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Sharjah Islamic Bank gets huge demand for debut AT1
The order book for Sharjah Islamic Bank’s $500m perpetual non-call six year has exceeded $5bn as investors pile into the first benchmark from the region since the end of May.
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BBK expects strong demand for dollar return
The Bank of Bahrain and Kuwait has picked banks for a dollar benchmark, following a roadshow.
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United Arab Bank raises dollars from local and European banks
Sharjah-based United Arab Bank (UAB) has raised a $195m loan from a consortium of local and European banks, as borrowers in the region continue to diversify their portfolios with international lenders.
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Trio keeps covereds active as UniCredit debuts in dollars
UniCredit AG was poised to issue its first dollar Pfandbrief on Tuesday, shortly after Dekabank had quickly wrapped up a sub-benchmark eight year. The two deals followed an inaugural sub-benchmark seven year from Slovakia’s Tatra Banka that was priced on Monday.
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Absa nears end of syndication as pricing compresses
South Africa's Absa Bank is expected to close its loan syndication by the end of this week, as an abundance of liquidity in the loan market as well as healthy investor appetite for bank debt causes pricing compression.
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Lat Am’s biggest REIT could continue Mexico run on Tuesday
Fibra Uno, the largest and most diversified real estate operator in Latin America according to Fitch, could price a new dollar deal as soon as Tuesday.
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CAF notches education bond via PP
South American development bank CAF (Corporación Andina de Fomento) has raised $140m of 10 year debt via a private placement that will be used to fund education projects, GlobalCapital understands.
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YPF return impresses but unlikely to trigger Argie flow
State-owned Argentine oil and gas company YPF became the first borrower from the country to tap international bond markets in 14 months on Monday. Yet despite a healthy reception from investors, bankers do not expect copycat trades from other Argentine issuers.
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Erdogan’s Istanbul defeat could open issuance window for Turkish borrowers
Investors gained confidence from the defeat of Turkey's ruling AK Party in the rerun of the Istanbul municipal elections on Sunday. Asset prices have rallied, creating an opportunity for Turkish borrowers to access the market.
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CEE's CTP consolidates debt in jumbo real estate financing
CTP, a commercial real estate developer based in Czech Republic, has signed a €1.9bn loan in one of the largest real estate packages to enter the syndicated loans market in central and eastern Europe ever.
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Cielo buy-back gets sky-high response
Cielo, the largest merchant acquiring and payment processing company in Brazil, on Friday wrapped up a consent solicitation and bond buy-back for its global 2022s that will effectively split the note in two.
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.
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Comment
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Moody’s gives Turkey’s lenders a scapegoat
Banks pride themselves on analysing and pricing credit. But are they really just slaves to the rating agencies?
Bookrunners of International Emerging Market DCM
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Citi | 26,693.63 | 150 | 7.62% |
| 2 | JPMorgan | 26,522.59 | 126 | 7.57% |
| 3 | HSBC | 25,471.04 | 203 | 7.27% |
| 4 | Standard Chartered Bank | 19,320.18 | 143 | 5.52% |
| 5 | BNP Paribas | 13,314.75 | 76 | 3.80% |
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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 | 26,693.63 | 150 | 7.62% |
| 2 | JPMorgan | 26,522.59 | 126 | 7.57% |
| 3 | HSBC | 25,471.04 | 203 | 7.27% |
| 4 | Standard Chartered Bank | 19,320.18 | 143 | 5.52% |
| 5 | BNP Paribas | 13,314.75 | 76 | 3.80% |
Bookrunners of LatAm Emerging Market DCM
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Citi | 5,310.76 | 19 | 11.68% |
| 2 | Bank of America Merrill Lynch | 4,685.57 | 18 | 10.30% |
| 3 | JPMorgan | 4,420.14 | 17 | 9.72% |
| 4 | Santander | 4,058.91 | 18 | 8.93% |
| 5 | Morgan Stanley | 3,743.80 | 11 | 8.23% |
Bookrunners of CEEMEA International Bonds
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | JPMorgan | 14,459.69 | 48 | 13.43% |
| 2 | Citi | 11,738.06 | 42 | 10.90% |
| 3 | Standard Chartered Bank | 9,758.40 | 40 | 9.06% |
| 4 | HSBC | 6,957.06 | 34 | 6.46% |
| 5 | BNP Paribas | 6,124.26 | 18 | 5.69% |
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 | ING | 1,153.19 | 10 | 9.09% |
| 2 | UniCredit | 1,095.76 | 10 | 8.63% |
| 3 | Citi | 1,094.36 | 9 | 8.62% |
| 4 | MUFG | 1,085.56 | 8 | 8.55% |
| 5 | SG Corporate & Investment Banking | 906.15 | 11 | 7.14% |
Bookrunners of India DCM
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Standard Chartered Bank | 2,209.12 | 17 | 17.94% |
| 2 | HSBC | 1,230.21 | 14 | 9.99% |
| 3 | Barclays | 1,189.89 | 12 | 9.66% |
| 4 | Citi | 1,115.60 | 14 | 9.06% |
| 5 | JPMorgan | 1,110.10 | 13 | 9.01% |
