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  • Venezuela debt steady despite no election hope

    Nicolás Maduro’s comfortable and predicted victory in Sunday’s highly questioned presidential elections in Venezuela has reaffirmed the view of many bondholders that improvements in the crisis-stricken country are some way off.

    • 24 May 2018

  • Peruvian proves generous on bond hunt

    Hunt Oil Company of Peru on Thursday sold the largest dollar-denominated bond deal from a Latin American issuer this month. Syndicate bankers took the deal as a positive even though investors said the issuer had been generous with pricing.

    • 24 May 2018
  • CAF stays in Colombia for green debut

    South American development bank CAF (Corporación Andina de Fomento) sold its first ever green bond this week, raising Ps150bn ($52.2m) of Colombian peso-denominated bonds.

    • 24 May 2018
  • Petrobras launches tender before curve sells off

    Petrobras yet again asked certain bondholders to reduce their exposure to the company via a tender offer this week — and a sell-off in the Brazilian company’s bonds, after it announced a temporary cut in diesel prices, is likely to help the cause.

    • 24 May 2018
  • The Pained Trader: Istanbul bizarre

    The Pained Trader copes with a currency crisis.

    • 24 May 2018
  • Fleeting relief for lira after CBRT rate rise fails to instil confidence

    Turkey’s central bank stepped in on Wednesday to stem the collapse of its currency, delivering an emergency 300bp increase, but market commentators deemed the move too little, too late, saying investors' confidence in the bank remained impaired.

    • 24 May 2018
  • World Bank pandemic bond in focus after disease outbreaks

    The World Bank’s pandemic bond, launched last June, was innovative in its coverage and objectives. Therefore the recent potential trigger events after outbreaks of Lassa Fever in Nigeria and of Ebola in the Democratic Republic of Congo offer valuable new insight into how the product functions.

    • 24 May 2018
  • BGK limps over the line in volatile market

    Bank Gospodarstwa Krajowego (BGK), Poland's state development bank, printed its dual tranche euro bond on Wednesday in a tough market that allowed for no tightening from initial price guidance and book that was only just covered.

    • 24 May 2018
  • EU told to go slow on tricky green finance Taxonomy

    The European Commission adopted its first Sustainable Finance package on Thursday — draft laws that will begin to implement its strategy. The proposals have been changed at the request of an internal EC committee, to make them more workable, especially when it comes to the planned Taxonomy of green and sustainable activities.

    • 24 May 2018
  • Israel Chemicals prints rare 20 year in tough market

    Israel Chemicals navigated a difficult market, which saw a pulled investment grade deal, to print a rare 20 year bond combined with a buy-back.

    • 24 May 2018
  • mBank prints in Swiss francs, mood begins to change

    Polish financial institution mBank has returned to the Swiss franc bond market. Like many sold in the past few weeks, the bonds were priced at the wider end of guidance — a sign that the market is returning to more conventional spread levels, and investors are expecting higher returns.

    • 24 May 2018


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  • New UK sanction ideas on Russia are toothless

    The UK's foreign affairs committee report, released on Monday, holds the US Treasury’s sanctions strategy in high regard, because of the immediate impact on financial markets. But it misunderstands the reason for the US-driven sell-off, and so its recommendations are faulty as well.

    • 22 May 2018

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Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 33,334.77 139 10.05%
2 HSBC 28,431.40 162 8.57%
3 JPMorgan 21,769.41 104 6.56%
4 Deutsche Bank 21,060.01 68 6.35%
5 Standard Chartered Bank 20,086.33 120 6.05%

Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 33,334.77 139 10.05%
2 HSBC 28,431.40 162 8.57%
3 JPMorgan 21,769.41 104 6.56%
4 Deutsche Bank 21,060.01 68 6.35%
5 Standard Chartered Bank 20,086.33 120 6.05%

Bookrunners of LatAm Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 10,967.70 33 18.12%
2 HSBC 7,273.68 16 12.02%
3 Deutsche Bank 5,824.56 6 9.62%
4 JPMorgan 5,661.98 25 9.35%
5 Bank of America Merrill Lynch 4,079.80 16 6.74%

Bookrunners of CEEMEA International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 13,239.21 41 10.90%
2 Standard Chartered Bank 12,126.28 40 9.98%
3 Deutsche Bank 10,752.93 23 8.85%
4 JPMorgan 10,317.96 40 8.50%
5 HSBC 8,762.12 37 7.21%

EMEA M&A Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 May 2016
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 %
  • Last updated
  • Today
1 UniCredit 1,573.44 7 15.78%
2 Intesa Sanpaolo SpA 1,287.73 4 12.91%
3 Mitsubishi UFJ Financial Group 889.90 4 8.92%
4 Deutsche Bank 727.35 6 7.29%
5 Commerzbank Group 528.80 5 5.30%

Bookrunners of India DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 AXIS Bank 4,462.75 70 25.37%
2 Trust Investment Advisors 2,016.80 52 11.46%
3 HDFC Bank 2,009.66 35 11.42%
4 ICICI Bank 1,242.43 43 7.06%
5 Yes Bank Ltd 1,067.50 11 6.07%