CIS banks in buy back frenzy

A trio of CIS bank borrowers are in the process of buying back outstanding bonds. Ursa Bank has repurchased Eu101.199m of its Eu400m 7% May 2010 bonds and its Eu300m 8.3% November 2011s through a modified Dutch auction. Citi and ING were joint dealer managers. Russia’s VTB has announced a fixed price of 64 cents for its $750m 6.315% 2015 Eurobond. The tender offer expires on 30 March. And Kazkommertsbank yesterday (Tuesday) announced plans to buy back up to $175m of asset-backed bonds at between 82% and 92% of principal amount. Will more borrowers follow these three? Read EuroWeek on Friday to find out.

  • 25 Mar 2009

Joanne O’Connor

+44(0)20 7440 6051

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Citi 283,306.27 1094 8.16%
2 JPMorgan 271,811.81 1187 7.83%
3 Bank of America Merrill Lynch 254,169.74 856 7.32%
4 Barclays 212,825.73 790 6.13%
5 Goldman Sachs 189,318.47 616 5.45%

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1 BNP Paribas 37,223.03 158 6.64%
2 JPMorgan 34,910.99 67 6.23%
3 SG Corporate & Investment Banking 30,353.68 113 5.41%
4 UniCredit 29,801.83 136 5.31%
5 Credit Agricole CIB 27,998.53 136 4.99%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 11,324.10 47 8.92%
2 Goldman Sachs 10,371.50 49 8.17%
3 Citi 9,134.57 51 7.19%
4 UBS 6,517.25 25 5.13%
5 Morgan Stanley 6,459.47 42 5.09%