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GlobalCapital Bond Awards 2018: the winners revealed
GlobalCapital has announced the winners of its Bond Awards 2018: the brightest and best performers in the international bond markets in the past year. As in previous years, the Awards are entirely the result of a poll of market participants, and as such reflect the opinion of the market. GlobalCapital congratulates all the winners and nominees.
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EC told to tread slowly on complex green Taxonomy
The European Commission will adopt its first Sustainable Finance Package on Thursday — draft laws that will begin to implement its strategy in this area. 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.
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Loan market KYC checks ‘drastically’ reduced
The syndicated loan market could see the amount of Know Your Customer (KYC) checks cut down “drastically” in some areas of the deal process, after the UK money laundering prevention trade body published a Loan Market Association-drafted update to its guidance on the topic.
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EM investors take back seat
Conviction levels are low among emerging market investors with many waiting on the sidelines this week as geopolitical risk and local currency weakness persist in wreaking havoc on EM bonds.
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Latvia offers spread pick-up in soft market
Republic of Latvia was on track to print its new dual tranche euro-offering on Wednesday, though soft markets meant that it was offering a 7bp-10bp new issue concession at the final spread.
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BGK back with spreads set for seven and 12 year euros
Bank Gospodarstwa Krajowego (BGK), Poland's state development bank, has set the reoffer spreads for its seven and 12 year euro bonds. Combined books are in excess of €800m, evenly split between the tranches.
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The silence of the Lat Am feared despite oil company bond hunt
Latin America syndicate bankers are dreading a moribund primary bond market this week despite the fact there are borrowers interested in issuing.
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Investors see no improvement in Venezuela post-election
Nicolás Maduro’s comfortable and predicted victory in Sunday’s highly-questioned presidential elections in Venezuela have strengthened the president’s grip on power and reaffirmed the view of many bondholders that improvements in the crisis-stricken country are some way off.
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DB crowns new head of EM debt trading
Deutsche Bank has picked a new head of emerging market debt trading to replace Sean Bates, who is leaving the bank, according to an internal memo seen by GlobalCapital.
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New UK sanctions recommendations 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.
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Big demand for Aspen loan hints at deal drought ahead
South Africa’s Aspen Pharmacare has signed syndicated loans totalling around €3.4bn-equivalent, in a deal that saw the sort of chunky oversubscription that lenders say will be commonplace throughout the year, because of lack of supply.
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
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Comment
-
New UK sanctions recommendations 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.
Bookrunners of International Emerging Market DCM
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Citi | 32,823.43 | 135 | 10.10% |
| 2 | HSBC | 28,197.09 | 159 | 8.67% |
| 3 | Deutsche Bank | 20,825.05 | 67 | 6.41% |
| 4 | JPMorgan | 20,809.97 | 99 | 6.40% |
| 5 | Standard Chartered Bank | 20,205.30 | 119 | 6.21% |
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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 | 32,823.43 | 135 | 10.10% |
| 2 | HSBC | 28,197.09 | 159 | 8.67% |
| 3 | Deutsche Bank | 20,825.05 | 67 | 6.41% |
| 4 | JPMorgan | 20,809.97 | 99 | 6.40% |
| 5 | Standard Chartered Bank | 20,205.30 | 119 | 6.21% |
Bookrunners of LatAm Emerging Market DCM
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Citi | 10,818.85 | 32 | 18.05% |
| 2 | HSBC | 7,273.68 | 16 | 12.14% |
| 3 | Deutsche Bank | 5,824.56 | 6 | 9.72% |
| 4 | JPMorgan | 5,513.13 | 24 | 9.20% |
| 5 | Bank of America Merrill Lynch | 3,930.95 | 15 | 6.56% |
Bookrunners of CEEMEA International Bonds
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Citi | 12,976.07 | 40 | 10.92% |
| 2 | Standard Chartered Bank | 12,032.10 | 39 | 10.13% |
| 3 | Deutsche Bank | 10,517.97 | 22 | 8.85% |
| 4 | JPMorgan | 9,819.86 | 38 | 8.27% |
| 5 | HSBC | 8,377.16 | 35 | 7.05% |
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 | 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 % |
|---|---|---|---|---|
| 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% |
