JPM leads a two bank CEEMEA market, fee direction under debate
In a record-breaking year for CEEMEA bond issuance, JP Morgan has taken a definitive lead over Citi in the 2017 league tables. And with those two banks raising their market shares even further, some say there has been upward pressure on fees, as issuers fear the outcome of not mandating either of the two leaders.
As of December 13, JP Morgan had achieved a 13.2% share of CEEMEA bond bookrunning in 2017, according to Dealogic, having underwritten an apportioned volume of $27bn.Citi, which has been top of the CEEMEA bond market for the past three years, has a 12.2% market share, ...
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