Emerging Markets Poll 2003

  • 16 Jan 2004
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Last December, EuroWeek asked the emerging markets teams at the leading houses in the international bond markets for their views on which deals had been the best, or worst, of 2003. First, banks were asked to nominate their favourite deals so that a shortlist could be drawn up. Next, they were asked to name one deal from the shortlist as the best of the year — but not one that they had led.
In addition, banks were asked to nominate the firms that impressed them most as lead managers in 2003. Here are the results.

Best sovereign deal, emerging Europe
1Republic of Ukraine$1bn 7.65% 2013Dresdner Kleinwort Wasserstein, JP Morgan, UBS
2Republic of PolandEu2.3bn 4.5% 2013Deutsche Bank, JP Morgan
3Republic of Turkey$1.25bn 9.5% 2014Merrill Lynch, Morgan Stanley
Best corporate deal, emerging Europe
1Gazprom$1.75bn 9.625% 2013Dresdner Kleinwort Wasserstein, Morgan Stanley
2GazpromEu1bn 7.8% 2010Deutsche Bank, UBS
3Alrosa$500m 8.125% 2008ING
Best lead manager, emerging Europe
1Morgan Stanley
2Dresdner Kleinwort Wasserstein
3=JP Morgan
Worst deal, emerging Europe
1=RomaniaEu700m 5.75% 2010Citigroup, Deutsche Bank, JP Morgan, UBS
1=Sberbank$1bn 175bp over Libor 2006UBS
Best sovereign deal, Middle East and Africa
1State of Qatar$700m sukuk 40bp over Libor 2010HSBC
2State of Israel$750m 4.625% 2013Citigroup, Lehman Brothers
3Kingdom of Bahrain$500m 4% 2008BNP Paribas, Citigroup
Best lead manager, Middle East and Africa
3BNP Paribas
Worst deal, Middle East and Africa
1Republic of South AfricaEu1.25bn 5.25% 2013Citigroup, Dresdner Kleinwort Wasserstein
Best sovereign deal, Latin America
1Federative Republic of Brazil$1bn 10% 2007Merrill Lynch, UBS
2United Mexican States$1bn 7.5% 2033Barclays Capital, JP Morgan
3Republic of Venezuela$700m 10.75% 2013/$470m 10.75% 2013/$384.4m 2014,ABN Amro, Citigroup
Best corporate deal, Latin America
1Telmex$1bn 4.5% 2008Credit Suisse First Boston, JP Morgan
2Bavaria$500m 8.875% 2010ABN Amro, Citigroup
3CVRD$300m 9% 2013Deutsche Bank, Morgan Stanley
Best lead manager, Latin America
2Credit Suisse First Boston
3Merrill Lynch
Best liability management deal, EMEA and Latin America
1Republic of Uruguay$5bn global debt reprofilingCitigroup
2United Mexican States$1.5bn 4.625% 2008 (to eliminate Bradys)Barclays Capital, JP Morgan
3Republic of Venezuela$1.5bn 5.375% 2010 (to fund Brady bond tender)Credit Suisse First Boston
Worst deal, Latin America
1Federative Republic of Brazil(exchange) $500m 10% 2011/$833m 8.875% 2024JP Morgan, Morgan Stanley
  • 16 Jan 2004

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 345,651.05 1349 8.09%
2 JPMorgan 341,748.87 1469 8.00%
3 Bank of America Merrill Lynch 306,869.45 1064 7.18%
4 Barclays 258,170.48 974 6.04%
5 Goldman Sachs 227,691.73 773 5.33%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 48,305.28 204 6.53%
2 JPMorgan 46,311.15 105 6.26%
3 UniCredit 40,488.91 181 5.48%
4 SG Corporate & Investment Banking 38,348.83 146 5.19%
5 Credit Agricole CIB 37,171.96 185 5.03%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 14,514.87 63 9.19%
2 Goldman Sachs 13,469.15 66 8.53%
3 Citi 9,971.36 58 6.32%
4 Morgan Stanley 8,572.10 54 5.43%
5 UBS 8,414.70 37 5.33%