EM bonds enjoy blistering start but trouble bubbles

Confidence is sweeping through the CEEMEA bond market as huge volumes for some of 2018’s most maligned issuers have pushed volumes up to record breaking levels for the first fortnight of a year. But despite the strong start, some bankers are concerned that the difficulties of last year are a whisker away from making a comeback. Francesca Young, Lewis McLellan and Sam Kerr report.

  • By Francesca Young, Lewis McLellan, Sam Kerr
  • 10 Jan 2019
“There’s some new year optimism but I think also what’s happening is that seasoned EM investors are starting to differentiate between the large and varied pool of issuers,” said one syndicate banker in London. “Those investors have always felt that the market offered a sound value proposal, it was simply about ...

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Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 2,981.89 8 14.09%
2 BNP Paribas 2,712.17 3 12.81%
3 HSBC 2,692.95 10 12.72%
4 JPMorgan 2,654.23 6 12.54%
5 Saudi National Commercial Bank 1,482.92 1 7.01%

Bookrunners of LatAm Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 13,465.23 42 17.13%
2 JPMorgan 8,903.71 37 11.33%
3 HSBC 8,633.77 22 10.98%
4 Deutsche Bank 6,487.13 9 8.25%
5 Bank of America Merrill Lynch 4,602.16 22 5.86%

Bookrunners of CEEMEA International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 2,712.17 3 18.54%
2 JPMorgan 2,276.62 3 15.57%
2 Citi 2,276.62 3 15.57%
4 HSBC 1,796.50 3 12.28%
5 Saudi National Commercial Bank 1,482.92 1 10.14%

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 UniCredit 5,496.41 35 13.64%
2 ING 3,270.62 26 8.11%
3 Credit Agricole CIB 2,586.69 11 6.42%
4 SG Corporate & Investment Banking 2,315.39 17 5.74%
5 MUFG 2,167.80 12 5.38%

Bookrunners of India DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Westpac 179.81 1 20.00%
1 State Bank of India 179.81 1 20.00%
1 Standard Chartered Bank 179.81 1 20.00%
1 DBS 179.81 1 20.00%
1 Citi 179.81 1 20.00%