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Emerging Markets

Opinion: China reforms key to HK renminbi bond market

If Beijing is serious about developing Hong Kong’s renminbi bond market, it needs to change convertibility rules and allow corporates to sell paper to swell liquidity and add diversity. It must also issue regularly in the city to help create a benchmark.

  • 09 Sep 2009

China is taking a step towards deepening Hong Kong’s renminbi bond markets with its Rmb6 billion (US$868 million) sovereign debt sale set for the end of this month.

Still, more needs to be done to develop the sector, as much for China as for Hong Kong.

The move is ...

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Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 16,961.93 95 11.21%
2 Citi 13,985.93 70 9.24%
3 Deutsche Bank 11,697.06 60 7.73%
4 Morgan Stanley 10,719.20 41 7.08%
5 Bank of America Merrill Lynch 9,738.55 45 6.44%

Bookrunners of LatAm Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Apr 2015
1 Morgan Stanley 5,282.86 11 15.60%
2 HSBC 4,667.97 12 13.79%
3 Deutsche Bank 3,569.22 9 10.54%
4 Bank of America Merrill Lynch 3,286.42 8 9.71%
5 Citi 3,273.75 11 9.67%

Bookrunners of CEEMEA International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Apr 2015
1 Citi 4,282.26 22 6.14%
2 SG Corporate & Investment Banking 2,969.53 10 4.26%
3 HSBC 2,894.36 14 4.15%
4 JPMorgan 2,429.19 10 3.48%
5 Barclays 2,414.37 8 3.46%

EMEA M&A Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Apr 2015
1 Goldman Sachs 182.98 55 11.31%
2 Lazard 121.92 49 7.54%
3 JPMorgan 110.15 35 6.81%
4 Bank of America Merrill Lynch 110.04 39 6.80%
5 Citi 105.89 38 6.55%

Bookrunners of Central and Eastern Europe: Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Apr 2015
1 BNP Paribas 330.67 2 9.81%
2 Deutsche Bank 242.09 2 7.18%
3 SG Corporate & Investment Banking 236.04 3 7.00%
4 Natixis 198.92 2 5.90%
4 ING 198.92 2 5.90%

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%