Oasis of promise in a dry landscape

The Middle East has decoupled from the global credit markets, but is still not entirely shielded from its storms. In the second half of 2007, issuers had to offer investors something special — whether generous pricing or a compelling credit story — to ensure success. Joanne O’Connor reports.

  • 12 Jan 2008

Despite tumultuous markets, new issuance out of the Middle Eastern grew again in 2007 as borrowers from the region raised more than $22.5bn in foreign currency bonds, and nearly $30bn in total.

But unlike in 2006, the bulk of this was frontloaded into a frenzied first half during ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 344,551.82 1341 8.09%
2 JPMorgan 340,847.26 1467 8.00%
3 Bank of America Merrill Lynch 306,216.73 1054 7.19%
4 Barclays 256,667.84 965 6.02%
5 Goldman Sachs 227,311.51 769 5.33%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 47,043.60 195 6.55%
2 JPMorgan 46,108.71 102 6.42%
3 UniCredit 39,106.98 168 5.45%
4 Credit Agricole CIB 36,670.04 182 5.11%
5 SG Corporate & Investment Banking 35,773.91 138 4.98%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 14,088.48 62 8.97%
2 Goldman Sachs 13,469.15 66 8.57%
3 Citi 9,948.21 58 6.33%
4 Morgan Stanley 8,572.10 54 5.46%
5 UBS 8,391.04 36 5.34%