Massive books in EM as Treasury blip fails to derail buy-side bid

Several big name investors this week called the start of a bond bear market after a back-up in 10 year US Treasury yields but there was little sign of reticence from the emerging markets buy-side, with three sovereigns pulling in jumbo order books.

  • By Virginia Furness
  • 11 Jan 2018

Oman, Turkey and Israel drew combined orders of at least $33bn this week suggesting that the early wobble in Treasuries has had no bearing on demand, and that it is too early to call the end of the EM bond bull run.

The 10 year US Treasury ...

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.

Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 9,101.19 25 13.65%
2 HSBC 8,154.12 28 12.23%
3 Deutsche Bank 7,109.78 16 10.66%
4 JPMorgan 5,097.35 16 7.65%
5 Standard Chartered Bank 3,055.20 19 4.58%

Bookrunners of LatAm Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 4,285.53 5 9.12%
2 Deutsche Bank 3,977.43 2 8.46%
3 HSBC 3,768.59 4 8.02%
4 JPMorgan 2,812.07 8 5.98%
5 Bank of America Merrill Lynch 1,803.06 7 3.84%

Bookrunners of CEEMEA International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 3,402.03 8 20.98%
2 HSBC 2,253.75 3 13.90%
3 Deutsche Bank 1,703.96 4 10.51%
4 Standard Chartered Bank 1,518.77 3 9.37%
5 JPMorgan 1,507.04 3 9.29%

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
  • Today
1 ING 3,668.64 29 9.07%
2 UniCredit 3,440.98 25 8.50%
3 Sumitomo Mitsui Financial Group 3,156.55 13 7.80%
4 Credit Suisse 2,801.35 8 6.92%
5 SG Corporate & Investment Banking 2,478.18 21 6.12%

Bookrunners of India DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 Jan 2018
1 Standard Chartered Bank 126.67 2 3.90%
2 Sumitomo Mitsui Financial Group 81.25 1 2.50%
2 SG Corporate & Investment Banking 81.25 1 2.50%
2 Morgan Stanley 81.25 1 2.50%
2 JPMorgan 81.25 1 2.50%