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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
  • 19 Jan 2015
1 HSBC 4,198.69 11 6.88%
2 Citi 3,982.07 8 6.52%
3 Morgan Stanley 3,248.77 4 5.32%
4 Standard Chartered Bank 2,315.57 8 3.79%
5 Credit Suisse 1,755.16 3 2.87%

Bookrunners of LatAm Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Jan 2015
1 Morgan Stanley 2,827.85 2 0.00%
2 Citi 1,625.88 2 0.00%
3 HSBC 1,493.60 1 0.00%
3 BBVA 1,493.60 1 0.00%
5 Credit Suisse 1,334.25 1 0.00%

Bookrunners of CEEMEA International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Jan 2015
1 SG Corporate & Investment Banking 587.55 1 0.00%
1 KBC 587.55 1 0.00%
1 Erste Group Bank AG 587.55 1 0.00%
4 Barclays 577.34 2 0.00%
5 JPMorgan 494.29 1 0.00%

EMEA M&A Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Jan 2015
1 Goldman Sachs 33.74 5 17.05%
2 Deutsche Bank 28.97 4 14.64%
3 Lazard 16.98 4 8.58%
4 Citi 15.83 6 8.00%
5 Morgan Stanley 12.91 4 6.52%

Bookrunners of Central and Eastern Europe: Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Jan 2015
1 ING 2,996.71 25 10.88%
2 SG Corporate & Investment Banking 2,576.73 14 9.36%
3 UniCredit 2,488.10 19 9.04%
4 Citi 1,842.43 15 6.69%
5 Deutsche Bank 1,781.62 12 6.47%

Bookrunners of India DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Jan 2015
1 Kotak Mahindra Bank Ltd 6.43 1 0.00%
1 Kotak Mahindra Bank Ltd 6.43 1 50.00%
Subtotal 6.43 1 0.00%
Total 12.87 1 0.00%