Russia

TOP STORIES

  • Ramaphosa rally restores good hope to the Cape

    South Africa is already bearing the fruits of Cyril Ramaphosa’s two month tenure as president. Renewed buoyancy is fuelling business confidence, driving down asset prices, and supporting a strong pipeline of capital markets activity in both debt and equity, write Virginia Furness and Sam Kerr.

    • 19 Apr 2018
  • No hanging about as banks usher in next gen of AT1s

    Additional tier one (AT1) issuers are entering into a refinancing market far faster than anyone had expected, as banks get in well ahead of time to replace the earliest trades printed in the format. Tyler Davies reports.

    • 19 Apr 2018
  • IDA delights in dollars with other SDR currencies to come

    Public sector bankers lined up to laud a new SSA borrower this week, as the International Development Association (IDA) surpassed expectations on its bond debut. Now, many are eager to see the its next move, with many anticipating a Washington supranational with greater currency flexibility, writes Craig McGlashan.

    • 19 Apr 2018
  • Ambitious Intesa NPL plan a sign of Italian debt gold rush

    Intesa Sanpaolo’s newly approved plan to tackle its high non-performing loan (NPL) exposure includes a potential securitization of €11bn of gross NPLs and a loan servicing joint venture with a Swedish debt collection specialist as the scramble to win a share of the lucrative Italian debt servicing business gathers pace. Asad Ali reports.

    • 19 Apr 2018

COPPLESTONE'S CARTOON

 

PEOPLE & MARKETS

  • Morgan Stanley shoots lights out in European securitization

    As the major US banks reporting strong performances for the first quarter this week, Morgan Stanley boss James Gorman and chief financial officer Jonathan Pruzan picked out their European securitization operation out for praise, on the back of financing activity for legacy portfolios.

    • 19 Apr 2018
  • ECB makes power play over clearing in leaked doc

    The European Central Bank (ECB) has proposed new powers that could allow it to control elements of foreign clearing houses’ operations (CCPs) in “exceptional” crisis situations, according to a leaked position paper. This is likely to escalate already tense relations with US regulators.

    • 19 Apr 2018
  • People Moves in Brief

    Mizuho trading head exits — Barclays, StanChart raids BNPP — Macquarie boosts ECM effort

    • 19 Apr 2018

COMMENT & COLUMNS

THE GLOBALCAPITAL VIEW

  • Market right to fear more Russia sanctions despite delay

    The Trump administration’s decision not to announce new sanctions against Russia on Monday is unlikely to be the end of the sanctions saga, with designations having been proven to be the US's most effective weapon against Russia.

    • 17 Apr 2018
  • Rusal target for sanctions should give hope to EM investors

    The US Treasury’s targeting of Rusal in its latest round of sanctions was far from the random hit that investors are claiming. The US has demonstrated its power over the dollar-based financial system — and it has no need to do further damage.

    • 17 Apr 2018

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SOUTHPAW

  • Banks get hot under the collars in solutions business re-boot

    Controls have been tightened after the high-profile losses that banks took on margin loans when retail conglomerate Steinhoff ran into trouble late last year. But strategic equity solutions businesses remain central to equity capital markets, writes David Rothnie.

    • 19 Apr 2018

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LEADERS

  • You can't just recycle if you believe in ESG

    Two pieces of news this week highlight how environmental, social and governance (ESG) investing is conquering the capital markets. But both carry a risk of intellectual laziness.

    • 19 Apr 2018
  • Libor needs a revival, not a funeral

    The derivatives industry is engaging with efforts to create credible alternative reference rates to Libor, but three years is too little time to achieve this and more attention needs to focus on the existing benchmark itself.

    • 19 Apr 2018

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PAINED TRADER

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GlobalCapital Bond Comments

View detailed issuer and bookrunner commentary and market appraisal for the key deals in the market. Choose from SSA, FIG, Corporates and Emerging Market deals.


ASSET CLASS NEWS

SSA

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FIG

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SECURITIZATION

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CORPORATE BONDS

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EQUITY

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SYNDICATED LOANS

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LEVFIN

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DERIVATIVES

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EMERGING MARKETS

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 137,684.72 518 8.06%
2 JPMorgan 129,498.00 535 7.58%
3 Bank of America Merrill Lynch 114,225.75 384 6.69%
4 Barclays 99,473.36 357 5.83%
5 Goldman Sachs 97,629.05 275 5.72%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 20,423.32 23 9.47%
2 SG Corporate & Investment Banking 14,215.71 38 6.59%
3 Deutsche Bank 13,118.70 35 6.08%
4 Bank of America Merrill Lynch 12,117.87 27 5.62%
5 Citi 11,366.88 31 5.27%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 5,907.08 27 10.39%
2 JPMorgan 4,381.89 22 7.70%
3 Citi 4,165.68 23 7.32%
4 Deutsche Bank 4,050.74 23 7.12%
5 UBS 2,626.72 9 4.62%