Top stories


  • Naspers plans bond as shine comes off African debt

    South Africa-based media group Naspers is looking to add to what has been the busiest month for African issuance since July 2014 but an oil-related sell-off this week suggests that the company may have missed the golden window.

    • 22 Jun 2017
  • A more discerning buy-side questions Isbank risk

    Isbank opened books on Thursday for the 10th deal from a Turkish financial this year, offering a higher than usual new issue premium in the process to account for softer market conditions. While the deal is expected to be well absorbed, for some on the buyside, the risks of an Isbank tier two are too much.

    • 22 Jun 2017
  • Foreign buyers take one fifth of Chile peso deal

    Chile re-opened its domestic 2021s and 2035s on Wednesday as it looks to attract more international investors into its peso-denominated bonds.

    • 22 Jun 2017
  • Venezuela bonds tumbling amid oil sell-off

    Even after weeks of political crisis, protests across the country, the government’s desperate scrambling for cash and a default on a loan from Russia, Venezuelan bond prices remain principally driven by oil prices.

    • 19 Jun 2017
  • Sibanye Gold glitters in bond markets

    South Africa’s Sibanye Gold attracted more than $2bn of demand for a debut dual-tranche Eurobond on Tuesday.

    • 21 Jun 2017
  • Etisalat Nigeria close to agreement with lenders

    Etisalat Nigeria is in the “advanced stage” of its negotiations with 13 local banks over the restructuring of a $1.2bn loan taken out in 2013, according to the company.

    • 19 Jun 2017
  • Nigeria casts wide net with diaspora bond

    Nigeria is offering around a 30bp premium at price talk for its first diaspora bond as deal watchers asked whether it will really be able to attract $300m of retail investment.

    • 19 Jun 2017
  • Nigerian banks attempt Etisalat Nigeria takeover after failed restructuring

    Etisalat has been given until Friday to transfer all its shares in Etisalat Nigeria to a syndicate of 13 Nigerian banks, after talks on restructuring a $1.2bn loan from 2013 fell through.

    • 21 Jun 2017
  • Nigeria's diaspora bond prices inside IPTs, then widens

    Nigeria priced sub-Saharan Africa’s first diaspora bond comfortably inside initial indications on Tuesday after two days of bookbuilding. However, the bonds, which were printed at 5.625%, had widened to nearly 6% by midday Tuesday and have stayed around that level.

    • 21 Jun 2017
  • Yapi Kredi brings juicy seven year as GDP ticks up

    Yapi Kredi hit screens on Wednesday with a new seven year note and will be hoping to capitalise on more positive economic indicators from Turkey, while offering some juice to overcome any investor fatigue around buying Turkish bank debt, according to a buy-side analyst.

    • 14 Jun 2017
  • Vimpelcom prices $1.5bn to fund identity transition

    Vimpelcom raised $1.5bn at its holding company level on Tuesday, as it looks to complete its transition into a more streamlined, western-looking borrowing entity. Though it appears to be looking to shake off its Russian associations, investors say the risk is still the same.

    • 14 Jun 2017
  • Dominican Republic, Arcor jump on rally

    Two high yield borrowers made it six Latin America new issues for the week as both the Dominican Republic and Argentine confectionary maker Arcor tap existing bonds at record yields.

    • 14 Jun 2017


The GlobalCapital View logo   Comment




  • Venezuelan bonds: a moral minefield

    No matter how you choose to invest in Venezuela, you run into questions of morality. There may be no perfect way to buy Venezuelan bonds, but there is certainly a dubious way.

    • 13 Jun 2017

more comment

Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Jun 2017
1 Citi 36,668.36 165 10.43%
2 HSBC 31,838.45 182 9.06%
3 JPMorgan 31,444.81 139 8.95%
4 Deutsche Bank 18,845.99 69 5.36%
5 Standard Chartered Bank 17,768.35 110 5.06%

Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Jun 2017
1 Citi 36,668.36 165 10.43%
2 HSBC 31,838.45 182 9.06%
3 JPMorgan 31,444.81 139 8.95%
4 Deutsche Bank 18,845.99 69 5.36%
5 Standard Chartered Bank 17,768.35 110 5.06%

Bookrunners of LatAm Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Jun 2017
1 Citi 13,266.57 31
2 JPMorgan 7,938.35 30
3 HSBC 7,559.34 19
4 Morgan Stanley 5,392.54 19
5 Bank of America Merrill Lynch 5,191.33 22

Bookrunners of CEEMEA International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Jun 2017
1 JPMorgan 14,378.88 55 12.76%
2 Citi 13,699.88 48 12.16%
3 HSBC 9,441.88 45 8.38%
4 Deutsche Bank 7,434.85 17 6.60%
5 Standard Chartered Bank 6,792.43 31 6.03%

EMEA M&A Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 May 2016
1 JPMorgan 195.08 50 10.55%
2 Goldman Sachs 162.26 37 8.77%
3 Morgan Stanley 141.22 46 7.64%
4 Bank of America Merrill Lynch 114.20 33 6.18%
5 Citi 95.36 35 5.16%

Bookrunners of Central and Eastern Europe: Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Jun 2017
1 ING 1,482.62 12 8.58%
2 UniCredit 1,246.63 9 7.22%
3 SG Corporate & Investment Banking 1,207.51 11 6.99%
4 Bank of America Merrill Lynch 1,086.95 7 6.29%
5 Credit Suisse 841.27 6 4.87%

Bookrunners of India DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Jun 2017
1 AXIS Bank 6,919.22 92 22.57%
2 Trust Investment Advisors 3,586.50 92 11.70%
3 ICICI Bank 2,587.59 71 8.44%
4 Standard Chartered Bank 2,419.40 26 7.89%
5 HDFC Bank 1,917.34 52 6.26%