Top story

  • ECM looks beyond SA for Africa IPO opportunities

    Equity investors and bankers are hoping African deals will bolster emerging market issuance figures this year, but a change in fortunes for South Africa could mean deals will have to come from other countries on the continent.

    • 04:00 PM

  • Covered bonds lift off as demand soars

    A €5bn wall of demand chased a trio covered bonds issued on Monday by Société Générale, PKO Hypoteczny and Deutsche Pfandbriefbank and showed that, after a shaky start to 2019, the market has now found form.

    • 02:00 PM
  • Qatar offers Lebanon lifeline

    Qatar plans to buy $500m of Lebanese government bonds, providing the beleaguered country with a a reprieve from its bond market woes.

    • 12:30 PM
  • Slim EM M&A pipeline threatens to dash loans bankers' hopes

    Loans bankers and analysts agree that corporate mergers and acquisitions are the keys to the growth of their business, but the pipeline for the year ahead in emerging markets is far from promising.

    • 11:45 AM
  • Mexican lender to provide post-sovereign HY test

    Non-bank lender Crédito Real will show how far investor appetite for Mexican risk stretches as it looks to become the first sub-investment grade borrower from the country to issue in international bond markets in nine months.

    • 04:15 AM
  • New debt chief sells Mexico as market-friendly after bond blow-out

    Mexico’s new head of public credit, Gabriel Yorio, has told GlobalCapital investors were receptive to the government’s messages, after it received hefty demand for its first bond issue since Andrés Manuel López Obrador took office as president on December 1.

    • 18 Jan 2019
  • Bondholders accept Digicel swap but challenges linger

    Caribbean telecoms group Digicel has finally wrapped up a distressed debt exchange to avoid a potential default next year, after extended negotiations with bondholders. But Fitch warned on Monday that the move has “undermined” the group’s position with creditors.

    • 17 Jan 2019
  • Uruguay reaps benefits of reopening Lat Am

    Uruguay said that the government had covered nearly all of its debt maturities for 2019 after the sovereign became the first issuer from Latin America to tap international bond markets this year.

    • 17 Jan 2019
  • Voto Cimentos plots bond buy-back

    Brazilian building materials company Votorantim Cimentos is looking to buy back up to $650m of outstanding bonds using funds that its parent company is set to receive from the sale of its stake in pulp and paper company Fibria.

    • 17 Jan 2019
  • Lat Am storms into life as Mexico, Uruguay fetch big books

    Latin American bond bankers were urging issuers to head to market on Thursday after Mexico and Uruguay emphatically showed there was strong appetite for new paper.

    • 17 Jan 2019
  • Road to repo beckons for Ghana after TRS trade

    Ghanaian banks’ avenues for dollar funding could be set to grow, after one of the country’s financial institutions entered into a total return swap with Société Générale that soothed over bottlenecks in its repo markets.

    • 17 Jan 2019


The GlobalCapital View logo   Comment




  • Mexcat: where tender intentions mean more than turbulent discussions

    Bondholders were never going to be satisfied with Mexico’s new government after it cancelled the airport project in which they’d invested $6bn. But though the issuer’s tender offer and consent solicitation is unlikely to be the administration’s last squabble with markets, it is still a good sign.

    • 13 Dec 2018

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Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 3,705.23 12 10.62%
2 Citi 3,698.70 16 10.60%
3 HSBC 3,448.17 16 9.88%
4 BNP Paribas 2,961.10 5 8.49%
5 Barclays 2,042.22 4 5.85%

Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 3,705.23 12 10.62%
2 Citi 3,698.70 16 10.60%
3 HSBC 3,448.17 16 9.88%
4 BNP Paribas 2,961.10 5 8.49%
5 Barclays 2,042.22 4 5.85%

Bookrunners of LatAm Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 662.55 1 20.53%
1 Barclays 662.55 1 20.53%
1 Bank of America Merrill Lynch 662.55 1 20.53%
4 Scotiabank 413.44 1 12.81%
4 JPMorgan 413.44 1 12.81%

Bookrunners of CEEMEA International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 2,712.17 3 16.56%
2 JPMorgan 2,290.37 4 13.99%
3 Citi 2,279.79 4 13.92%
4 HSBC 1,890.25 4 11.54%
5 Saudi National Commercial Bank 1,604.15 2 9.80%

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 5,496.41 35 13.64%
2 ING 3,270.62 26 8.11%
3 Credit Agricole CIB 2,586.69 11 6.42%
4 SG Corporate & Investment Banking 2,315.39 17 5.74%
5 MUFG 2,167.80 12 5.38%

Bookrunners of India DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 State Bank of India 413.47 3 15.63%
1 Standard Chartered Bank 413.47 3 15.63%
1 Citi 413.47 3 15.63%
4 DBS 263.05 2 9.94%
5 Barclays 233.66 2 8.83%