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Emerging Markets

POWL - Catering to Japanese tastes

Most of Asia's biggest equity issues of late have included POWLs (public offerings without listing), served up solely for retail investors in Japan. These tranches are likely to be included in deals to come, including the Industrial Commercial Bank of China's IPO. But is it becoming an outdated mechanism when Asian liquidity flows are so strong? Richard Morrow reports.

  • 07 Jul 2006
If recent records are anything to go by, the Industrial Commercial Bank of China (ICBC) will rely heavily on Japanese investor interest when it conducts its US$12 billion privatization via an initial public offering (IPO) later this year.
Japanese investors have participated in all of the major Chinese IPOs ...

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Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 Mar 2015
1 HSBC 11,107.88 66 0.00%
2 Citi 10,724.12 47 0.00%
3 Deutsche Bank 8,499.08 44 0.00%
4 JPMorgan 7,453.02 34 0.00%
5 Morgan Stanley 7,025.56 23 0.00%

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%