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Emerging Markets

Thomas Cook flop shows Islamic finance limitations

The UK’s Thomas Cook Group has failed in its attempt to issue what would have been the first Islamic bond for a European company. The deal itself had big problems including an unknown bookrunner managing it and stormy markets to contend with. But the sukuk’s collapse also raises questions over the depth of the Islamic finance market and how open it is to non-local issuers.

  • 13 Jul 2010

The European follow-up to the first sukuk issue by a US company — a $500m Islamic bond successfully sold by GE Capital last November — has turned out to be a resounding flop.

UK travel firm Thomas Cook’s attempt to bring out the first ever sukuk by a ...

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Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 03 Aug 2015
1 Citi 27,874.25 134 10.57%
2 HSBC 26,426.24 170 10.02%
3 JPMorgan 20,920.70 88 7.93%
4 Deutsche Bank 18,979.38 104 7.19%
5 Bank of America Merrill Lynch 15,909.71 83 6.03%

Bookrunners of LatAm Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Jul 2015
1 Citi 6,750.56 27 12.07%
2 Morgan Stanley 6,733.29 17 12.04%
3 HSBC 6,419.61 18 11.48%
4 Bank of America Merrill Lynch 6,179.02 24 11.05%
5 Deutsche Bank 5,544.16 17 9.91%

Bookrunners of CEEMEA International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 8,557.20 33 7.36%
2 JPMorgan 7,100.31 20 6.10%
3 HSBC 4,238.36 24 3.64%
4 Deutsche Bank 3,742.42 19 3.22%
5 Barclays 3,728.08 12 3.21%

EMEA M&A Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 03 Aug 2015
1 Goldman Sachs 371.76 102 11.16%
2 JPMorgan 278.83 98 8.37%
3 Rothschild 242.67 156 7.29%
4 Lazard 225.96 100 6.78%
5 Citi 200.37 69 6.02%

Bookrunners of Central and Eastern Europe: Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Jul 2015
1 Mitsubishi UFJ Financial Group 884.03 4 8.60%
2 Bank of America Merrill Lynch 870.27 6 8.47%
3 UniCredit 747.22 9 7.27%
4 ING 725.20 8 7.06%
5 SG Corporate & Investment Banking 636.58 7 6.20%

Bookrunners of India DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Jul 2015
1 AXIS Bank 3,001.58 83 12.43%
2 Standard Chartered Bank 2,858.61 37 11.84%
3 Trust Investment Advisors 2,182.50 86 9.04%
4 Barclays 2,032.95 32 8.42%
5 ICICI Bank 1,801.65 46 7.46%