Global Ports launches with discount to Sberbank sale

Global Ports Investments, the Russian firm seeking a $524m-$574m London IPO, is offering shares at a cheaper price than that paid by company’s owners when buying back a 10% stake from Sberbank a few weeks ago. That deal was in itself seen as cheap, coming at around a 20% discount to the mid-point of analyst research — and the range offers up to a further 8% discount.

  • 16 Jun 2011

“There aren’t any holes in this deal – in the asset or the price,” said one observer. “If this doesn’t work then London really is closed.”

Sberbank sold a 10% stake in Global Ports to the owner of the rest of the company, Transportation Investments Holding (N-Trans), for around ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Mar 2017
1 JPMorgan 94,925.33 384 8.39%
2 Citi 87,531.58 331 7.74%
3 Bank of America Merrill Lynch 84,341.49 288 7.46%
4 Barclays 75,288.19 241 6.66%
5 Goldman Sachs 68,504.71 208 6.06%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 May 2017
1 Deutsche Bank 19,381.65 47 8.82%
2 Bank of America Merrill Lynch 18,968.25 36 8.63%
3 HSBC 18,103.95 50 8.24%
4 BNP Paribas 8,911.57 55 4.05%
5 SG Corporate & Investment Banking 8,885.00 54 4.04%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 May 2017
1 JPMorgan 8,714.26 35 8.36%
2 UBS 8,283.47 33 7.95%
3 Goldman Sachs 7,736.57 37 7.42%
4 Citi 6,897.11 46 6.62%
5 Bank of America Merrill Lynch 6,215.31 24 5.96%