Longfor sparks hope for block spree despite fall

Longfor Properties raised HK$3.09bn ($396m) from a top-up share sale this week, taking advantage of a more than 49% share price rise since the beginning of the year. But the stock soon dropped 8.68% in the secondary market, exaggerating a wider downturn in real estate stocks, said bankers.

  • 21 Sep 2012

Hedge funds made up the majority of the order book for the deal, which had demand from around 80 investors overall. That weakened the resilience of the stock in the secondary market, and it fell 8.68% on Wednesday, its first day of trading, retracing some of its 49.5% ...

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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 69,037.80 316 9.77%
2 HSBC 63,101.82 366 8.93%
3 JPMorgan 58,604.72 253 8.30%
4 Deutsche Bank 32,818.57 139 4.65%
5 Standard Chartered Bank 30,975.27 220 4.39%

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

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1 JPMorgan 26,997.79 92 13.21%
2 Citi 24,968.00 87 12.22%
3 HSBC 17,697.95 68 8.66%
4 Deutsche Bank 10,385.92 29 5.08%
5 Standard Chartered Bank 10,214.05 48 5.00%

EMEA M&A Revenue

Rank Lead Manager Amount $m No of issues Share %
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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 8.74%
2 UniCredit 2,986.04 23 8.33%
3 Credit Suisse 2,801.35 8 7.81%
4 Sumitomo Mitsui Financial Group 2,594.98 10 7.24%
5 SG Corporate & Investment Banking 2,301.01 20 6.42%

Bookrunners of India DCM

Rank Lead Manager Amount $m No of issues Share %
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1 AXIS Bank 12,906.34 183 21.46%
2 Standard Chartered Bank 5,841.86 48 9.71%
3 ICICI Bank 5,706.63 152 9.49%
4 Trust Investment Advisors 5,552.05 162 9.23%
5 HDFC Bank 2,786.90 77 4.63%