No let-up in CEEMEA bond market as end of year approaches

Lebanon printed over $1.5bn of bonds, Ukraine $1.25bn and Poland €750m this week, despite Thanksgiving and the fast approaching end of the year. Such is the surge of emerging market debt that syndicate managers have been forced to re-examine their expectations for the last weeks of the year.

  • 23 Nov 2012

Investors showed a willingness to buy even more paper this week after many had said over the last fortnight that autumn’s EM bond bonanza was over.

"It’s the last rush into Christmas now, but it’s far from desperate — EM accounts are still happily buying," said one syndicate ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 JPMorgan 44,108.59 212 5.60%
2 Citi 41,929.67 199 5.33%
3 Bank of America Merrill Lynch 39,961.63 196 5.08%
4 Barclays 36,376.87 152 4.62%
5 Deutsche Bank 31,434.19 150 3.99%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Barclays 12,052.82 29 9.32%
2 SG Corporate & Investment Banking 9,231.34 34 7.14%
3 Deutsche Bank 8,994.55 41 6.95%
4 Bank of America Merrill Lynch 8,791.13 27 6.79%
5 BNP Paribas 8,096.49 41 6.26%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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1 JPMorgan 1,686.47 13 9.63%
2 BNP Paribas 1,305.75 15 7.46%
3 Deutsche Bank 1,263.77 9 7.22%
4 Goldman Sachs 1,225.64 11 7.00%
5 Citi 1,134.67 10 6.48%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 JPMorgan 9,636.80 71 10.46%
2 Citi 9,049.24 65 9.82%
3 Bank of America Merrill Lynch 6,185.97 48 6.72%
4 Goldman Sachs 6,080.77 44 6.60%
5 Morgan Stanley 5,699.31 38 6.19%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 SG Corporate & Investment Banking 8,582.70 34 5.51%
2 Citi 8,191.99 30 5.25%
3 Barclays 7,869.78 33 5.05%
4 BNP Paribas 7,662.88 39 4.92%
5 Credit Agricole CIB 7,416.07 38 4.76%