• Abengoa comeback continues with $279m CB at soft end

    Abengoa, the Spanish construction and concessions company, has made a further step to capital markets rehabilitation, by issuing a $279m exchangeable bond, into shares of its affiliate Abengoa Yield.

    • 27 Feb 2015
  • Italy privatises €2.2bn of Enel: leads left long but comfortable

    The Italian state sold a 5.74% stake in power company Enel through a €2.2bn block trade over Wednesday night. It was very punchily underwritten and the leads were left long - but said they were happy.

    • 26 Feb 2015
  • Block action with Saga, Acerinox, no Danske

    Equity block trade bankers’ hearts may have leapt on reading Wednesday’s headline that AP Møller-Mærsk was planning to sell its 20.05% stake in Danske Bank, worth about €4.8bn at today’s share price.

    • 26 Feb 2015
  • Italy privatises €2.2bn of Enel: banks left long but comfortable

    The Italian state sold a 5.74% stake in power company Enel through a €2.2bn block trade over Wednesday night. It was very punchily underwritten and the leads were left long, but said they were happy.

    • 26 Feb 2015
  • Italy’s OVS prices flotation at bottom of range, but satisfied with book quality

    OVS, the Italian clothing retailer, on Wednesday night priced and allocated its €414m Milan IPO, after a slight delay, giving it a valuation of about €931m.

    • 26 Feb 2015
  • Bharti Airtel gets strong signal for $310m Infratel block

    India’s Bharti Airtel has raked in Rp19.25bn ($310m) by selling shares in subsidiary Bharti Infratel through an overnight block on February 25. Priced at the bottom of the range, the transaction saw strong interest from European and US investors, thanks to the company’s sector of operation, and also because a private placement executed just a day earlier had helped provide momentum for the trade.

    • 26 Feb 2015
  • Abengoa brings $300m exchangeable to cut debt

    Abengoa, the Spanish engineering, construction and concessions company, is making a fresh move to cut its debt by reducing its shareholding in Abengoa Yield from 51% to 40%.

    • 25 Feb 2015
  • Wizz Air eyes above mid-range, OVS below as IPOs near finish

    Wizz Air, the Hungarian budget airline, is set to close the books for its IPO on Monday night, having revised the price range today – and may refine pricing again on Tuesday.

    • 23 Feb 2015
  • BAML hires equity-linked originator from Deutsche

    Bank of America Merrill Lynch is hiring an equity-linked debt banker from Deutsche Bank.

    • 20 Feb 2015
  • OVS’s €400m IPO covered, nice discount

    The IPO of OVS, the Italian clothing retailer, is progressing well, helped by a juicy discount to comparable stocks.

    • 19 Feb 2015
  • OVS’s €400m IPO is covered, retail bid to come later

    The IPO of OVS, the Italian clothing retailer, is progressing well, helped by a juicy discount to comparable stocks.

    • 19 Feb 2015
  • Baml scoops new Japan equity strategist from Citi

    Bank of America Merrill Lynch has poached a senior equity strategist from Citi for its Japan research team, with the new hire set to start working at the firm from April 2.

    • 17 Feb 2015
  • Orascom Construction to list, in boost for MidEast ECM

    OCI NV, the Amsterdam-listed Egyptian construction, fertilisers and chemicals group, has announced details of its plan to demerge its construction business, in a deal that could help revive Middle Eastern equity capital markets activity, which has been flagging this year since the collapse of the oil price.

    • 16 Feb 2015
  • Flashes of hope spark blaze of equity block trades

    This week was supposed to be all about IPOs in the European equity capital market, with the pricing of a string of deals, above all the highly successful €4.25bn privatisation of Aena, the Spanish airports operator. But a carnival of block trades on Thursday stole the show, as sellers from British Telecom to Silvio Berlusconi pounced on a rising market, either to lock in recent gains opportunistically or to further strategic business needs. Jon Hay reports.

    • 12 Feb 2015
  • RAG executes €500m Evonik exchangeable at sub-zero yield

    RAG Stiftung, the German state-backed foundation set up in 2007 to support the environmental transition of the country’s coal mines, issued a €500m exchangeable bond on Wednesday at a negative yield.

    • 11 Feb 2015
  • Aena soars 20% as investors pile into blowout €4bn IPO

    Shares in Aena, the largest airport operator in the world by transit numbers, shot up 20.6% on Wednesday when they began trading in Madrid, as investors, many of them dissatisfied with their shrunken IPO allocations, scrambled for shares in the aftermarket. The shares climbed another 5% on Thursday morning, before sliding back to close at the same level as Wednesday night.

    • 11 Feb 2015
  • SBI targets March for $2.4bn share sale

    State Bank of India is expected to hit the market in March for its jumbo Rp150bn ($2.4bn) equity raising, in what would be yet another chunky deal for the country’s ECM market.

    • 11 Feb 2015
  • Triumph for Spain as Aena shares price at top in €4.25bn IPO

    Shares in Aena, the Spanish state-owned airport operator, will begin trading tomorrow in Madrid, after their successful pricing today at the very top of an already raised price range.

    • 10 Feb 2015
  • Aena to price tonight, Elis and Saeta Yield close behind

    The Spanish government is set to price its privatisation of Aena, the state airport operator, this evening. The flotation of a 49% stake has attracted strong demand and looks set to be a big win for the government, potentially netting it up to €4.26bn.

    • 09 Feb 2015
  • Aster hires four banks to manage $250m float in India

    Aster Healthcare, India’s third largest healthcare service provider, has mandated four banks to help it raise $200m-$250m in an IPO slated for this year.

    • 09 Feb 2015
  • Funds snap up $1.6bn follow-on from HDFC

    HDFC Bank raised Rp98.7bn ($1.6bn) in new equity from a simultaneous follow-on of American Depositary Shares (ADS) and a qualified institutional placement (QIP) on Thursday, as funds bet on the stock as one of the best proxies to India’s growth.

    • 06 Feb 2015
  • Blocks busy as investors lap up Magnit and B&M Retail

    Equity block trade activity picked up in Europe this week, though bankers still think it can get busier, as companies emerge from blackouts in the coming weeks.

    • 05 Feb 2015
  • Market cheers as BT lands EE deal with only £1bn equity raise

    Things just keep getting better for British Telecom. The fixed line incumbent’s shares soared 4.5% on Thursday after it announced final details of its £12.5bn takeover of EE, the UK’s largest and most advanced mobile phone company.

    • 05 Feb 2015
  • Red-hot demand for $1.6bn HDFC shares

    HDFC Bank was set to price a blockbuster Rp100bn ($1.6bn) trade on the evening of February 5, with bankers expecting investors to fork out money at the tightest possible discount for the second Indian ECM transaction of more than $1bn to hit the market in the past week.

    • 05 Feb 2015
  • Roaring finish for Coal India $3.7bn block

    Coal India completed one of the country's largest ECM deals on January 30 with a Rp226.13bn ($3.68bn) divestment of part of the government’s stake. Bankers lauded the trade, which had been two years in the making, and believe it will keep the momentum going for several more share sales that are due to hit the market before India ends its fiscal year in March.

    • 05 Feb 2015
  • Two 2014 IPOs return as B&M Retail block flies, Anima also traded

    Clayton Dubilier & Rice launched a highly successful block trade in B&M Retail, the UK discount retailer, this evening. By 6.30pm the trade had been increased from 100m shares to 120m, and was set to be priced at the day’s closing price, making the block worth £384m.

    • 03 Feb 2015
  • Anticipation running high for HDFC's $1.6bn follow-on

    HDFC Bank’s Rp100bn ($1.62bn) share sale looks poised to be a roaring success even though the deal has yet to formally launch, with bankers on the trade saying they already have enough visibility to take the book to multiple times covered.

    • 03 Feb 2015
  • Coal India buoys India ECM with $3.7bn sale

    India played host to one of its largest ever ECM transactions last Friday when Coal India completed a Rp226.13bn ($3.68bn) divestment of the government’s stake in a deal that has been two years in the making. Bankers lauded the trade and believe it will keep the momentum going for several more share sales to hit the market before India ends its fiscal year in March.

    • 02 Feb 2015
  • HDFC awaits cabinet approval for $1.6bn share sale

    India’s HDFC Bank could launch a Rp100bn ($1.62bn) share sale soon to bolster its capital position once it secures all the regulatory approvals.

    • 02 Feb 2015

All International Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 92.59 388 8.96%
2 Citi 85.30 278 8.25%
3 BofA Securities 63.15 265 6.11%
4 Barclays 58.01 223 5.61%
5 Deutsche Bank 55.74 184 5.39%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 60.87 123 14.06%
2 Credit Agricole CIB 28.59 93 6.60%
3 Santander 25.41 90 5.87%
4 JPMorgan 23.88 61 5.52%
5 UniCredit 21.51 103 4.97%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 2.07 11 10.42%
2 BofA Securities 1.40 6 7.01%
3 Citi 1.37 7 6.87%
4 Morgan Stanley 1.36 6 6.85%
5 JPMorgan 1.31 7 6.59%