Petrobras pummels EM record as book hits $43bn

Petrobras’ $11bn deal this week smashed the record for the largest emerging market bond by $2.8bn. That was impressive enough, but the book of $43bn left bankers certain it could have pushed the boundaries even further, writes Olly West.

  • 17 May 2013

EM professionals saw the ease with which the market absorbed the Brazilian oil company’s bond as evidence of the maturity of the asset class.

"A couple of years ago there were a couple of super big deals in the market like Qatar. Everyone was blown away when they happened," ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 21,277.96 97 7.01%
2 Citi 20,694.65 93 6.81%
3 Bank of America Merrill Lynch 19,784.38 95 6.51%
4 Deutsche Bank 18,880.67 72 6.22%
5 Goldman Sachs 14,457.22 61 4.76%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Feb 2017
1 BNP Paribas 5,411.83 21 11.84%
2 Deutsche Bank 4,560.65 12 9.98%
3 Citi 2,650.33 16 5.80%
4 Credit Agricole CIB 2,636.94 11 5.77%
5 Barclays 2,445.52 14 5.35%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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  • 21 Feb 2017
1 Credit Suisse 1,052.39 15 9.44%
2 Deutsche Bank 975.14 10 8.75%
3 Bank of America Merrill Lynch 875.05 8 7.85%
4 Citi 847.97 7 7.61%
5 HSBC 818.64 12 7.34%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 6,099.63 42 11.81%
2 Bank of America Merrill Lynch 4,791.11 40 9.27%
3 Citi 4,265.52 27 8.26%
4 Credit Suisse 3,749.81 25 7.26%
5 Goldman Sachs 3,327.02 25 6.44%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Feb 2017
1 BNP Paribas 4,850.62 22 8.14%
2 Deutsche Bank 4,604.83 14 7.73%
3 Citi 3,901.74 19 6.55%
4 Credit Suisse 3,324.36 14 5.58%
5 JPMorgan 2,951.33 13 4.95%