Liquidity is only skin-deep in emerging market loans

Strong demand for emerging market credits among bulge bracket lenders might give the impression that the sector is back on its feet. But beneath the surface, there is a gaping hole where retail used to be.

  • 26 Oct 2010

Judging by the large upcoming deals in emerging EMEA loans, it would easy to assume that the market had recovered well in the region.

Deal sizes — and borrower names — are certainly impressive. Sberbank is in the market for $2bn, Taqa has mandated a group of six ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 117,261.12 337 11.07%
2 Bank of America Merrill Lynch 94,721.79 272 8.94%
3 JPMorgan 92,612.23 269 8.74%
4 Wells Fargo Securities 82,597.19 239 7.80%
5 Credit Suisse 69,442.99 183 6.55%