Indonesian deals hit by rising dollar, outflows

Weeks of currency depreciation, emerging market outflows and violence domestically have taken a toll on Indonesia’s credit and equity markets, despite the central bank making some effort to assuage the volatility. What lies ahead for the country? Morgan Davis finds out.

  • By Morgan Davis
  • 24 May 2018
Emerging markets have been battered all month as investor outflows in debt and equities hint at a repeat of the 2013 taper tantrum. Geopolitical headlines from Iran to Korea are making investors nervous, said one fixed income portfolio manager, who added there are more sellers than real buyers ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 China Merchants Securities Co 19.41
2 CITIC Securities 14.83
3 Agricultural Bank of China (ABC) 13.48
3 Industrial and Commercial Bank of China (ICBC) 13.48
5 China CITIC Bank Corp 12.13

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
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1 Goldman Sachs 11,697.77 43 9.11%
2 Citi 10,158.71 51 7.91%
3 Morgan Stanley 9,246.62 32 7.20%
4 China International Capital Corp Ltd 7,282.31 19 5.67%
5 China Securities Co Ltd 7,107.56 22 5.54%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
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1 HSBC 13,507.91 107 7.07%
2 Citi 12,891.55 82 6.75%
3 JPMorgan 9,603.62 47 5.03%
4 Bank of America Merrill Lynch 8,844.84 49 4.63%
5 Goldman Sachs 8,622.02 35 4.52%

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