Steinhoff fraud fears lay capital markets hero low

Steinhoff International’s revelation of accounting irregularities has smashed the reputation of a company that had been widely admired as a daring and astute user of capital markets. Sam Kerr, Virginia Furness, Aidan Gregory, Silas Brown and Bianca Boorer examine how the retailer's troubles have rocked confidence among bond, equity and loan investors and even shaken appetite for South African risk.

  • By Aidan Gregory, Bianca Boorer , Sam Kerr, Silas Brown, Virginia Furness
  • 07 Dec 2017
The acquisitive group controlled by Christo Wiese has been plagued for months by rumours of potential accounting impropriety, but a confirmation of “inaccuracies” in its financial reporting by the company on Tuesday night sent its securities into a spiral, wiping out most of the value of a stock ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 164,197.28 637 7.95%
2 JPMorgan 154,023.20 666 7.46%
3 Bank of America Merrill Lynch 148,673.66 492 7.20%
4 Barclays 126,568.82 444 6.13%
5 HSBC 110,180.81 519 5.34%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 25,941.92 30 9.69%
2 Citi 16,837.08 38 6.29%
3 SG Corporate & Investment Banking 15,661.30 47 5.85%
4 Deutsche Bank 14,193.64 44 5.30%
5 Bank of America Merrill Lynch 13,028.84 31 4.87%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 6,961.44 31 9.27%
2 JPMorgan 6,815.38 29 9.07%
3 UBS 5,503.59 15 7.33%
4 Citi 5,145.98 30 6.85%
5 Deutsche Bank 4,303.27 25 5.73%