• Afreximbank takes advantage of light supply to print $750m from healthy book

    The African Export-Import Bank sold its $750m 10 year bond on Tuesday from a book of around $3.35bn, with recent low supply from African issuers having helped drive demand for the deal.

    • 02:00 PM
  • Investors play down impact of Saudi oil attack for EM

    Last weekend’s attack on Saudi oil facilities drove up the oil price and caused a rush to safe haven assets, but investors say they expect the turbulence to be short-lived.

    • 01:30 PM
  • STLC joins Russia flurry to offer rare state-owned credit

    Russia’s State Transport Leasing Company (STLC), is planning to add to the spree of new bonds from Russia, hitting the road to market a six or seven year dollar benchmark. The deal will be the first time a fully state-owned company has tried to tap the bond markets since the most recent round of US sanctions against the Russian sovereign in early August.

    • 12:15 PM
  • ENN Ecological rides positive sentiment for $250m tap

    Upstream oil and gas company ENN Ecological Holdings Co priced a $250m tap of a bond it sold earlier this year. The deal came after news of a share transfer that could give it effective control over sister company ENN Energy Holdings.

    • 10:45 AM
  • Twenty-five banks support Orient AMC’s $900m deal

    China Orient Asset Management Co (Orient AMC) priced an almost 10 times covered dual-tranche bond with strong backing from its lead manager consortium. The borrower went out without a keepwell deed from the onshore entity, but investors were undeterred by the structure.

    • 10:45 AM
  • BMW drives home second auto lease ABN

    Herald International Financial Leasing, a non-financial subsidiary of BMW, bagged its second Rmb2.5bn ($353m) auto lease asset-backed note on Tuesday, pricing the dual-tranche deal at the tighter ends of the price guidance range.

    • 10:15 AM
  • Strong start for AB InBev's second attempt at HK IPO

    A smaller deal size, a high-profile cornerstone investor and plenty of early engagement with investors have put Budweiser Brewing Company Apac’s second attempt at a Hong Kong IPO on solid ground.

    • 09:45 AM
  • Azure Power returns with popular green bond

    Azure Power Global pulled off an unusually large price tightening on its $350m green bond, which was buoyed by strong investor demand for a rare issuance from the Indian renewable energy sector.

    • 08:30 AM
  • Bajaj Finance stock jumps as $1.2bn QIP wins board nod

    Bajaj Finance’s share price surged on Wednesday after the Indian non-bank lender’s board of directors approved a potential billion-dollar fundraising.

    • 08:00 AM
  • Thailand, Cambodia set sights on cross-border IPOs

    Thailand and Cambodia are looking to encourage cross-border equity offerings and issuance of depositary receipts, after signing a memorandum of understanding on Tuesday.

    • 08:00 AM
  • Lai Sun Development bags HK$3.6bn green loan

    Lai Sun Development, a Hong Kong-listed property developer and investor, has sealed a hugely popular HK$3.6bn ($460m) four year green loan to finance the Hong Kong Ocean Park Marriott Hotel.

    • 07:30 AM
  • Mapletree Trust pockets S$400m from bigger placement

    Mapletree Industrial Trust raised S$400m ($290.6m) on Tuesday, becoming the latest in a growing line of trusts to tap the Singapore equity capital market.

    • 07:15 AM
  • Wolong closes €150m loan with 14 lenders

    China’s Wolong Electric Group has closed its €150m debut offshore borrowing with 14 lenders.

    • 07:00 AM
  • Voto prices at last as BRF wraps roadshow

    Brazilian lender Banco Votorantim found ample demand for a dual tranche issue on Tuesday after waiting nearly two weeks from the end of its roadshow to announce a deal. Compatriot food company BRF could now bring a deal a little quicker having concluded its own investor meetings.

    • 03:15 AM
  • Zelensky must be seen to be on the straight and narrow

    Ukraine’s wildcard new president Volodymyr Zelensky has been making all the market-friendly noises investors could wish to hear, turning the country into a darling of emerging market portfolio managers. But there’s a wasp at the picnic: one oligarch's quest to regain his former bank threatens the country's economic future.

    • 17 Sep 2019
  • Aramco: how do you discount for drones?

    It isn't often that equity investors are asked to buy assets subjected to physical attack. The drone strikes on some of Saudi Aramco's oil facilities at the weekend could well lead to them demanding a big discount for any upcoming listing. The IPO market has suffered its fair share of geopolitical tumult of late, but this deal, long and keenly anticipated, could wind up being the riskiest of them all.

    • 17 Sep 2019
  • Sibur shrugs off Saudi drone attack to print $500m

    Russian petrochemicals firm Sibur was able to print $500m of five year paper in its return to the bond market this week, brushing off news of a drone attack on Saudi oil infrastructure and a subsequent 10% jump in the oil price.

    • 17 Sep 2019
  • Privatbank troubles start to worry Ukraine investors

    Fears are growing that the Privatbank, which was nationalised in 2016 at the behest of the IMF, may be reprivatized thanks to pressure from oligarch and former owner Igor Kolomoisky. Such a move could jeopardise Ukraine’s chances of a new helping of IMF cash, and the country's bonds have sold off in response.

    • 17 Sep 2019
  • Flurry of Middle East paper hits market

    Warba Bank and Ahli Qatar are going head to head for five year Reg S dollar paper on Tuesday, with a Saudi bank and the Kingdom of Bahrain set to follow suit.

    • 17 Sep 2019
  • China reforms QFII, RQFII but leaves critical problems untouched

    China’s move to remove the quota limits on the Qualified Foreign Institutional Investor (QFII) and the Renminbi QFII schemes could help in the long-term development of the country’s financial market. But this is not nearly enough. If the regulators want to see some serious change, they need to tackle two key hurdles facing foreign investors.

    • 17 Sep 2019
  • Olam returns for $2bn club loan

    Singapore-based agriculture company Olam International has returned to the loan market for its annual refinancing.

    • 17 Sep 2019
  • Bangkok Bank saves on ‘extremely rare’ Thai tier two

    Strong demand for Bangkok Bank’s dollar-denominated Basel III-compliant tier two transaction allowed Thailand’s largest lender to sell a bigger deal at a tighter price than expected.

    • 17 Sep 2019
  • Keppel DC Reit nets S$235m from stock issue

    Keppel DC Real Estate Investment Trust priced a placement of new units at the top of guidance, raising S$235.4m ($171.3m) for the purchase of two data centres in Singapore.

    • 17 Sep 2019
  • ABC Singapore lands tight 3yr FRN

    Agricultural Bank of China’s Singapore branch has sold the tightest three year floating rate note (FRN) from a big four Chinese bank, adding $500m to its coffers.

    • 17 Sep 2019
  • GCC loans wither as borrowers seduced by bonds and sukuk

    Gulf borrowers are being increasingly seduced by the attractive terms offered in bond and sukuk markets, much to the detriment of international lenders, many of whom are disgruntled by the disappointing loan volumes in the region. As banks enter the fourth quarter with unsatisfactory lending books, the trend is set to continue

    • 17 Sep 2019
  • LSE bid shows HKEX’s limitations

    The Hong Kong Exchanges and Clearing’s surprising proposition to acquire the London Stock Exchange Group last week was nothing short of bewildering. Instead of showcasing the HKEX’s ambition with such a bid, the move has only served as an embarrassing reminder of the bourse’s shortfalls.

    • 17 Sep 2019
  • Lendlease Reit builds demand for $538m Singapore listing

    Lendlease Global Commercial Real Estate Investment Trust has hit the road for its Singapore IPO as it seeks up to S$740.3m ($537.9m), according to a source close to the deal.

    • 17 Sep 2019
  • HSBC taps Lee to senior SEA job

    HSBC has named Philip Lee as vice-chairman, southeast Asia, for its global banking franchise. The position is a newly-created one as the bank seeks to beef up its presence in the region.

    • 17 Sep 2019
  • Developer Socam pulls bond after pricing mismatch

    Socam Development, a company under the Shui On Group, has decided to cancel a planned dollar bond after investors demanded more than what the issuer was willing to pay.

    • 17 Sep 2019
  • New Petrobras 10 year to surpass $4bn

    Brazilian state-owned oil and gas giant Petrobras will issue a new long 10 year of over $4bn after existing bondholders agreed to participate in an exchange offer that will see them swap old notes for a combination of cash and new paper.

    • 17 Sep 2019
  • Sibur returns to bond market, buoyed by Saudi drone strike

    The blow to oil production in the Middle East seems to have boosted demand for Russian petrochemical giant Sibur's five year dollar benchmark on Monday — the issuer’s first bond in two years.

    • 16 Sep 2019
  • Aramco banks plough on with 2019 IPO plans despite attacks

    Sources close to the listing of Saudi Aramco, the state-owned oil producer, have confirmed that they are working flat out to bring the Saudi company to market before the end of the year, despite attacks on its oil fields over the weekend.

    • 16 Sep 2019
  • Cocobod tightens up annual facility

    Ghana Cocoa Board (Cocobod) has closed its annual refinancing, securing a $1.3bn facility from a range of international lenders. The facility, Cocobod's second international borrowing this year, has tighter margins than last year's round, illustrating a healthy appetite for one of Africa's most frequent borrowers.

    • 16 Sep 2019
  • Kaspi.kz brings more EM joy to London as Brexit stalls UK domestic deals

    Kaspi.kz, the Kazakh payments group, is preparing to list global depositary receipts (GDRs) on the London Stock Exchange this autumn, as EM deals provide a brief glimmer of hope for the UK capital as Brexit volatility has killed the hopes of many UK issuers.

    • 16 Sep 2019
  • Alibaba drives Best CB debut on NYSE

    Chinese logistics company Best has sealed a $175m convertible bond, benefitting from a jumbo anchor order from Alibaba Group Holding.

    • 16 Sep 2019
  • RCom’s GCX looks to cut bond debt by $150m

    Global Cloud Xchange (GCX), a subsidiary of India’s Reliance Communications, has filed for bankruptcy protection with a US court, and plans to carry out a potential debt-to-equity swap that could reduce its bond debt by $150m.

    • 16 Sep 2019
  • Goertek makes comeback for $300m refinancing

    Chinese acoustic components maker Goertek is making a comeback to the loan market after a two-year break, and is seeking $300m for refinancing.

    • 16 Sep 2019
  • CIMB rejigs top line-up in Malaysia, Singapore

    CIMB Group has rejigged its top management team across multiple divisions and hired a new chief executive officer for its Islamic banking operation.

    • 16 Sep 2019
  • Keppel DC Reit seeks S$235m for acquisition

    Keppel DC Real Estate Investment Trust has launched a one-day sale of new units to raise up to S$235.4m ($171.3m) to fund the purchase of two Singapore properties.

    • 16 Sep 2019
  • The week in renminbi: August IP growth dips, China eases on tariffs, LSE rejects HKEX

    In this round-up, China’s industrial profit growth further declined, Chinese state media has hinted at more peacemaking gestures to the US and the London Stock Exchange (LSE) rejected the Hong Kong bourse’s acquisition offer in a strongly worded letter.

    • 16 Sep 2019
  • Indonesia’s DMDT woes spill over to bonds

    Defaults have ripped through Delta Merlin Dunia Textile (DMDT), another subsidiary of Indonesian textile company Duniatex, which missed its first dollar bond coupon last week and recently delayed payments on a loan.

    • 16 Sep 2019
  • JA Solar beams $100m borrowing

    China’s JA Solar Holdings, which was taken private last year, has returned to the offshore loan market, inviting banks to join a $100m facility.

    • 16 Sep 2019
  • Pemex comeback bonds fly as exchange launched

    Mexican state-owned oil company Pemex found plenty of follow-through demand in secondary markets as all three tranches of its $7.5bn bond issue traded up on the break.

    • 16 Sep 2019
  • Southern Copper sub to hit bond markets

    Minera México, the largest subsidiary of the Southern Copper Corporation, will hold investor meetings this week as it looks to join the slew of Mexican credits taking advantage of benevolent bond markets.

    • 16 Sep 2019
  • Take two: ESR Cayman returns for second try at HK listing

    Warehouse construction form and lessor ESR Cayman has revived plans to list in Hong Kong, three months after pulling a possible billion dollar IPO mid-roadshow.

    • 13 Sep 2019
  • BEA shrugs off weak results with $650m AT1 return

    The Bank of East Asia returned to the market with a Basel III-compliant additional tier one (AT1) deal, paying no premium despite reporting disappointing interim results for the first half of 2019 and amid the turmoil in Hong Kong SAR.

    • 13 Sep 2019
  • Hang Seng’s head of syndication leaves

    Kenny Chan, head of syndicated finance and corporate advisory at Hang Seng Bank, has left the lender, according to sources.

    • 13 Sep 2019
  • Moody’s promotes Cheong as Apac head

    Moody’s has promoted Wendy Cheong as regional head for Asia Pacific, according to a press release.

    • 13 Sep 2019
  • PLN establishes yen curve with three-tranche Samurai

    Indonesian state-owned power company PLN has diversified its funding sources. It debuted in the Samurai market, raising ¥23.2bn ($215m) from three bonds while paying a small premium over its outstanding dollar curve.

    • 13 Sep 2019
  • China market round-up: CPI inflation steadies, August credit data within expectation, Huawei mulls first onshore bond

    In this round-up, China’s consumer price index (CPI) inflation remained unchanged in August, total social financing saw steady traction and Huawei Technologies is poised to issue its first onshore bond.

    • 13 Sep 2019
  • China policy round-up: China, US extend olive branches, CSRC plots more market opening, government tightens internet censorship

    In this round-up, both China and the US offered signs of peace around trade, the China Securities Regulatory Commission (CSRC) rolled out 12 measures for further market reform and opening up, and the country’s top internet authority is tightening its control over online content.

    • 13 Sep 2019
  • AllHome launches $304m Philippine IPO roadshow

    AllHome Corp has gone live with its IPO in the Philippines, as it works with a five-strong syndicate to raise up to Ps15.8bn ($304.2m) from a mixed primary and secondary share offering.

    • 13 Sep 2019
  • SBI offers Rp27bn stake in life insurance unit

    State Bank of India is looking to raise at least Rp26.95bn ($378m) from a stake sale in SBI Life Insurance Co, receiving a flood of early demand.

    • 13 Sep 2019
  • Avianca exchange meets shareholder hopes

    Avianca took a step closer to drastically improving its liquidity profile after 86.4% of its bondholders agreed to participate in a bond exchange that could unlock up to $250m of new funding from United Airlines and the Colombian firm’s second largest shareholder, Kingsland Holdings.

    • 12 Sep 2019
  • Alpek’s slim concession continues Mexico run

    Alpek, the petrochemicals business of Mexican conglomerate Grupo Alfa, sold a $500m 10 year bond on Wednesday at the tight end of expectations to become the latest in a line of Mexican issuers to tap the primary market in September.

    • 12 Sep 2019
  • Petrobras exchange leads Brazilian LM surge

    Brazilian oil giant Petrobras is looking to push out bond maturities and reduce its debt stock with an exchange and tender offer, as companies from the country take advantage of strong market conditions to reprofile their liabilities.

    • 12 Sep 2019
  • Capital markets divided as ECB wheels out big guns once more

    There was a mixed bag of views across the capital markets after the European Central Bank unleashed a new comprehensive stimulus package on Thursday, comprising restarting net bond buying, a rate cut and a tiered deposit rate system for banks.

    • 12 Sep 2019
  • Russia eyes 2019 renminbi debut as it snubs dollars

    After several years of rumours and speculation, Russia’s long nurtured plans to issue renminbi government bonds will come to fruition in this year or in early 2020. The country will not borrow in dollars, but may borrow in euros and yuan, writes Lewis McLellan.

    • 12 Sep 2019
  • Loans in brief: September 13, 2019

    Two UK airports set to sell US private placements - Market first as Northern Irish housing association seeks US PPs - Kernel set to secure yet another facility, as EBRD continues Ukrainian push - RMB Mauritius secures loan, months after dollar debt transfer

    • 12 Sep 2019
  • IHS USD500m 7.125% Mar 24, USD800m 8% Sep 27

    • 12 Sep 2019
  • Emaar Properties USD500m 3.875% Sep 29

    • 12 Sep 2019
  • ChelPipe prints ‘one of the tightest’ ever Russian debuts

    Russian pipe manufacturer Chelyabinsk Pipe Plant on Thursday sold one of the tightest ever Russian debut bonds, according to a lead manager on the note.

    • 12 Sep 2019
  • Turkey central bank cuts repo rate

    The Turkish central bank delivered a 325bp cut to its main policy rate on Thursday. Although the move is larger than the 250bp consensus that had emerged ahead of the meeting, many analysts had been fearful that the move would be even more drastic — and the market appears to be rallying in relief.

    • 12 Sep 2019
  • AfDB postpones debut Panda bond to 2020

    The African Development Bank has delayed the issuance of its inaugural Panda bond to 2020, after previously hoping to make its debut in China’s interbank bond market this year.

    • 12 Sep 2019
  • CME targets Chinese gold with new contracts

    CME Group announced on Wednesday that it will launch new futures contracts that provide market participants with exposure to the physical Chinese gold market.

    • 12 Sep 2019
  • Pemex plots return as capital injection lifts bond prices

    Mexican oil company Pemex is set to “defend its ratings” with an imminent new issue, bond exchange and buy-back to be partially funded by a capital injection from the government.

    • 12 Sep 2019
  • MHP and ChelPipe pick up cheap dollars

    A pair of Eastern European corporate borrowers are in the market for dollar paper on Thursday, taking advantage of excellent market conditions to secure cheap funding.

    • 12 Sep 2019
  • Mexico's Alpek returns with slim concession

    Alpek, the petrochemicals business of Mexican conglomerate Grupo Alfa, sold a $500m 10 year bond on Wednesday at the tight end of expectations to become the latest in a line of Mexican issuers to tap the primary market in September.

    • 12 Sep 2019
  • Middle East borrowers find oasis of demand in hot market

    Emaar Properties showed there is a strong appetite for sukuk paper with its trade this week, joined in the market by Bank of Sharjah, which was able to raise $600m, setting the stage for a third Middle East issuer to tap the market next week.

    • 12 Sep 2019
  • EM issuers bet against optimism

    In the CEEMEA bond market several early dollar refinancing operations are underway. Investors should beware. This frenzy of activity is not just delight at the super low yields on offer. It also indicates that borrowers believe the only way for their yields is up.

    • 12 Sep 2019
  • Apicorp eyes sukuk issuance, as green bond appears on horizon

    Multilateral development bank Arab Petroleum Investments Corp (Apicorp) is eyeing up the bond market for a potential benchmark issue, while a green euro bond may also be on the cards for the Saudi-headquartered bank, according to Sherif Ayoub, chief financial officer.

    • 12 Sep 2019
  • Despite reform efforts, foreign capital still needed in Myanmar

    Myanmar has made a raft of regulatory changes to attract foreign investment, removing ownership limits and cutting red tape. But senior figures in the country admit that poor infrastructure is a major problem — and the solution requires private capital. Morgan Davis reports.

    • 12 Sep 2019
  • China’s shoe exchange is my worst nightmare

    Has any institution created more gentlemen than Captain’s Bar?

    • 12 Sep 2019
  • Korea’s SK Hynix hits the mark with tight $500m IG bond

    South Korean semiconductor manufacturer SK Hynix had to get over a number of hurdles for its $500m bond issuance, but a complicated price discovery process ended with the notes being in hot demand both in the primary and secondary markets. Addison Gong reports.

    • 12 Sep 2019
  • HKEX tempts LSE with £32bn offer despite political chaos

    Hong Kong Exchanges and Clearing’s (HKEX) surprise £31.6bn takeover bid for the London Stock Exchange Group (LSEG) is being hailed by some ECM bankers as a complementary acquisition that will bring markets in the east and west closer together. But the political fires raging in London and Hong Kong have put the proposal’s success in serious doubt, write Jonathan Breen and Aidan Gregory.

    • 12 Sep 2019
  • BMW returns for second auto lease ABN

    BMW Auto Finance (China) is planning a comeback to asset-backed notes on September 17, and will replicate the structure of its April debut in the market.

    • 12 Sep 2019
  • Tianjin LGFV prices bond a year after pulled attempt

    Chinese local government financing vehicles (LGFVs) Tianjin Binhai New Area Construction & Investment Group Co and Changde Urban Construction Investment Group Co both relied on anchor support for their dollar bonds, after recent negative headlines about the sector.

    • 12 Sep 2019
  • Investors pile into Pemex as government offers support

    Mexican state-owned oil giant Pemex emphatically showed it has access to capital markets on Thursday as it received more than $35bn of orders on the way to a $7.5bn trade that could grow as existing bondholders participate in an exchange.

    • 12 Sep 2019
  • Russia eyeing renminbi bond

    Russia is planning to issue a renminbi bond, opening up its capital markets for more Asian participation.

    • 11 Sep 2019
  • Argentina set for JPM index exclusion

    The same capital controls that have brought some calm to Argentine bond markets could lead to the exclusion of certain government notes from some JP Morgan indices, said the US bank on Tuesday.

    • 11 Sep 2019
  • Kernel set to secure yet another facility, as EBRD continues Ukrainian push

    Kernel, a Ukrainian grain and sunflower producer, is set to secure yet another credit facility, alongside an amend and extend deal it recently signed. The European Bank of Reconstruction and Development will provide up to $80m of the total $300m facility, as the development bank continues to support Ukrainian corporates.

    • 11 Sep 2019
  • Nigeria's IHS adds to long end in dual tranche refi

    IHS, the Nigerian telecom towers group, hit screens on Wednesday for a dual tranche bond. It received strong demand and the leads were able to tighten the spread and add an extra $300m to the longer tranche.

    • 11 Sep 2019
  • Armenia joins gaggle of early refi deals

    Armenia is the latest EM borrower to take advantage of rock bottom rates with a tender offer and new bond. The sovereign will tender a 2020 bond, financing the operation with a new Eurobond.

    • 11 Sep 2019
  • Price discovery in focus for SK Hynix’s IG debut

    Investors chased South Korean semiconductor manufacturer SK Hynix’s $500m bonds both in the primary and secondary markets, even though the borrower pulled off one of the largest price reductions on a deal from the country.

    • 11 Sep 2019
  • FWD Group’s $600m perp falls in secondary

    FWD Group has come to the market with yet another unusual transaction, raising $600m but seeing the bond open a whole point lower in the secondary market on Wednesday morning.

    • 11 Sep 2019
  • Asset World launches record $1.4bn Thai IPO

    Thai real estate owner and developer Asset World Corp has hit the market with a Bt41.7bn ($1.36bn) IPO, set to be the country’s largest listing by a private company, according to a term sheet seen by GlobalCapital Asia.

    • 11 Sep 2019
  • Hong Kong exchange gatecrashes LSE-Refinitiv party

    Hong Kong Exchanges and Clearing has made an unsolicited £32bn bid for the London Stock Exchange Group, a move that could torpedo the LSE’s acquisition of Refinitiv.

    • 11 Sep 2019
  • Chinese IG trio get strong investor support

    Chinese issuers Country Garden Holdings Co, Guangxi Communications Investment Group Corp and Shuifa Group, all of which have investment-grade ratings, have sold well-supported dollar bonds to investors.

    • 11 Sep 2019
  • Scrapping onshore investment limits to ‘improve’ China market

    The State Administration of Foreign Exchange (Safe) has scrapped the quota limits on two of the oldest access schemes for foreign investors to China’s onshore bond and equity markets. Bankers said the move could bring in some improvements to the way the mainland market operates, writes Rebecca Feng.

    • 11 Sep 2019
  • Henlius Biotech braves political turmoil with $477m IPO

    Shanghai Henlius Biotech launched a Hong Kong SAR listing on Wednesday, becoming the first issuer to test the market after earnings season and while protests continue to rip through the city.

    • 11 Sep 2019
  • Samson builds $120m club loan for Vietnam factory

    Furniture maker Samson Holding has closed a $120m club loan with three banks to support the construction of a new factory in Vietnam

    • 11 Sep 2019
  • Green price ratchet bonds will soon be everywhere

    The sustainability-linked bond issued by Enel on Thursday opens a new chapter in the green finance market. Anyone tempted to think this will be a freak should think again. The idea is sure to catch on.

    • 10 Sep 2019
  • Are credit ratings relevant for Turkey's banks?

    Ratings, huh. What are they good for? Absolutely nothing — at least not when push comes to shove in the financing of Turkey's banks. Moody's downgrade to the Turkish sovereign and the country's banks in June sparked concern among syndicated lenders. But as another round of refinancings begins, pricing is tightening and banks are heaping praise upon their Turkish counterparts.

    • 10 Sep 2019
  • IHS on screens for dual tranche refi

    IHS, a telecoms provider based in Nigeria, hit screens on Tuesday for a dual tranche bond. The proceeds will go to finance a tender offer of the issuer’s outstanding paper.

    • 10 Sep 2019
  • Severstal opener steels ChelPipe, Sibur

    The first deal of the September rush set an impressive bar for a rush of borrowing from its peers in the commodities sector. Russia's Severstal pulled off an $800m five year bond priced flat to its curve, achieving the lowest yield ever for a corporate from the region.

    • 10 Sep 2019
  • Warba Bank mandates for debut senior sukuk

    Kuwait's Warba Bank is embarking on a roadshow to market its first senior unsecured sukuk. The dollar five year note is expected to be printed “around the 3% mark”, according to a DCM banker on the deal.

    • 10 Sep 2019
  • Petrobras sets terms on bond exchange

    Brazilian oil giant Petrobras will continue to push out its debt maturities and reduce its outstanding stock of bonds with an exchange and tender offer that includes retiring existing notes using cash.

    • 10 Sep 2019
  • Updated: Euroclear mulls connecting overseas investors with Chinese bonds

    Euroclear Bank, a Brussels-based international securities depository, will work with China Central Depository and Clearing (CCDC) to develop a bond trading link for international investors to access Chinese domestic bonds.

    • 10 Sep 2019
  • Cathay Media, Times Neighbourhood line up HK listings

    Mainland China-based Cathay Media Group is eyeing a Hong Kong Stock Exchange IPO, filing a prospectus with the bourse this week.

    • 10 Sep 2019
  • Longfor rides S&P upgrade to price tight bond

    Chinese real estate developer Longfor Group Holdings raised $850m from a 10 year bond on Monday, taking advantage of a recent ratings upgrade that led to a rally in its secondary price.

    • 10 Sep 2019
  • ICBC achieves size and price with Greater Bay Area green bond

    Industrial and Commercial Bank of China has priced $3.15bn of green bonds in US dollars, Hong Kong dollars and offshore renminbi (CNH), achieving a number of firsts in the process.

    • 10 Sep 2019
  • Suning.com eyes $500m for Carrefour China acquisition

    Chinese home appliance retailer Suning.com is seeking a $500m term loan to support its acquisition of French supermarket company Carrefour’s mainland China business. Although there are doubts about Carrefour’s future operations, bankers are still keen to maintain a relationship with the borrower.

    • 10 Sep 2019
  • Improved market gives Wuhan a window for tap

    Wuhan Financial Holdings (Group) Co found an opportunity to return to the bond market with a $300m tap, getting strong support from its 10-member syndicate team.

    • 10 Sep 2019
  • Asia IPO rush is not a return to normal

    Asia’s IPO market burst into life this month, with issuers in Hong Kong, South Korea, Singapore and the Philippines testing investor appetite for their listings. While the resurgence is welcome after a bleak year for issuance so far, it is likely to be short lived, with a lot also resting on early movers’ performances.

    • 10 Sep 2019
  • Avic Leasing makes loan comeback with FAB at the helm

    Chinese company Avic International Leasing Co is seeking a $150m syndicated loan. It has mandated First Abu Dhabi Bank as the lead, the first time the Middle Eastern lender has bookrun a Chinese deal on a sole basis.

    • 10 Sep 2019
  • CBAM Partners hires Levilain to help euro loans launch

    CBAM Partners said it has hired Axa Investment Management’s loans and private debt co-head Jean-Philippe Levilain to help launch its European business.

    • 09 Sep 2019
  • A first for Prima: new Slovakian issuer set for debut covered bond

    Prima banka Slovensko is set to become the third Slovakian issuer of euro covered bonds after it mandated lead managers on Monday for a roadshow.

    • 09 Sep 2019
  • Fitch upgrades Ukraine but BAML sees restructuring risk

    Fitch Ratings raised Ukraine’s credit rating from B- to B with a positive outlook. However, Bank of America Merrill Lynch believes that the country is still at risk of another debt restructuring.

    • 09 Sep 2019
  • Severstal first off the blocks with dollar benchmark

    Severstal, a Russian steel manufacturer, hit screens on Monday morning with a five year dollar benchmark.

    • 09 Sep 2019
  • RMB Mauritius secures loan, months after dollar debt transfer

    Rand Merchant Bank International Mauritius (RMBIM) has secured a $400m syndicated loan from international lenders, months after a transfer of dollar debt from FirstRand Bank. The deal marks the latest in a series of loans raised by South African banks this year.

    • 09 Sep 2019
  • China lowers banks’ RRR to boost economy

    The People’s Bank of China (PBoC) is reducing the amount of money that banks need to hold as reserves, a long-overdue move that analysts said is just one of many more easing measures to be implemented in the country.

    • 09 Sep 2019
  • The week in renminbi: China cuts banks’ reserve ratios, August exports fall, Hong Kong protesters march on

    In this round-up, the People’s Bank of China (PBoC) announced both broad-based and targeted reserve requirement ratio cuts, China’s exports dropped further and Hong Kong witnessed another weekend of protests despite the withdrawal of the extradition bill.

    • 09 Sep 2019
  • Topsports gauges interest in $1bn Hong Kong IPO

    Topsports International Holdings has kicked off pre-marketing for its Hong Kong SAR listing, which is expected to raise around $1bn, according to sources close to the deal.

    • 09 Sep 2019
  • RFP out for Sri Lanka’s long-waited Samurai

    The Government of Sri Lanka has invited banks to pitch for the lead arranger role for a ¥60bn ($561m) Japanese yen-denominated international bond. The deadline for submissions is next Friday.

    • 09 Sep 2019
  • HK bonds carry on after Fitch downgrade

    Dollar bond investors have shrugged off Fitch’s downgrade to the foreign currency rating of Hong Kong SAR, with local issuers also gearing up for new deals.

    • 09 Sep 2019
  • China Gas block goes bigger at $651m

    South Korean energy company SK E&S Co has bagged HK$5.1bn ($650.7m) after selling a block of shares in China Gas Holdings, a source close to the deal told GlobalCapital Asia.

    • 06 Sep 2019
  • Thailand’s Indorama Ventures debuts in dollars

    Indorama Ventures Public Co sold its first dollar bond on Thursday. While unrated, the company’s rarity value appealed with investors.

    • 06 Sep 2019
  • India's PFC finds strong support for $750m bond

    Power Finance Corp gathered a peak book of $4bn for its $750m dual-tranche bond issuance, allowing it to sell the notes at tighter-than-expected levels.

    • 06 Sep 2019
  • ReNew targets niche investors for $300m deal

    Indian renewables company ReNew Power took home $300m from a bond that appealed to a niche, but captive, investor base.

    • 06 Sep 2019
  • China market round-up: CGBs included in second global index, Fitch downgrades Hong Kong, Caixin PMIs rise

    In this round-up, JPMorgan has decided to include Chinese government bonds into its government bond index for emerging markets, Fitch downgrades Hong Kong by one notch to AA and Caixin manufacturing Purchasing Managers’ Index (PMI) declines in August.

    • 06 Sep 2019
  • China policy round-up: trade negotiations back on the table, Hong Kong withdraws extradition bill, state council sends easing signals

    In this round-up, the US and China agree to meet in October in Washington, Hong Kong's chief executive formally withdraws the extradition bill and the Chinese state council is set to release local government bond quotas for 2020 early.

    • 06 Sep 2019
  • Bonds news in brief: Greater China credits head to dollars

    Six Greater China borrowers, including Industrial and Commercial Bank of China (Macau) and an unrated property developer, have wooed bond investors to their new dollar deals.

    • 06 Sep 2019
  • India’s secondary loan task force urges registry set-up, investor base expansion

    India's central bank should take measures to boost the country's secondary loan market, according to a task force.

    • 06 Sep 2019
  • Bajaj Finance hires for $1bn share sale

    India's Bajaj Finance has hired banks to run a potential qualified institutional placement (QIP) of around $1bn, according to a source familiar with the matter.

    • 06 Sep 2019
  • Paper company Youyuan defaults on HK$2.6bn of debt

    China’s Youyuan International Holdings, a wrapping tissue paper maker, has defaulted on a total of HK$2.6bn ($332m) of debt, including a $135m loan sealed in April.

    • 06 Sep 2019
  • Credit Suisse hires Philippines IBCM head

    Credit Suisse has brought in Mark Uy to lead coverage of investment banking and capital markets in the Philippines, according to a source familiar with the matter.

    • 06 Sep 2019
  • Mexican trio come tight to kick-start Lat Am

    BBVA Bancomer and Industrias Peñoles sold a combined $1.8bn of bonds on Thursday to follow up Grupo Bimbo’s blow-out trade earlier in the week as investors found a sweet spot in high quality Mexican corporate debt.

    • 05 Sep 2019
  • Alpek bond refi could continue Mexico run

    Alpek, the petrochemicals business of Mexican conglomerate Grupo Alfa, could become the next company from the country to make the most of attractive market conditions as it looks to the bond market to refinance short-term bank debt maturities.

    • 05 Sep 2019
  • Argentina rebounds on capital controls but stress looms

    Argentina’s dollar bonds bounced as much as five points this week as investors were finally tempted to nibble at the distressed levels on offer. But analysts warned that the capital controls imposed by authorities would provide only short-term relief.

    • 05 Sep 2019
  • ESMA points to HY, EM risk to fund redemption shock

    High-yield bond funds are a lot more exposed to a liquidity shortfall than funds for other asset classes, according to a stress test developed by the European Securities and Markets Authority (ESMA). The publication of ESMA’s results came in the same week as a Bank of England official discussed solutions to fund fire-sales.

    • 05 Sep 2019
  • Bondholders team up against Abu Dhabi over hairy airline debt

    Holders of the defaulted EA Partners bonds claim that Etihad Airways and Abu Dhabi gave them implicit guarantees for the notes, which were issued to fund other troubled airlines. The bondholders, backed by restructuring advisers and corporate sleuths, are buckling up for a battle for their money. Karoliina Liimatainen reports.

    • 05 Sep 2019
  • Loans in brief: September 6, 2019

    Paddy Power looks to cash out with US private placements — Spurs up private placement deal to £525m — LXi Reit draws new revolver for acquisitions — AMS lines up €4.2bn bridge loan in Osram swoop — Ukraine’s Kernel to tap lenders for A&E

    • 05 Sep 2019
  • Ukraine GDP warrant price rockets but investors unconvinced

    The price of Ukraine’s GDP warrants climbed rapidly this week on news of a “definite plan” to minimise the instruments’ impact on the country’s debt burden.

    • 05 Sep 2019
  • EM issuers advance funding plans as yield frenzy grips market

    Emerging market issuers are moving to print in the bond markets as investors’ desperation for positive yield hits fever pitch. With some borrowers looking to refinance maturities falling due in 2020 and 2021, a pivot towards bonds from loans, and Gulf Cooperation Council sovereigns rumoured to be making moves, some bankers say this year could challenge the record for annual CEEMEA volume.

    • 05 Sep 2019
  • Steely Russian pair first to test bonds after August sanctions

    Two Russian steel companies have announced mandates and roadshows this week and look set to become the first corporates from the country to test the bond market since the latest round of US sanctions on their country in early August.

    • 05 Sep 2019
  • Turkish banks push for tightening in latest refi round

    This year’s second Turkish bank refinancing wave has started and borrowers are pushing hard for tighter pricing. Akbank is expected to set the benchmark for its peers by securing tighter margins on its upcoming loan refi.

    • 05 Sep 2019
  • Afreximbank to test duration appetite next week

    African Export-Import Bank has mandated banks for a Reg S/144A dollar five to 10 year bond with a deal that could be twice as long as its last outing. It well test investor appetite for the deal next week.

    • 05 Sep 2019
  • AllHome pre-markets $399m Philippine listing

    AllHome Corp has begun pre-deal investor education for its IPO in the Philippines. The firm is targeting as much as Ps20.7bn ($398.8m).

    • 05 Sep 2019
  • Bank of Jinzhou’s woes to shake support for AT1s

    Chinese city commercial bank Bank of Jinzhou plans to cancel coupon payments on its dollar additional tier one bonds for a year, the first such case from a mainland lender. The “shock” move from the beleaguered firm could shake investors’ risk appetite for bank capital deals from the country, writes Morgan Davis.

    • 05 Sep 2019
  • Shanghai Port sails away with $800m bond on board

    Shanghai International Port Group (SIPG) has made a quick follow-up to its dollar market debut, rolling out a new dual-tranche deal less than two months after it sold its maiden bonds.

    • 05 Sep 2019
  • RCBC adds to Philippines’ green momentum

    Investors were given a double dose of green paper from the Philippines this week, as Rizal Commercial Banking Corp (RCBC) rolled out a $300m sustainability bond a day after Bank of the Philippine Islands (BPI) sealed a green deal.

    • 05 Sep 2019
  • IHS refinancing old bond in 'robust market'

    IHS, an African telecoms provider, is returning to the bond market to take advantage of excellent market conditions and refinance its outstanding 2021 bond.

    • 05 Sep 2019
  • Hong Kong trio lead post-summer IPO buzz

    Equity capital markets are abuzz in Hong Kong as issuers rush to take advantage of the first window to list since business closed for the summer. Among them, consumer finance company Home Credit and China’s Bank of Guizhou are each targeting $1bn listings.

    • 05 Sep 2019
  • Shenzhen Jiangtong debuts $100m deal with StanChart

    Shenzhen Jiangtong Leasing Financial, a subsidiary of Jiangxi Copper Corp, is tapping the loan market for the first time for a $100m borrowing.

    • 05 Sep 2019
  • Investors push Chinalco perp book to $8bn

    Aluminium Corporation of China (Chinalco) made a grand market return on Wednesday, sealing a $750m perpetual bond on the back of a book that reached $8bn at its peak.

    • 05 Sep 2019
  • BNP Paribas, Deutsche bag full bond underwriting licences in China, but little impact on DCM expected

    BNP Paribas and Deutsche Bank have become the first two foreign banks to receive approvals to underwrite all bonds from non-financial corporations in the Chinese interbank market. While the new licence will expand their underwriting scope in the mainland, it is unlikely to make a big dent to their DCM businesses, or challenge state-owned banks’ dominance. Rebecca Feng reports.

    • 05 Sep 2019
  • Xtep, Suning close Hong Kong dollar loans

    China’s Xtep International Holdings and Suning Financial Services have closed their respective offshore borrowings.

    • 05 Sep 2019
  • Coal is going the way of the dinosaurs

    I’ve said it before and I’ll say it again: these Millennials are too sensitive.

    • 05 Sep 2019
  • China makes headway on boosting secondary loans market

    The Chinese regulators are looking to give the country’s secondary loan market a boost by encouraging banks to use one of their platforms to trade deals. While secondary loan trading has become easier, there are still many hurdles to overcome, say experts.

    • 05 Sep 2019
  • Online insurer Huize eyes $150m from US listing

    Chinese online insurance platform Huize Holding is planning an up to $150m IPO of American Depository Shares (ADS), filing a draft prospectus with the market regulator on Wednesday.

    • 05 Sep 2019
  • Ukraine's Kernel to tap lenders for A&E

    Ukrainian grain and sunflower producer Kernel is set to amend and extend an existing syndicated loan, according to bankers familiar with the deal. The transaction marks one of the few intermittent spots of activity in the Ukrainian loan market.

    • 05 Sep 2019
  • ANZ relocates Coleman, hires Ishida in Japan

    ANZ has made some changes to its infrastructure financing team in Asia, relocating Gareth Coleman to Singapore from Cambodia.

    • 05 Sep 2019
  • CCB Leasing returns for $300m tap

    CCB Leasing added $300m to its 3.5% 2024 bonds on Wednesday, taking the total size of the transaction to $800m.

    • 05 Sep 2019
  • Alfa’s Alpek eyes bond to take out loan

    Alpek, the petrochemicals business of Mexican conglomerate Grupo Alfa, will look to the bond market to refinance short-term bank debt maturities.

    • 05 Sep 2019
  • Ukraine GDP warrant price rockets but investors unconvinced

    The price of Ukraine’s GDP warrants climbed rapidly this week on news of a “definite plan” to minimise the instruments’ impact on the country’s debt burden.

    • 04 Sep 2019
  • Chelpipe to add to autumn supply from Russia

    Russian pipe manufacturer Chelyabinsk Pipe Plant has become the second metals company from the country to announce plans for a roadshow this week, joining Severstal. The Chelpipe deal — a $300m Reg S/144A five year senior unsecured note — will be the company's debut in the Eurobond market.

    • 04 Sep 2019
  • Rarity of BPI deal hooks investors

    Investors flocked to Bank of the Philippine Islands’ $300m green bond on Tuesday, snapping up the rare deal from a bank in the southeast Asian country.

    • 04 Sep 2019
  • Hyundai Capital axes dollar bond sale

    South Korea’s Hyundai Capital Services pulled a dollar bond sale on Tuesday due to poor market conditions. Bankers away from the transaction blamed the failure on excess supply in the US.

    • 04 Sep 2019
  • Bajaj Energy wins Sebi approval for Rp55bn IPO

    Power plant operator Bajaj Energy has got the greenlight from India’s market regulator to launch a Rp54.5bn ($756.7m) IPO of primary and secondary shares.

    • 04 Sep 2019
  • BOC Aviation, Clifford Capital ride market turbulence for bonds

    BOC Aviation and Clifford Capital navigated choppy market conditions successfully on Tuesday to raise dollar bonds from investors.

    • 04 Sep 2019
  • Investors throng WuXi AppTec’s $300m CB

    WuXi AppTec took advantage of an incredible rally in its stock price and its rarity in the equity-linked market to raise $300m from a convertible bond that was a huge hit with investors. Rashmi Kumar reports.

    • 04 Sep 2019
  • Varun Beverages raises Rp9bn from new share sale

    India’s Varun Beverages has raised Rp9bn ($124.8m) after pricing its qualified institutional placement at the bottom of guidance, according to a source close to the deal.

    • 04 Sep 2019
  • CDL closes S$250m sustainability innovation loan

    Singapore-listed real estate company City Developments has raised a S$250m ($180m) loan to promote the United Nations’ Sustainable Development Goals (SDGs) through innovation. The company said it is the first deal of its kind.

    • 04 Sep 2019
  • Zhangzhou LGFV debuts amid deal flurry

    Chinese local government financing vehicle (LGFV) Zhangzhou Jiulongjiang Group Co reopened the post-summer bond market with a $500m deal, making its debut in dollars.

    • 04 Sep 2019
  • Tata AutoComp returns for acquisition loan refi

    Tata AutoComp Systems, an Indian company that provides automotive components, has returned to the loan market for a dual-currency deal to refinance its acquisition borrowing from 2017.

    • 04 Sep 2019
  • Lat Am issuers to chase dough as Bimbo notches impressive raise

    Latin American DCM bankers welcomed Tuesday’s blow-out bond issue from Mexico baking company Grupo Bimbo, saying that they believed it would trigger other borrowers to accelerate funding plans.

    • 04 Sep 2019
  • AFC signs Samurai loan as Asia money pours into Africa

    Lagos-headquartered Africa Finance Corporation (AFC) has debuted in the Samurai loan market, raising a $150m-equivalent loan from a consortium of Japanese lenders. The deal is one of two Samurai loans signed by African borrowers in recent weeks.

    • 03 Sep 2019
  • Credit Suisse hires PRI founder from UBS

    James Gifford, who was founding executive director of the UN Principles for Responsible Investing, has joined Credit Suisse in the newly formed position of head of impact advisory.

    • 03 Sep 2019
  • And we’re off! CEEMEA bond business returns

    Two CEEMEA issuers — one of which is a Russian corporate — have mandated for bonds and are heading off on roadshows, ending a barren summer for the asset class.

    • 03 Sep 2019
  • The big pitch: bankers line up for $100bn Aramco IPO

    Global banks have been stepping up their pitches to win the mandate for oil giant Saudi Aramco's $100bn IPO during the second week of meetings, as competition heated up to win a spot on the on-again, off-again blockbuster sale.

    • 03 Sep 2019
  • Westpac goes big as MTNs move into peripheral markets

    Westpac placed just under HK$13.4bn into the Hong Kong market across two MTNs last week — the pair of bonds are its largest ever in the currency, according to Dealogic. The notes came in a busy week for niche issuance, and bankers have posited that this move into the peripheral markets comes as a response to the global fall in yields.

    • 03 Sep 2019
  • Russian borrowers turn to euros with dollars difficult

    Russian companies are showing more interest in euro-denominated loans, as funding in the currency becomes cheaper and as US sanctions complicate borrowers’ access to dollars. Siberian Anthracite is expected to close a loan refinancing with a new euro tranche this week, and at least two Russian borrowers are in preliminary discussions with international lenders.

    • 03 Sep 2019
  • BNPP, Deutsche given full bond underwriting licences in China

    The regulator of China’s interbank bond market has given BNP Paribas and Deutsche Bank type A-licences that give them full underwriting access to the market. But the move has puzzled a number of bankers both onshore and offshore.

    • 03 Sep 2019
  • Correction: ABC Singapore raises $200m green loan

    Agricultural Bank of China Singapore branch has raised a $200m green loan from seven banks, following in the footsteps of peer ICBC London, which signed a mandate letter for a green loan three months ago.

    • 03 Sep 2019
  • CLSA makes senior hires to research team

    CLSA announced a handful of new appointments to its equity advisory business research team in Asia and Australia on Tuesday, including a chief strategist.

    • 03 Sep 2019
  • Xtep wraps up HK$1.8bn refinancing loan

    Chinese sportswear manufacturer Xtep International Holdings has closed its refinancing loan at HK$1.8bn ($229.5m) with nine banks.

    • 03 Sep 2019
  • China Merchants Commercial to end Reit hiatus in HK

    A five-year absence of real estate investment trust (Reit) IPOs in Hong Kong is set to come an end as China Merchants Commercial Real Estate Investment Trust readies a listing.

    • 03 Sep 2019
  • Bank of Guizhou adds to IPO flow

    Bank of Guizhou started drumming up interest for its Hong Kong IPO of around $1bn on Monday, according to a source close to the situation.

    • 03 Sep 2019
  • Moody’s stabilises Vale rating, S&P and Fitch still negative

    Clarity on the costs that Brazilian mining giant Vale will face as a result of a tragic accident at one of its dams in January has led Moody’s to remove the negative outlook from the company’s Ba1 rating.

    • 03 Sep 2019
  • Investors stand strong with Middle East despite chilly August

    Investors this week have again affirmed their confidence that Middle Eastern issuance will be the redeeming factor in emerging markets this year with a handful of names expected to raise debt, despite a challenging third quarter.

    • 02 Sep 2019
  • Bank of Jinzhou to cancel coupon payment on AT1

    Embattled Chinese bank, Bank of Jinzhou, has proposed cancelling coupon payments on its offshore additional tier one bonds for a year, the first such case from a Mainland lender.

    • 02 Sep 2019
  • Natixis beefs up global markets business in Apac

    Natixis has been building out its Asia Pacific presence, making some senior changes to its global markets team and adding three new bankers.

    • 02 Sep 2019
  • Yes Bank dollar bonds tumble on downgrade

    Dollar bonds from Yes Bank, one of India’s largest private sector banks, have taken a big hit recently following Moody’s downgrade of the credit.

    • 02 Sep 2019
  • Romania holds on to IG rating, bond auctions expected this week

    Standard & Poor's has affirmed Romania's investment grade rating, at BBB- with a stable outlook. The central European sovereign escaped a downgrade to junk status, but bond auctions this week will determine appetite for the credit.

    • 02 Sep 2019
  • Suning closes HK$1.6bn borrowing

    China’s Suning Financial Services, a subsidiary of home appliance retailer Suning Holdings Group, has closed a HK$1.63bn ($208m) three year loan.

    • 02 Sep 2019
  • Lendlease builds interest for Singapore Reit IPO

    Lendlease Global Commercial Real Estate Investment Trust, a Singapore Reit sponsored by its Australian parent Lendlease, started sounding out investors for its IPO on Monday.

    • 02 Sep 2019
  • Home Credit gauges demand for $1bn HK listing

    Czech consumer finance company Home Credit has begun work with investors for its IPO of around $1bn on the Hong Kong Stock Exchange, testing investor appetite on Monday.

    • 02 Sep 2019
  • The week in renminbi: fresh tariffs kick in, PMIs soften, Hong Kong protests turn more violent

    In this round-up, new tariffs on both Chinese and US goods took effect on Sunday, China’s official Purchasing Managers’ Index declined, and protesters in Hong Kong paralysed the city’s airport yet again.

    • 02 Sep 2019
  • Moody’s doubts 'voluntary' Arg restructuring as currency controls return

    Moody’s said on Friday that it was placing “little weight” on the suggestion that a debt restructuring in Argentina would be voluntary. Sunday’s announcement of currency controls from the central bank showed how bad the situation had become.

    • 02 Sep 2019

Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 38,804.86 218 7.77%
2 HSBC 37,505.35 300 7.51%
3 JPMorgan 36,460.07 186 7.30%
4 Standard Chartered Bank 26,954.48 220 5.39%
5 Goldman Sachs 19,415.95 85 3.89%

Bookrunners of LatAm Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 9,521.96 35 11.90%
2 JPMorgan 9,063.29 36 11.33%
3 Bank of America Merrill Lynch 6,474.73 25 8.09%
4 Goldman Sachs 5,874.70 22 7.34%
5 Santander 5,136.76 28 6.42%

Bookrunners of CEEMEA International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 16,838.89 64 11.84%
2 Citi 15,519.20 60 10.91%
3 Standard Chartered Bank 11,317.78 58 7.96%
4 HSBC 8,619.65 46 6.06%
5 BNP Paribas 8,531.65 24 6.00%

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 1,953.88 13 10.90%
2 SG Corporate & Investment Banking 1,851.18 13 10.33%
3 ING 1,599.84 14 8.92%
4 Citi 1,187.74 11 6.63%
5 MUFG 1,085.56 8 6.06%

Bookrunners of India DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Standard Chartered Bank 2,870.23 22 16.53%
2 Barclays 2,042.67 19 11.76%
3 HSBC 1,788.74 18 10.30%
4 MUFG 1,623.78 14 9.35%
5 JPMorgan 1,584.80 18 9.13%