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Emerging Markets

Opinion: Offshore renminbi bond mart maturing

The fledging offshore renminbi bond market has hit a purple patch. With relative unknown issuers pricing in very tight deals and innovation coming with every trade, it’s an exciting time to be involved. But the fervour in the market also raises questions about sustainability.

  • 16 Dec 2010

The offshore renminbi bond market has enjoyed a transformative few weeks. Since July, the market has evolved steadily in size, reach and diversity, but it has really been in December the leap towards maturity was made.

When an unrated issuer whose only rated affiliate is ranked single B can ...

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Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Sep 2014
1 HSBC 42,645.42 291 10.49%
2 Citi 41,276.94 205 10.15%
3 JPMorgan 35,520.15 157 8.73%
4 Deutsche Bank 31,244.77 156 7.68%
5 Bank of America Merrill Lynch 22,933.77 126 5.64%

Bookrunners of LatAm Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Sep 2014
1 Citi 11,621.17 51 5.39%
2 HSBC 11,252.06 44 5.22%
3 JPMorgan 10,330.45 35 4.79%
4 Bank of America Merrill Lynch 10,188.58 40 4.72%
5 Deutsche Bank 9,109.83 32 4.22%

Bookrunners of CEEMEA International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Sep 2014
1 Citi 13,351.50 53 6.37%
2 JPMorgan 11,667.11 34 5.56%
3 Deutsche Bank 8,823.24 36 4.21%
4 Barclays 8,493.93 25 4.05%
5 HSBC 8,286.40 37 3.95%

EMEA M&A Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Sep 2014
1 JPMorgan 547.16 93 0.00%
2 Goldman Sachs 511.86 103 0.00%
3 Bank of America Merrill Lynch 412.37 73 0.00%
4 Lazard 406.69 117 0.00%
5 Deutsche Bank 399.34 85 0.00%

Bookrunners of Central and Eastern Europe: Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Sep 2014
1 RBS 1,692.14 6 8.44%
2 ING 1,544.39 17 7.70%
3 Deutsche Bank 1,486.20 11 7.41%
4 UniCredit 1,482.50 12 7.39%
5 SG Corporate & Investment Banking 1,351.32 10 6.74%

Bookrunners of India DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 01 Oct 2014
1 Standard Chartered Bank 3,326.30 30 0.00%
2 AXIS Bank 2,810.70 72 0.00%
3 Deutsche Bank 2,298.93 32 0.00%
4 HSBC 2,254.92 24 0.00%
5 ICICI Bank 1,961.12 48 0.00%