EM threats lose power as bonds battle on

It should not have been a good week for CEEMEA bonds. Fears of an escalating trade war between the US and China, a re-run of mayoral elections in Istanbul that many are calling the end of democracy in Turkey, South Africa national elections and the spectre of US sanctions on Russia would normally have killed the primary market. But issuers kept on printing and bonds rallied, writes Francesca Young, with next week's pipeline filling up.

  • By Francesca Young
  • 09 May 2019
China and the US were in another stand-off over trade as the former's vice-premier, Liu He, traveled to Washington for crunch trade talks. The US has once again threatened further tariffs on Chinese products. Nonetheless, fixed income markets were “a bit weaker, but largely unshaken”, said one DCM ...

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Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 21,464.65 105 7.62%
2 Citi 20,705.81 117 7.35%
3 HSBC 20,286.65 161 7.20%
4 Standard Chartered Bank 17,119.81 116 6.08%
5 Deutsche Bank 11,870.65 63 4.21%

Bookrunners of LatAm Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 4,066.78 15 12.36%
2 JPMorgan 3,661.05 14 11.13%
3 Citi 2,899.36 14 8.81%
4 Morgan Stanley 2,844.36 8 8.65%
5 Santander 2,639.35 13 8.02%

Bookrunners of CEEMEA International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 12,303.53 41 12.46%
2 Citi 10,525.61 36 10.66%
3 Standard Chartered Bank 9,665.29 37 9.79%
4 HSBC 6,799.03 30 6.88%
5 Deutsche Bank 5,013.13 10 5.08%

EMEA M&A Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
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 Citi 857.45 5 12.87%
2 MUFG 848.66 4 12.74%
3 Industrial & Commercial Bank of China - ICBC 742.79 3 11.15%
4 JPMorgan 369.88 4 5.55%
5 SG Corporate & Investment Banking 293.72 4 4.41%

Bookrunners of India DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Standard Chartered Bank 1,783.30 14 17.76%
2 HSBC 1,156.32 12 11.51%
3 JPMorgan 1,015.66 11 10.11%
4 Citi 906.15 10 9.02%
5 Barclays 767.96 9 7.65%