Top story
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BNPP loses third EM salesperson
A third member of BNP Paribas’s emerging markets bond sales and trading team has left the bank.
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Cometa drops on break as Lat Am gets tough
Latin America’s only new issue of the week was down in the grey market on Thursday, despite investors singing the praises of the credit as bankers said the region’s bond markets were struggling to gain momentum in the face of bulging pipeline.
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Argentines line up to break corp drought
Three Argentine companies are preparing off-shore bond issues and others continue to approve bond shelves as a near three month break in new issue activity from the country could soon come to an end.
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EPIF finds IG demand with market debut
EPIF Infrastructure, a European energy infrastructure utility, raised €750m with its market debut on Thursday.
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Green shoots of hope appear in Russian bond investing
With the shock of the latest round of Russian sanctions receding a little, EM investors are already seeking out the opportunities that last week’s volatility created. Even one holder of the sanctioned and problematic Rusal debt said he has increased his exposure to Sberbank.
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Ramaphosa rally restores good hope to the Cape
South Africa is already bearing the fruits of Cyril Ramaphosa’s two month tenure as president. Renewed buoyancy is fuelling business confidence, driving down asset prices, and supporting a strong pipeline of capital markets activity in both debt and equity, write Virginia Furness and Sam Kerr.
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Barclays Africa, FirstRand bring first tier twos
Barclays Africa Group made full use of the positive momentum that followed fellow South African bank FirstRand’s dollar tier two to price its own deal with a lower yield this week, despite investors initially asking for a pick up over FirstRand.
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BNPP EM sales and traders poached
Two banks have poached members of BNP Paribas’ emerging markets sales and trading team.
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Ronesans offers cheap pricing versus Turkish corps
Turkish real estate developer Ronesans Gayrimenkul Yatirim has released initial price guidance on its benchmark five year bond, which a rival syndicate has called wide but a lead said was the pick-up investors are demanding over Turkish international corporates.
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EPIF releases initial pricing
EPIF Infrastructure, has released initial price guidance for a six year fixed rate euro benchmark.
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Rockhopper drills close to Falklands funding
Emerging markets-focused oil company Rockhopper Exploration is on the cusp of appointing a commercial bank to lead an export credit agency-backed loan facility to develop a project off the Falkland Islands.
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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Market right to fear more Russia sanctions despite delay
The Trump administration’s decision not to announce new sanctions against Russia on Monday is unlikely to be the end of the sanctions saga, with designations having been proven to be the US's most effective weapon against Russia.
Bookrunners of International Emerging Market DCM
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Citi | 29,595.69 | 113 | 10.44% |
| 2 | HSBC | 25,989.25 | 139 | 9.17% |
| 3 | JPMorgan | 18,135.25 | 82 | 6.40% |
| 4 | Standard Chartered Bank | 18,029.10 | 102 | 6.36% |
| 5 | Deutsche Bank | 17,407.90 | 53 | 6.14% |
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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 | 29,595.69 | 113 | 10.44% |
| 2 | HSBC | 25,989.25 | 139 | 9.17% |
| 3 | JPMorgan | 18,135.25 | 82 | 6.40% |
| 4 | Standard Chartered Bank | 18,029.10 | 102 | 6.36% |
| 5 | Deutsche Bank | 17,407.90 | 53 | 6.14% |
Bookrunners of LatAm Emerging Market DCM
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Citi | 10,109.30 | 26 | 19.45% |
| 2 | HSBC | 6,849.02 | 14 | 13.18% |
| 3 | JPMorgan | 5,108.30 | 19 | 9.83% |
| 4 | Deutsche Bank | 4,741.51 | 4 | 9.12% |
| 5 | Bank of America Merrill Lynch | 3,930.95 | 15 | 7.56% |
Bookrunners of CEEMEA International Bonds
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Citi | 12,142.05 | 36 | 11.30% |
| 2 | Standard Chartered Bank | 11,153.21 | 33 | 10.38% |
| 3 | Deutsche Bank | 8,592.19 | 17 | 7.99% |
| 4 | HSBC | 8,281.68 | 31 | 7.71% |
| 5 | JPMorgan | 8,245.70 | 31 | 7.67% |
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 | 1,287.73 | 4 | 20.97% |
| 1 | Intesa Sanpaolo SpA | 1,287.73 | 4 | 20.97% |
| 3 | Mitsubishi UFJ Financial Group | 737.00 | 2 | 12.00% |
| 4 | Deutsche Bank | 574.45 | 4 | 9.35% |
| 5 | KA Finanz AG | 331.88 | 2 | 5.40% |
Bookrunners of India DCM
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | AXIS Bank | 3,829.20 | 65 | 23.24% |
| 2 | Trust Investment Advisors | 2,012.31 | 51 | 12.21% |
| 3 | HDFC Bank | 1,627.98 | 30 | 9.88% |
| 4 | ICICI Bank | 1,242.43 | 43 | 7.54% |
| 5 | Yes Bank Ltd | 1,067.50 | 11 | 6.48% |
