Market braced for dollar bond rush from India

Bank of Baroda, Canara Bank and Indian Overseas Bank are considering issuing US dollar denominated bonds following Syndicate Bank’s roadshow announcement on Monday. Global sentiment on Indian bank credit is improving and deals would be received well, bankers told EuroWeek Asia’s sister publication Asiamoney.

  • 24 May 2013

Syndicate Bank will meet investors in Singapore and Hong Kong this week and London next week, with a view to issuing a Reg S, US dollar bond. The Indian lender has hired Citi, Deutsche Bank, HSBC, JP Morgan and Standard Chartered for the roadshow.

On Thursday, Canara said it ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 118,374.89 527 5.99%
2 Bank of America Merrill Lynch 116,579.22 501 5.90%
3 Citi 95,782.80 502 4.84%
4 Goldman Sachs 80,416.88 312 4.07%
5 Barclays 79,687.28 327 4.03%

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1 BNP Paribas 26,462.31 118 8.90%
2 Deutsche Bank 21,930.45 80 7.38%
3 SG Corporate & Investment Banking 19,469.33 94 6.55%
4 HSBC 16,015.57 89 5.39%
5 UniCredit 15,855.58 73 5.33%

Bookrunners of European HY Bonds

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1 Goldman Sachs 5,404.19 42 7.80%
2 BNP Paribas 4,918.81 57 7.10%
3 Deutsche Bank 4,345.09 43 6.27%
4 JPMorgan 3,950.54 44 5.70%
5 Credit Suisse 3,757.05 40 5.42%

Bookrunners of Dollar Denominated HY Bonds

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1 JPMorgan 20,123.74 153 10.29%
2 Goldman Sachs 15,830.49 107 8.09%
3 Credit Suisse 13,309.03 95 6.80%
4 Bank of America Merrill Lynch 13,267.41 122 6.78%
5 Citi 12,928.46 108 6.61%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 HSBC 28,248.54 116 6.20%
2 BNP Paribas 26,572.93 113 5.83%
3 Barclays 25,943.52 91 5.69%
4 JPMorgan 25,259.22 83 5.54%
5 Citi 24,204.97 95 5.31%