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Emerging Markets

Opinion: Block trade bonanza or bubble fit to burst?

Corporate shareholders are slashing their holdings in other companies via block trades and secondary equity offerings. Such sales would normally be telling signs of a bull market reaching its peak, but there's a lot of money still seeking a home in the region, writes Chris Wright.

  • 18 Nov 2010

An old adage from investment bankers who’ve been around a while is that when big shareholders start cashing out of company stakes via block trades it’s time to head for the exits.

And the block trades have been piling up for months now.

It started with a slew of ...

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Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 17,993.70 103 11.05%
2 Citi 14,689.24 74 9.02%
3 Deutsche Bank 11,929.51 62 7.33%
4 Morgan Stanley 11,149.78 43 6.85%
5 JPMorgan 10,941.95 50 6.72%

Bookrunners of LatAm Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Apr 2015
1 Morgan Stanley 5,282.86 11 14.62%
2 HSBC 4,667.97 12 12.92%
3 Bank of America Merrill Lynch 4,174.00 10 11.55%
4 Deutsche Bank 3,569.22 9 9.88%
5 Citi 3,398.68 12 9.41%

Bookrunners of CEEMEA International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Apr 2015
1 Citi 4,600.15 25 12.06%
2 HSBC 3,229.90 16 8.47%
3 SG Corporate & Investment Banking 2,969.53 10 7.79%
4 BNP Paribas 2,440.96 11 6.40%
5 JPMorgan 2,429.19 10 6.37%

EMEA M&A Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Apr 2015
1 Goldman Sachs 188.06 58 11.10%
2 Lazard 122.43 50 7.23%
3 JPMorgan 119.75 37 7.07%
4 Bank of America Merrill Lynch 112.57 42 6.64%
5 Citi 111.38 40 6.57%

Bookrunners of Central and Eastern Europe: Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Apr 2015
1 ING 363.53 4 7.91%
2 SG Corporate & Investment Banking 349.50 4 7.60%
3 BNP Paribas 330.67 2 7.19%
4 UniCredit 288.44 4 6.27%
5 Deutsche Bank 242.09 2 5.27%

Bookrunners of India DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 15 Apr 2015
1 AXIS Bank 1,988.55 43 5.30%
2 Trust Investment Advisors 1,393.56 39 3.72%
3 ICICI Bank 1,173.87 27 3.13%
4 Barclays 1,059.44 17 2.82%
5 Standard Chartered Bank 715.99 13 1.91%