• Yapi Kredi’s investor amity cannot be assumed in EM

    Yapi Kredi chose to cancel a deal before settlement last week, following the attempt coup in Turkey, and a four point drop in the bond's price. The decision was wise and investor friendly, but it's not a new precedent in emerging markets.

    • 26 Jul 2016
  • The madness of operational risk

    Bank operational risk is a perfect example of how good intentions can lead to strange conclusions. Commerzbank on Tuesday showed just how bizarre the rules have become.

    • 26 Jul 2016
  • GSE recap advocates should prepare for long game

    Increased lobbying efforts to encourage the recapitalisation of government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac in the near future are likely to be futile given the political environment in the US.

    • 26 Jul 2016
  • Misnamed social impact bonds need retail cash

    Inaccurately named and providing only debatable value, the pay-for-success social impact bonds (SIBs) are not the panacea some hoped they might be.

    • 26 Jul 2016
  • FCA doesn’t need to be split. It needs more resources

    The Treasury Select Committee’s judgement that the supervisory and enforcement roles of the UK’s Financial Conduct Authority should be split is flawed. The FCA doesn’t need to be balkanised, it needs to be given more resources to do its job.

    • 26 Jul 2016
  • The periphery’s Brexit blues have vanished

    The immediate post-Brexit result landscape looked like a daunting one for eurozone periphery issuers. But just under a month later, one could argue they have never had it so good.

    • 21 Jul 2016
  • Even the Chinese find China bonds confusing

    The Brics New Development Bank (NDB) executed a landmark trade on July 18, making its capital markets debut with a Rmb3bn ($450m) bond in China. But when even the authorities have trouble knowing whether to classifying it as green or Panda debt, it is clear the need for unambiguous and official bond regulation is long overdue.

    • 21 Jul 2016
  • Indian IPOs: in demand if you’re disciplined

    India’s IPO market has been on a high recently as investors seek out new and interesting homes into which to park their money, and companies look to take advantage of the growing liquidity. The window for new deals is wide open but if issuers want to succeed, a pragmatic approach to valuations is needed.

    • 21 Jul 2016
  • Negative yielding covered bonds come of age

    The floodgates to negative yielding covered bonds have taken four months to properly open, but with two such deals seen in less than a week, many should now follow.

    • 19 Jul 2016
  • When ordinary information turns dangerous

    Rules to stop insider trading are well intentioned, but can stop markets functioning properly by making the ordinary exchange of views, gossip, colour and rumour dangerous. Reacting to information is exactly what markets are about.

    • 19 Jul 2016

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Jul 2016
1 JPMorgan 224,809.92 893 8.72%
2 Citi 198,357.42 701 7.70%
3 Barclays 185,152.03 584 7.18%
4 Bank of America Merrill Lynch 179,762.77 612 6.97%
5 HSBC 161,839.60 645 6.28%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Jul 2016
1 UniCredit 18,078.81 87 6.37%
2 HSBC 16,282.66 75 5.74%
3 SG Corporate & Investment Banking 14,434.20 68 5.08%
4 Barclays 14,301.22 27 5.04%
5 ING 13,320.97 84 4.69%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Jul 2016
1 JPMorgan 9,517.56 52 9.58%
2 Goldman Sachs 8,816.07 50 8.87%
3 Citi 6,871.31 35 6.91%
4 Morgan Stanley 6,449.82 34 6.49%
5 UBS 6,126.84 31 6.16%