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Perpetual push petering out after Braskem raises $450m but sees bond widen by 20bp

Corporate Latin America’s rush to lock in low interest rates via perpetual bond issues — often refinancing more expensive older undated debt at the same time — could be close to ending after the sector showed signs of saturation.

  • 01 Oct 2010
This week’s $450m sale by Brazilian petrochemicals firm Braskem followed compatriot steelmaker Companhia Siderurgica Nacional (CSN)’s deal two weeks ago in widening in secondary trading. Braskem priced its perp on Monday though lead managers HSBC, Itau and Deutsche Bank. The 7.375% bond has widened by around 20bp, according ...

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Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
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For detailed analysis: Dealogic
  • Last updated
  • Today
1 Citi 35,453.86 201 7.74%
2 JPMorgan 33,597.03 169 7.33%
3 HSBC 33,001.31 270 7.20%
4 Standard Chartered Bank 24,849.02 199 5.42%
5 BNP Paribas 17,722.61 95 3.87%

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For detailed analysis: Dealogic
  • Last updated
  • Today
1 Citi 8,173.59 31 11.81%
2 JPMorgan 7,261.96 30 10.49%
3 Santander 4,916.92 27 7.10%
4 Bank of America Merrill Lynch 4,900.45 21 7.08%
5 Morgan Stanley 4,698.95 17 6.79%

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Rank Lead Manager Amount $m No of issues Share %
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For detailed analysis: Dealogic
  • Last updated
  • Today
1 JPMorgan 16,214.73 59 11.76%
2 Citi 15,044.20 56 10.91%
3 Standard Chartered Bank 10,967.36 55 7.95%
4 HSBC 8,619.65 46 6.25%
5 BNP Paribas 8,469.15 23 6.14%

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For detailed analysis: Dealogic
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  • 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%

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For detailed analysis: Dealogic
  • Last updated
  • Today
1 UniCredit 2,082.81 13 11.94%
2 SG Corporate & Investment Banking 1,851.18 13 10.62%
3 ING 1,599.84 14 9.17%
4 Citi 1,187.74 11 6.81%
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Rank Lead Manager Amount $m No of issues Share %
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For detailed analysis: Dealogic
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  • Today
1 Standard Chartered Bank 2,621.45 21 16.37%
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4 JPMorgan 1,509.80 17 9.43%
5 Citi 1,398.63 17 8.73%