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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 Jun 2015
1 HSBC 24,568.18 148 10.46%
2 Citi 22,974.87 116 9.79%
3 JPMorgan 17,501.47 78 7.45%
4 Deutsche Bank 16,118.47 87 6.87%
5 Morgan Stanley 14,151.38 61 6.03%

Bookrunners of LatAm Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 Jun 2015
1 Morgan Stanley 6,468.86 16 12.45%
2 Citi 6,194.46 24 11.92%
3 Bank of America Merrill Lynch 5,977.72 22 11.50%
4 HSBC 5,616.35 16 10.81%
5 Deutsche Bank 5,394.16 16 10.38%

Bookrunners of CEEMEA International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 Jun 2015
1 Citi 5,527.25 30 11.45%
2 HSBC 4,238.36 24 8.78%
3 JPMorgan 3,826.40 15 7.93%
4 SG Corporate & Investment Banking 3,308.83 14 6.86%
5 BNP Paribas 2,850.41 14 5.91%

EMEA M&A Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Jun 2015
1 Goldman Sachs 274.16 82 10.39%
2 JPMorgan 237.22 73 8.99%
3 Lazard 172.69 77 6.55%
4 Citi 169.41 53 6.42%
5 Deutsche Bank 150.91 51 5.72%

Bookrunners of Central and Eastern Europe: Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 Jun 2015
1 Mitsubishi UFJ Financial Group 791.69 3 10.45%
2 Bank of America Merrill Lynch 756.72 4 9.98%
3 ING 622.38 6 8.21%
4 SG Corporate & Investment Banking 608.35 6 8.03%
5 UniCredit 591.37 7 7.80%

Bookrunners of India DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jun 2015
1 AXIS Bank 2,901.62 76 14.37%
2 Standard Chartered Bank 2,000.11 29 9.91%
3 Trust Investment Advisors 1,997.19 68 9.89%
4 ICICI Bank 1,622.73 41 8.04%
5 Barclays 1,561.88 23 7.74%