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Emerging Markets

Cash-rich corporates set to expand, says Moody’s

Asian corporates are keen to expand their businesses either through internal investment or M&A. However, the majority of free cash is concentrated among the top 15 names in the region, say Moody’s.

  • 18 Nov 2010

Non-financial corporates in Asia have increased their cash balance sheets by a huge 60% since the end of 2008, according to Moody’s research. The ratings agency believes the burgeoning stockpiles are less a reaction to the global credit conditions and more to support acquisitions and overall growth.

Total cash—comprising ...

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Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 08 Sep 2014
1 HSBC 40,311.59 265 0.00%
2 Citi 37,235.20 180 0.00%
3 JPMorgan 32,545.55 138 0.00%
4 Deutsche Bank 28,971.53 142 0.00%
5 Bank of America Merrill Lynch 20,613.50 114 0.00%

Bookrunners of LatAm Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 09 Sep 2014
1 HSBC 10,927.27 42 11.10%
2 Citi 9,001.13 41 9.14%
3 JPMorgan 8,893.84 31 9.04%
4 Deutsche Bank 8,709.83 31 8.85%
5 Bank of America Merrill Lynch 8,106.06 32 8.24%

Bookrunners of CEEMEA International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 09 Sep 2014
1 Citi 12,637.62 46 0.00%
2 JPMorgan 11,127.22 30 0.00%
3 Barclays 7,913.99 22 0.00%
4 Deutsche Bank 7,887.28 30 0.00%
5 HSBC 7,863.75 33 0.00%

EMEA M&A Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 08 Sep 2014
1 Goldman Sachs 282.75 94 8.11%
2 JPMorgan 278.50 87 7.99%
3 Bank of America Merrill Lynch 206.63 68 5.93%
4 Deutsche Bank 206.31 78 5.92%
5 Lazard 204.40 110 5.86%

Bookrunners of Central and Eastern Europe: Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 09 Sep 2014
1 RBS 1,438.44 4 8.89%
2 ING 1,419.19 15 8.77%
3 Deutsche Bank 1,361.01 9 8.41%
4 UniCredit 1,307.83 10 8.08%
5 SG Corporate & Investment Banking 1,174.66 9 7.26%

Bookrunners of India DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 10 Sep 2014
1 Standard Chartered Bank 3,147.01 26 0.00%
2 AXIS Bank 2,620.23 64 0.00%
3 Deutsche Bank 2,079.69 28 0.00%
4 HSBC 1,793.57 17 0.00%
5 Citi 1,514.67 10 0.00%