Issuers should not defer debt sales despite QE debate

While markets appear to have priced in a tapering of US quantitative easing in September, a growing number of economists are arguing that weak data from the US mean any reduction is unlikely to happen until December. But whatever the timetable for the withdrawing of QE, rates are only heading one way — up — and bankers say bond issuers would be better advised to come in the current period of market stability, writes Lorraine Cushnie.

  • By Lorraine Cushnie
  • 09 Aug 2013
Last Friday’s US non-farm payroll data led many watchers to stick to their conviction that the Federal Reserve will begin reducing quantitative easing in September. While the 162,000 jobs number was below consensus expectations of 183,000, the unemployment rate continued to fall — 7.4% in July, down from ...

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Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 68,957.80 315 9.72%
2 HSBC 63,598.43 369 8.97%
3 JPMorgan 58,711.87 255 8.28%
4 Deutsche Bank 32,827.09 139 4.63%
5 Standard Chartered Bank 30,983.80 220 4.37%

Bookrunners of LatAm Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 20,172.62 62 14.30%
2 JPMorgan 16,300.95 61 11.56%
3 HSBC 15,707.62 42 11.13%
4 Bank of America Merrill Lynch 13,030.61 52 9.24%
5 Santander 11,734.03 47 8.32%

Bookrunners of CEEMEA International Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 26,997.79 92 6.59%
2 Citi 24,968.00 87 6.10%
3 HSBC 18,039.36 69 4.41%
4 Deutsche Bank 10,385.92 29 2.54%
5 Standard Chartered Bank 10,214.05 48 2.49%

EMEA M&A Revenue

Rank Lead Manager Amount $m No of issues Share %
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  • 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 ING 3,133.69 26 8.62%
2 UniCredit 2,986.04 23 8.21%
3 Credit Suisse 2,801.35 8 7.70%
4 Sumitomo Mitsui Financial Group 2,594.98 10 7.14%
5 SG Corporate & Investment Banking 2,301.01 20 6.33%

Bookrunners of India DCM

Rank Lead Manager Amount $m No of issues Share %
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1 AXIS Bank 12,906.34 183 21.93%
2 ICICI Bank 5,706.63 152 9.70%
3 Trust Investment Advisors 5,552.05 162 9.43%
4 Standard Chartered Bank 4,365.14 48 7.42%
5 HDFC Bank 2,786.90 77 4.73%