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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
  • 30 Mar 2015
1 HSBC 12,718.85 76 11.44%
2 Citi 11,746.35 53 10.57%
3 Deutsche Bank 9,192.76 48 8.27%
4 JPMorgan 8,497.44 40 7.65%
5 Morgan Stanley 7,414.85 25 6.67%

Bookrunners of LatAm Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Mar 2015
1 Morgan Stanley 4,326.06 7 17.12%
2 HSBC 3,368.53 9 13.33%
3 Citi 3,071.07 9 12.16%
4 Bank of America Merrill Lynch 2,890.46 7 11.44%
5 Deutsche Bank 2,632.47 6 10.42%

Bookrunners of CEEMEA International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Mar 2015
1 Citi 3,133.29 14 12.68%
2 SG Corporate & Investment Banking 2,612.49 7 10.57%
3 JPMorgan 1,819.91 6 7.36%
4 BNP Paribas 1,773.31 6 7.18%
5 Deutsche Bank 1,715.78 11 6.94%

EMEA M&A Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 Mar 2015
1 Goldman Sachs 242.84 37 0.00%
2 Lazard 197.04 33 0.00%
3 Bank of America Merrill Lynch 180.79 29 0.00%
4 Deutsche Bank 139.88 25 0.00%
5 Citi 137.67 28 0.00%

Bookrunners of Central and Eastern Europe: Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Mar 2015
1 BNP Paribas 330.67 2 39.59%
2 Deutsche Bank 175.67 1 21.03%
2 CIMB Group 175.67 1 21.03%
4 Intesa Sanpaolo SpA 58.79 2 7.04%
5 UniCredit 57.41 1 6.87%

Bookrunners of India DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Mar 2015
1 AXIS Bank 1,222.35 24 0.00%
2 Standard Chartered Bank 715.99 13 0.00%
3 ICICI Bank 697.84 16 0.00%
4 Barclays 645.38 10 0.00%
5 Trust Investment Advisors 630.41 24 0.00%