Turkish assets slammed as Erdogan delivers cabinet blow

Turkey was driven further into financial instability and chaos this week, reflected in tumbling asset prices and the lira being at near record lows, after the country's president Recep Erdoğan delivered a further blow to investor confidence with a cabinet reshuffle.

  • By Francesca Young, Mike Turner, Sam Kerr, Virginia Furness
  • 12 Jul 2018

Any hopes that the newly re-elected Erdoğan would make an early move to safeguard business confidence were dashed on Monday, when he removed market favourites Mehmet Şimşek, who was deputy prime minister, and Naci Ağbal, minister of finance from his cabinet.

The appointment of former energy minister and ...

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Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
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1 Citi 47,865.83 227 9.45%
2 HSBC 43,142.07 290 8.51%
3 JPMorgan 34,507.54 171 6.81%
4 Standard Chartered Bank 28,256.25 201 5.58%
5 Deutsche Bank 25,039.23 97 4.94%

Bookrunners of LatAm Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 13,465.23 42 17.96%
2 HSBC 8,624.00 21 11.50%
3 JPMorgan 7,888.60 35 10.52%
4 Deutsche Bank 6,487.13 9 8.65%
5 Bank of America Merrill Lynch 4,507.51 20 6.01%

Bookrunners of CEEMEA International Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 19,041.78 65 11.42%
2 Standard Chartered Bank 15,207.37 64 9.12%
3 JPMorgan 15,111.39 63 9.06%
4 Deutsche Bank 12,722.14 33 7.63%
5 HSBC 12,613.66 56 7.56%

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 %
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1 UniCredit 4,484.30 26 12.65%
2 ING 3,123.12 24 8.81%
3 Credit Agricole CIB 2,397.03 10 6.76%
4 SG Corporate & Investment Banking 2,093.15 15 5.91%
5 MUFG 1,979.59 10 5.59%

Bookrunners of India DCM

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 AXIS Bank 6,262.97 112 23.11%
2 HDFC Bank 3,031.20 67 11.18%
3 Trust Investment Advisors 2,793.32 96 10.31%
4 AK Capital Services Ltd 1,915.50 83 7.07%
5 ICICI Bank 1,863.14 64 6.87%