has created a favourable funding window for issuers ...

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Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 Citi 43,164.35 194 10.13%
2 HSBC 40,229.97 226 9.44%
3 JPMorgan 36,402.14 159 8.54%
4 Deutsche Bank 21,224.19 81 4.98%
5 Standard Chartered Bank 20,072.21 135 4.71%

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Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 14,293.97 34 16.58%
2 HSBC 10,846.35 25 12.58%
3 JPMorgan 10,355.07 35 12.01%
4 Bank of America Merrill Lynch 7,392.21 26 8.57%
5 Santander 5,929.79 24 6.88%

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Rank Lead Manager Amount $m No of issues Share %
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  • 25 Jul 2017
1 JPMorgan 16,133.76 64 12.15%
2 Citi 15,819.65 58 11.91%
3 HSBC 10,505.54 51 7.91%
4 Deutsche Bank 7,951.29 20 5.99%
5 BNP Paribas 7,584.94 21 5.71%

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1 JPMorgan 195.08 50 10.55%
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5 Citi 95.36 35 5.16%

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1 ING 2,337.91 18 10.19%
2 SG Corporate & Investment Banking 1,801.68 15 7.85%
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4 Commerzbank Group 1,172.97 10 5.11%
5 Bank of America Merrill Lynch 1,155.31 8 5.04%

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1 AXIS Bank 8,338.45 114 22.20%
2 Trust Investment Advisors 3,828.00 101 10.19%
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4 Standard Chartered Bank 2,702.28 30 7.19%
5 HDFC Bank 2,114.13 58 5.63%