No need for panic if Lenta limps off with a postponement

If the chaos in emerging markets forces upcoming Russian issuers to postpone their deals, there will be a host of specialists ready to sing the market’s censures. But allowing issuers to test the water would give the market flexibility and avoid a shutdown in activity.

  • By Andrew Griffin
  • 07 Feb 2014
Lenta, the Russian hypermarket chain that has bravely leapt into an IPO despite choppy waters across emerging markets, may well be forced to postpone the deal in the next couple of weeks if secondary valuations continue to plummet. If it does, it should be applauded for its bravery, ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 58,137.72 186 8.23%
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3 Barclays 49,551.65 159 7.02%
4 Bank of America Merrill Lynch 42,095.04 147 5.96%
5 Deutsche Bank 38,217.89 137 5.41%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 Bank of America Merrill Lynch 6,045.16 4 18.58%
2 BNP Paribas 1,742.18 7 5.36%
3 Credit Agricole CIB 1,539.94 8 4.73%
4 MUFG 1,257.24 4 3.87%
5 SG Corporate & Investment Banking 1,165.08 6 3.58%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 UBS 998.25 3 13.49%
2 Citi 693.55 2 9.37%
3 Morgan Stanley 572.72 3 7.74%
4 Bank of America Merrill Lynch 509.34 3 6.88%
5 Jefferies LLC 409.89 4 5.54%