Ukraine stuns market with pre-election cash grab

Ukraine courted controversy this week, turning to the private market to tap its November 2028 bond. The trade caught the attention of investors and bankers, with some saying that JP Morgan had retained the deal and priced it well below the market rate. Lewis McLellan reports.

  • By Lewis McLellan
  • 14 Mar 2019

JP Morgan ran the tap on Wednesday, adding $350m to the November 2028 bond and taking the amount outstanding to $1.6bn. The original bond was issued in November last year.

Several sources away from the deal said the tap was priced at 99.25, considerably cheaper than ...

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Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 12,538.57 104 8.21%
2 Citi 12,221.96 62 8.00%
3 Standard Chartered Bank 11,362.15 71 7.44%
4 JPMorgan 11,260.87 54 7.37%
5 Deutsche Bank 7,838.45 36 5.13%

Bookrunners of LatAm Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 1,885.78 6 11.59%
2 Citi 1,812.95 8 11.14%
3 Morgan Stanley 1,595.10 4 9.80%
4 BNP Paribas 1,525.76 5 9.38%
5 JPMorgan 1,388.43 6 8.53%

Bookrunners of CEEMEA International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Standard Chartered Bank 6,851.83 24 11.52%
2 JPMorgan 6,835.47 21 11.50%
3 Citi 6,527.74 22 10.98%
4 Deutsche Bank 4,398.63 6 7.40%
5 Credit Agricole CIB 4,059.72 11 6.83%

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 JPMorgan 176.16 1 31.83%
2 AXIS Bank 85.65 1 15.48%
3 UniCredit 56.53 1 10.21%
Subtotal 318.33 3 57.52%
Total 553.46 4 100.00%

Bookrunners of India DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Standard Chartered Bank 809.89 6 17.00%
2 HSBC 721.85 6 15.15%
3 Barclays 455.94 5 9.57%
4 Citi 451.68 4 9.48%
5 State Bank of India 401.68 3 8.43%