Top story
-
Ophir grows RBL facility
UK-listed Ophir Energy has amended and extended its reserves based lending facility, as a surge of end of year deals continue to work their way through the market.
-
Opposing Mexcat bondholders reach more than 50% of total debt
A group of bondholders publicly opposing the proposal by Mexico City Airport Trust (Mexcat) to amend documentation in its bond documents now represents over half the issuer’s debt, according to the law firm representing them.
-
Lat Am rising star edges closer to IG
Paraguay wasp once again the rare consistent provider of good news for Latin America bond markets this week when it earned a credit rating upgrade from Fitch that puts it just one notch off investment grade status with three of the major rating agencies.
-
EM investors watching central banks for 2019 guidance
While political troubles are brewing in the UK, emerging markets investors have their sites fixed on central banks around the world, hoping for guidance on the trajectory of rates next year.
-
Alpha Bank targets first ever Romanian covered bond in early 2019
Alpha Bank Romania is preparing to sell a new deal in euros in the first quarter of 2019, in what would be the first ever issuance of covered bonds from the country.
-
Turkey goes ahead with ‘perplexing’ MBS offering
Turkey pushed on with plans to raise TL3.15bn ($590m) through a securitization of mortgages, completing the deal but causing on-looking bankers to scratch their heads at the rationale.
-
Mexcat tender is a messy start, but it is a start
Mexico City airport bondholders are right to turn their noses up at attempts to modify documentation. But though the issuer’s offer will not be the new government’s last squabble with markets, it is still a good sign.
-
Tanzanian solar company ZOLA lands RCF
ZOLA Electric, formerly Off Grid Electric, has raised a $32.5m credit facility with development bank, FMO, and investment firm, Symbiotics.
-
Market split over Opec+ decision to cut production
Opec+, the oil producing countries' cartel and its non-member oil producing allies, decided on Friday to cut oil production by 1.2m barrels a day, sending the Brent crude price up 5%. Market participants are evaluating the potential impacts on capital markets and international relations.
-
Thirteen sovereigns face first redemptions as refi costs rise
Thirteen emerging market sovereigns will face their first bond market redemptions over the next seven years and, with financing conditions set to become more difficult, market participants are watching them carefully.
-
Peru’s Pacasmayo exceeds bond buy-back target
Peruvian cement company Cementos Pacasmayo will buy back more than half its dollar bonds after an oversubscribed tender offer.
Go to GlobalCapital's Emerging Markets data pages for the latest information on priced deals, league tables and our proprietary database of Islamic Finance deals.
People & Markets
Asia
CEE
Middle East
Africa
Latin America
Comment
-
Mexcat tender is a messy start, but it is a start
Mexico City airport bondholders are right to turn their noses up at attempts to modify documentation. But though the issuer’s offer will not be the new government’s last squabble with markets, it is still a good sign.
Bookrunners of International Emerging Market DCM
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Citi | 51,204.18 | 246 | 9.23% |
| 2 | HSBC | 46,134.97 | 326 | 8.31% |
| 3 | JPMorgan | 35,897.42 | 180 | 6.47% |
| 4 | Standard Chartered Bank | 32,680.85 | 231 | 5.89% |
| 5 | Deutsche Bank | 26,572.36 | 107 | 4.79% |
Want full access to GlobalCapital?
If you are new to GlobalCapital or you already subscribe to some of our channels you can still easily extend your access.
Take a trial to the entire site or subscribe online to see all our capital markets news, opinion and data sets.
Don't miss out!
Free trial
Latest Issue
Read the magazine on your mobile device
Bank Profiles
Latest news by market and league table performance
Bookrunners of International Emerging Market DCM
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Citi | 51,204.18 | 246 | 9.23% |
| 2 | HSBC | 46,134.97 | 326 | 8.31% |
| 3 | JPMorgan | 35,897.42 | 180 | 6.47% |
| 4 | Standard Chartered Bank | 32,680.85 | 231 | 5.89% |
| 5 | Deutsche Bank | 26,572.36 | 107 | 4.79% |
Bookrunners of LatAm Emerging Market DCM
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Citi | 13,465.23 | 42 | 17.19% |
| 2 | JPMorgan | 8,653.71 | 36 | 11.05% |
| 3 | HSBC | 8,624.00 | 21 | 11.01% |
| 4 | Deutsche Bank | 6,487.13 | 9 | 8.28% |
| 5 | Bank of America Merrill Lynch | 4,602.16 | 22 | 5.88% |
Bookrunners of CEEMEA International Bonds
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Citi | 20,532.59 | 68 | 11.75% |
| 2 | Standard Chartered Bank | 16,852.57 | 68 | 9.64% |
| 3 | JPMorgan | 15,393.82 | 66 | 8.81% |
| 4 | Deutsche Bank | 13,178.93 | 35 | 7.54% |
| 5 | HSBC | 12,764.69 | 58 | 7.31% |
EMEA M&A Revenue
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | JPMorgan | 195.08 | 50 | 10.55% |
| 2 | Goldman Sachs | 162.26 | 37 | 8.77% |
| 3 | Morgan Stanley | 141.22 | 46 | 7.64% |
| 4 | Bank of America Merrill Lynch | 114.20 | 33 | 6.18% |
| 5 | Citi | 95.36 | 35 | 5.16% |
Bookrunners of Central and Eastern Europe: Loans
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | UniCredit | 4,828.44 | 30 | 12.94% |
| 2 | ING | 3,270.62 | 26 | 8.76% |
| 3 | Credit Agricole CIB | 2,380.34 | 10 | 6.38% |
| 4 | SG Corporate & Investment Banking | 2,174.84 | 16 | 5.83% |
| 5 | MUFG | 2,061.27 | 11 | 5.52% |
Bookrunners of India DCM
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | AXIS Bank | 6,262.97 | 112 | 22.51% |
| 2 | HDFC Bank | 3,031.20 | 67 | 10.90% |
| 3 | Trust Investment Advisors | 2,793.32 | 96 | 10.04% |
| 4 | AK Capital Services Ltd | 1,915.50 | 83 | 6.89% |
| 5 | ICICI Bank | 1,863.14 | 64 | 6.70% |
