KfW success marred by fee controversy

The undisputable attraction of a KfW three year bond priced at mid-swaps plus 10bp to 12bp was reflected in a Eu9bn book this week. However, some of the gloss has been taken away from the deal by the agency paying its usual fees of 7.5bp when Ireland paid 10bp, SFEF paid 12.5bp and the UK guaranteed banks paid 15bp. Credit Suisse, DZ Bank and HSBC however were prepared to step up to the plate and lead manage the deal. Read Friday's EuroWeek for the opinions of borrower and bankers on the fee question.

  • 19 Nov 2008

Jo Richards +44 20 7440 6021

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Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 7,707.21 17 15.47%
2 HSBC 7,147.22 22 14.34%
3 Deutsche Bank 5,620.49 12 11.28%
4 JPMorgan 3,719.25 11 7.46%
5 Bank of America Merrill Lynch 2,480.70 10 4.98%

Bookrunners of LatAm Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Citi 3,783.77 4 20.92%
2 HSBC 3,266.83 3 18.06%
3 Deutsche Bank 2,977.43 1 16.46%
4 JPMorgan 1,766.98 6 9.77%
5 Bank of America Merrill Lynch 1,683.06 6 9.31%

Bookrunners of CEEMEA International Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Citi 3,111.25 5 11.65%
2 HSBC 2,253.75 3 8.44%
3 Deutsche Bank 1,520.23 3 5.69%
4 Sumitomo Mitsui Financial Group 1,341.03 2 5.02%
5 Standard Chartered Bank 1,291.27 1 4.84%

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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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  • Today
1 ING 3,668.64 29 9.07%
2 UniCredit 3,440.98 25 8.50%
3 Sumitomo Mitsui Financial Group 3,156.55 13 7.80%
4 Credit Suisse 2,801.35 8 6.92%
5 SG Corporate & Investment Banking 2,478.18 21 6.12%

Bookrunners of India DCM

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 AXIS Bank 77.43 3 24.06%
2 Standard Chartered Bank 45.42 1 14.11%
2 Mitsubishi UFJ Financial Group 45.42 1 14.11%
2 CITIC Securities 45.42 1 14.11%
5 Trust Investment Advisors 31.87 2 9.90%