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ECM Outlook

  • ECM outlook: final chance to break pre-summer quiet

    As celebrations of European victories old and new helped slow equity capital market activity at the start of this week, bankers were hoping that at least some of the deals that have been delayed by recent volatility would come back to market before the summer sets in.

    • 17 Jul 2014

Latest ECM Opinion

Taking Stock

Coverage Message

Where the Pope goes, the capital markets follow, it seems. Pope Francis is off to the Middle East this weekend  and, among other things, there will be a flurry of capital markets deals there awaiting him.

The Qatari royal family helped Deutsche achieve its €8bn capital raise this week, which might have added to some of the confusion that surrounded the deal. Sukuk is merging with socially responsible investing, with some Middle Eastern firms looking to launch the first green sukuk. And they’re likely to go well: Dar Al Arkan got a $1bn book for its $400m, non-green deal this week. But they could have competition from the Kangaroo market, where Middle Eastern issuers are headed. And it hasn’t gone unnoticed by the Russians, with Sberbank signing a memorandum of strategic co-operation with Abu Dhabi investment firm Invest AD.

If all that talk of the Middle East has you yearning for a change of scenery, these tales of corporate boomerangs — fleeing from and returning to firms including investment banks — might crush those dreams.

Latest Equity News

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Jul 2014
1 JPMorgan 206,119.24 768 7.99%
2 Barclays 197,009.75 660 7.64%
3 Deutsche Bank 185,589.88 731 7.20%
4 Citi 180,289.40 670 6.99%
5 Bank of America Merrill Lynch 168,848.11 598 6.55%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 Jul 2014
1 BNP Paribas 30,619.52 128 7.74%
2 Credit Agricole CIB 22,088.50 82 5.58%
3 HSBC 19,705.60 104 4.98%
4 UniCredit 19,229.33 92 4.86%
5 Commerzbank Group 18,774.69 107 4.75%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 Jul 2014
1 JPMorgan 19,623.08 89 9.25%
2 Goldman Sachs 19,369.43 59 9.13%
3 Deutsche Bank 18,401.12 61 8.68%
4 UBS 16,522.25 60 7.79%
5 Bank of America Merrill Lynch 16,020.48 53 7.55%