Strong credit story drives low new issue premium for MAF

UAE-based shopping mall developer Majid Al Futtaim added to this week’s phenomenal flow of CEEMEA primary deals yesterday with a $500m conventional seven year bond, which was priced with only a light pick-up to its $400m 2017 sukuk note. Barclays, JP Morgan, National Bank of Abu Dhabi, Standard Chartered Bank and UBS arranged the note.

  • 28 Jun 2012
Price guidance for the new deal had originally been released at 5.375% yield area, before being tightened to 5.250%-5.375%. The note priced at par at the tight end of that range, or a z-spread of 385bp, some way inside the 5.850% profit rate at which it issued its ...

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Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 12,943.14 68 8.05%
2 HSBC 12,853.90 108 8.00%
3 Standard Chartered Bank 11,989.39 76 7.46%
4 JPMorgan 11,982.49 59 7.46%
5 Deutsche Bank 8,846.33 38 5.51%

Bookrunners of LatAm Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 2,377.71 7 13.40%
2 JPMorgan 1,880.36 7 10.59%
3 Citi 1,812.95 8 10.21%
4 Morgan Stanley 1,595.10 4 8.99%
5 BNP Paribas 1,525.76 5 8.60%

Bookrunners of CEEMEA International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 7,035.16 24 11.36%
2 Standard Chartered Bank 7,008.38 26 11.31%
3 Citi 6,683.95 24 10.79%
4 Deutsche Bank 4,540.26 7 7.33%
5 Credit Agricole CIB 4,257.87 13 6.87%

EMEA M&A Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 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 %
  • Last updated
  • Today
1 Credit Suisse 202.22 1 26.76%
2 JPMorgan 176.16 1 23.31%
3 AXIS Bank 85.65 1 11.33%
4 UniCredit 56.53 1 7.48%
Subtotal 520.55 4 68.89%

Bookrunners of India DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Standard Chartered Bank 942.34 7 17.96%
2 HSBC 884.30 8 16.85%
3 Citi 584.13 5 11.13%
4 Barclays 455.94 5 8.69%
5 State Bank of India 401.68 3 7.66%