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  • More pain expected as global investors slash exposure to EM bonds

    Global investors in November slashed their exposure to emerging market bonds at a rate not seen since the taper tantrum, according to the Institute of International Finance, and more pain is expected as the market continues to adjust to a period of uncertainty in both US Treasury yields and US policy.

    • 01 Dec 2016

  • Egyptian loans press on despite currency woes

    Though Egypt is reeling from the central bank’s action to float its currency last month two Egyptian borrowers are in the market for hard currency loans this week, but unsecured corporate loans will be slower to come, said bankers.

    • 01 Dec 2016
  • Honesty is the way forward for PDVSA and Venezuela

    PDVSA is doing itself no favours by bending the truth about its financial situation. Bondholders are under no illusions about its troubles, so the company might as well be open with them.

    • 01 Dec 2016
  • Elektra to prepay debt as Lat Am drought extends

    Latin American issuers again showed no interest in cross-border new issue markets this week as Mexican retailer and financial services company Grupo Elektra said it would use domestic bonds to prepay dollar bonds.

    • 01 Dec 2016
  • Suzano brings green bonds to Brazilian market

    Pulp and paper producer Suzano has sold its second green bond and the first in Brazil’s domestic markets.

    • 01 Dec 2016
  • South Africa faces another day of ratings jitters ahead of S&P decision

    Holders of South African assets face another nervous Friday waiting for a sovereign rating decision, this time from S&P.

    • 01 Dec 2016
  • Turkish bank loans trade wide on FX worries, syndicates to shrink

    The latest loan refinancings for Garanti and QNB Finansbank were trading at a higher level than previous newly issued Turkish bank loans this week, showing how concerns about the weakening lira have driven up pricing. Meanwhile smaller syndicates for Turkish bank loans will be the new normal, according to Garanti's head of financial institutions.

    • 01 Dec 2016
  • OPEC decision underwhelms EM watchers

    EM bankers and investors were on Thursday underwhelmed by the Organisation of the Petroleum Exporting Countries' (OPEC) agreement to cut oil production for the first time in nearly eight years. But they said it was a positive that the price of Brent crude oil had seemingly found a floor.

    • 01 Dec 2016
  • Garanti shrunken syndicate sets tone for Turkey FIs

    Garanti saw the syndicate for its latest one year loan shrink by five lenders. Other Turkish banks will have to take note as smaller lending groups are set to become a feature of their borrowing, according to the head of financial institutions at the bank.

    • 01 Dec 2016
  • Sibur launches bond buy-back

    Russian gas processing and petrochemicals company Sibur is offering to buy back for cash some of its dollar bonds maturing January 2018, the company announced on Thursday.

    • 01 Dec 2016
  • IIF: Investor flight from EM at levels not seen since taper tantrum

    Global investors slashed their exposure to emerging market bonds by more than $16bn last month as the election of Donald Trump as US president exacerbated concerns about rising dollar interest rates, according to the Institute of International Finance.

    • 01 Dec 2016
  • Egypt’s Etisalat Misr raising loan with ‘UAE pricing’

    The Egyptian subsidiary of Abu Dhabi telecoms firm Etisalat is raising a $278m loan described as having “UAE pricing” because — despite the currency risks involved in Egyptian loans — the deal is secured by the borrower’s offshore foreign currency revenues, according to bankers.

    • 30 Nov 2016


The GlobalCapital View logo   Comment




  • Honesty is the way forward for PDVSA and Venezuela

    PDVSA is doing itself no favours by bending the truth about its financial situation. Bondholders are under no illusions about its troubles, so the company might as well be open with them.

    • 01 Dec 2016

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Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 45,626.68 211 9.27%
2 HSBC 44,829.32 265 9.10%
3 JPMorgan 40,433.80 168 8.21%
4 Bank of America Merrill Lynch 30,693.74 131 6.23%
5 Deutsche Bank 21,002.85 82 4.27%

Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 45,626.68 211 9.27%
2 HSBC 44,829.32 265 9.10%
3 JPMorgan 40,433.80 168 8.21%
4 Bank of America Merrill Lynch 30,693.74 131 6.23%
5 Deutsche Bank 21,002.85 82 4.27%

Bookrunners of LatAm Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Nov 2016
1 JPMorgan 13,739.39 37 12.34%
2 Citi 12,632.94 34 11.34%
3 Bank of America Merrill Lynch 11,827.25 31 10.62%
4 Santander 10,506.02 28 9.43%
5 HSBC 10,437.21 32 9.37%

Bookrunners of CEEMEA International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 Nov 2016
1 Citi 16,884.16 64 11.21%
2 JPMorgan 16,369.27 64 10.87%
3 HSBC 11,586.07 55 7.70%
4 Barclays 9,018.97 31 5.99%
5 BNP Paribas 7,381.21 23 4.90%

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
  • 29 Nov 2016
1 UniCredit 3,966.12 27 12.94%
2 SG Corporate & Investment Banking 2,798.04 16 9.13%
3 Citi 2,573.23 16 8.40%
4 ING 2,541.41 20 8.29%
5 HSBC 1,663.71 16 5.43%

Bookrunners of India DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Nov 2016
1 AXIS Bank 7,186.48 135 20.99%
2 HDFC Bank 4,471.44 115 13.06%
3 Trust Investment Advisors 3,879.89 166 11.33%
4 ICICI Bank 2,194.14 60 6.41%
5 Standard Chartered Bank 2,056.93 31 6.01%