Top story
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StanChart picks new head of syndicate, and heads of DCM of west and east
Standard Chartered has appointed a new head of syndicate, as well as a new head of DCM West and DCM East.
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Buy-backs pitched to troubled Turkish banks
EM bond investors are watching Turkish banks closely as some have heavy maturities falling due in the next year and capital ratios are being battered by the huge drop in the lira. But DCM bankers are telling these issuers that the lower levels may mean there are opportunities for buy-backs.
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Sanctions future holds key for domestic bound Gazprom
Gazprom may have stepped away from the international capital markets but its liquidity position remains strong enough to keep it afloat for the foreseeable future, provided the diplomatic situation between Russia and the US does not worsen.
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Emirates Airlines loan syndication takes flight
Dubai’s Emirates Airlines is syndicating a 12 year loan, less than six months after wooing bond investors to print a sukuk inside fair value.
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Ferrexpo reloads bigger revolver
Iron ore firm Ferrexpo has more than doubled the size of its revolving pre export finance facility to $400m and has extended the maturity by an extra year, but lenders say Ukraine’s loan market remains only partially open.
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Mayhem in EM as Turkey crashes
Good old fashioned contagion has led the worsening situation in the Turkish market battering the rest of emerging markets this week as a plummeting lira and spiking Turkish CDS levels spooked buyers across CEEMEA and Latin America. Even western Europe has been feeling the heat as investors start to fret about Turkish exposure.
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Sell-off dampens Lat Am September hopes
A broad emerging markets sell-off triggered by worries over Turkey's economic future could spoil what should be a busy September for Latin America primary markets, fear DCM bankers.
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Erdogan’s Turkey a warning for Brexit Britain
Markets don’t like governments engaging in unnecessary economic self-harm, and after numerous warnings and cautions on its unsustainable economic policies, investors are now abandoning Turkey —Brexit Britain should beware.
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HSBC loses head of EMEA sustainable bonds
HSBC’s head of sustainable bonds, EMEA debt capital markets, has left the bank.
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Details emerge on $300m Petrofac loan financing
The UK’s Petrofac has turned to bilateral financing to reduce its reliance on its existing revolving credit facility, with three banks providing the oil and gas services company with separate credit lines.
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Turkey exposes European stocks over manic 48 hours
Two days of market chaos caused by the rapid devaluation of Turkey’s currency on Friday and Monday hit the shares of European companies over their exposure to the country, but the risk of a systemic crisis is low.
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
-
Erdogan’s Turkey a warning for Brexit Britain
Markets don’t like governments engaging in unnecessary economic self-harm, and after numerous warnings and cautions on its unsustainable economic policies, investors are now abandoning Turkey —Brexit Britain should beware.
Bookrunners of International Emerging Market DCM
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Citi | 37,598.23 | 170 | 9.48% |
| 2 | HSBC | 34,028.88 | 217 | 8.58% |
| 3 | JPMorgan | 26,223.43 | 127 | 6.62% |
| 4 | Standard Chartered Bank | 24,070.02 | 150 | 6.07% |
| 5 | Deutsche Bank | 21,898.85 | 77 | 5.52% |
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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 | 37,598.23 | 170 | 9.48% |
| 2 | HSBC | 34,028.88 | 217 | 8.58% |
| 3 | JPMorgan | 26,223.43 | 127 | 6.62% |
| 4 | Standard Chartered Bank | 24,070.02 | 150 | 6.07% |
| 5 | Deutsche Bank | 21,898.85 | 77 | 5.52% |
Bookrunners of LatAm Emerging Market DCM
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Citi | 11,343.89 | 36 | 17.74% |
| 2 | HSBC | 7,749.23 | 19 | 12.12% |
| 3 | JPMorgan | 6,116.80 | 30 | 9.57% |
| 4 | Deutsche Bank | 5,950.19 | 7 | 9.31% |
| 5 | Bank of America Merrill Lynch | 4,165.66 | 17 | 6.51% |
Bookrunners of CEEMEA International Bonds
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Citi | 14,691.58 | 46 | 11.05% |
| 2 | Standard Chartered Bank | 13,765.00 | 47 | 10.35% |
| 3 | JPMorgan | 11,619.88 | 47 | 8.74% |
| 4 | Deutsche Bank | 11,156.18 | 26 | 8.39% |
| 5 | HSBC | 9,244.84 | 41 | 6.95% |
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 | 4,103.45 | 23 | 14.66% |
| 2 | ING | 2,532.09 | 20 | 9.04% |
| 3 | Credit Agricole CIB | 2,151.31 | 8 | 7.68% |
| 4 | MUFG | 1,818.52 | 8 | 6.50% |
| 5 | Credit Suisse | 1,802.80 | 1 | 6.44% |
Bookrunners of India DCM
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | AXIS Bank | 5,175.29 | 96 | 22.21% |
| 2 | HDFC Bank | 2,885.24 | 60 | 12.38% |
| 3 | Trust Investment Advisors | 2,641.11 | 83 | 11.34% |
| 4 | ICICI Bank | 1,804.53 | 61 | 7.75% |
| 5 | AK Capital Services Ltd | 1,546.74 | 70 | 6.64% |
