State involvement in Vietnam rating agency is ill-advised

Vietnam’s MoF wants to launch a domestic credit rating agency to develop the onshore bond market, but a lack of commercial viability means the government may have a hand in rating its own SOEs.

  • 13 Sep 2013

Vietnam wants to set up a domestic credit rating agency but private investors may be uninterested, and unless the business was privately run it would have little incentive to offer accurate assessment of the state owned enterprises (SOEs).

The Ministry of Finance (MoF) will take suggestions on the credit ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 7,707.21 17 15.47%
2 HSBC 7,147.22 22 14.34%
3 Deutsche Bank 5,620.49 12 11.28%
4 JPMorgan 3,719.25 11 7.46%
5 Bank of America Merrill Lynch 2,480.70 10 4.98%

Bookrunners of LatAm Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 3,783.77 4 20.56%
2 HSBC 3,266.83 3 17.75%
3 Deutsche Bank 2,977.43 1 16.18%
4 JPMorgan 1,812.07 7 9.85%
5 Bank of America Merrill Lynch 1,683.06 6 9.15%

Bookrunners of CEEMEA International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 3,111.25 5 11.31%
2 HSBC 2,253.75 3 8.19%
3 Deutsche Bank 1,703.96 4 6.19%
4 Sumitomo Mitsui Financial Group 1,341.03 2 4.87%
5 Standard Chartered Bank 1,291.27 1 4.69%

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 ING 3,668.64 29 9.07%
2 UniCredit 3,440.98 25 8.50%
3 Sumitomo Mitsui Financial Group 3,156.55 13 7.80%
4 Credit Suisse 2,801.35 8 6.92%
5 SG Corporate & Investment Banking 2,478.18 21 6.12%

Bookrunners of India DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 AXIS Bank 77.43 3 24.06%
2 Standard Chartered Bank 45.42 1 14.11%
2 Mitsubishi UFJ Financial Group 45.42 1 14.11%
2 CITIC Securities 45.42 1 14.11%
5 Trust Investment Advisors 31.87 2 9.90%