• Lima Metro 2 hits road to fund mandatory redemption

    The consortium building the second line of the Lima and Callao Metro in Peru will meet bond investors this week as it looks to finance a mandatory redemption of a portion of the borrower’s existing notes caused by delays in the project.

    • 15 Jul 2019
  • Lat Am borrowers flock on busiest day of year

    Five Latin American companies and Caribbean-based Cable & Wireless (C&W) all sold dollar deals on Thursday, as borrowers jumped on improved expectations of a US rate cut and seemed to shrug off a sell-off in US Treasuries later in the day.

    • 12 Jul 2019
  • Telecom returns but investors wary on Arg

    Argentina’s leading telecoms company became the latest borrower from the country to tap international investors on Thursday, but though bond investors showed plenty of enthusiasm for Telecom Argentina’s bond comeback, some were wary about oversupply from the country.

    • 11 Jul 2019
  • Red Cross volcano bond attracts UK state

    The Natural Disaster Fund, backed by the UK government, has a first option to subscribe to a small catastrophe bond to be issued by the Danish Red Cross, which conveys volcano risk.

    • 11 Jul 2019
  • Leading telco latest to spot open window in Argentina

    Argentina’s best borrowers continue to seek to take advantage of a recently opened funding window in international markets, with Telecom Argentina plotting to sell new debt to refinance old bonds.

    • 11 Jul 2019
  • Fin min resignation disturbs Pemex bonds as Mex pipeline bulges

    Debt capital markets bankers covering Mexico do not expect the resignation of finance minister Carlos Urzúa on Tuesday to affect incoming bond issues though they acknowledge that his departure could create uncertainty.

    • 10 Jul 2019
  • Treasury yield rise no bar to Mexican pair bringing dollar LMs

    Two Mexican companies announced bond roadshows on Monday, in combination with buybacks of 2022 notes, as Latin American borrowers continue to try to use liability management to take advantage of low rates to refinance debt.

    • 09 Jul 2019
  • Brazil pension reform gets through lower house

    While US market participants were on holiday last week, Brazil’s lower house passed legislation that is central to bond investors’ optimistic thesis on Latin America’s largest economy.

    • 08 Jul 2019
  • Petrobras targets euro, sterling notes in latest buy-back

    Brazilian state-owned oil company Petrobras is to continue its deleveraging process by using cash to buy back up to $3bn of existing bonds, giving first priority to euro and sterling paper.

    • 04 Jul 2019
  • Latins line up for LM rush after July 4 break

    Two Latin American companies announced bond roadshows this week, with a third launching a tender that will require a new issue, as the region’s issuers flock to the low rate environment and gradually rehabilitate disappointing issuance volumes.

    • 04 Jul 2019
  • Window open for more Argentines, say investors

    Pampa Energía followed YPF into the international bond markets on Tuesday as Argentine issuers returned after a 14 month hiatus. Investors believe there is scope for certain corporates and even provinces from the country to take advantage of renewed market access.

    • 04 Jul 2019
  • Pampa flies in secondary with Lat Am on temporary pause

    The Latin America primary bond market was quiet this week thanks to dollar investors instead enjoying the US Independence Day holiday, but bankers say sentiment is at its strongest at least since January 2018 as several of the region’s issuers lined up roadshows.

    • 04 Jul 2019
  • EM investors fear bond ‘euphoria’ driven by ‘wrong reasons’

    It has been a sensational couple of weeks in emerging markets, with money flooding in and asset prices climbing ever higher, but the influx of new money is driving down yields further than some investors feel is justified.

    • 03 Jul 2019
  • Docuformas eyes new bond to fund tender

    Mexican leasing company Docuformas is likely to turn to bond markets in the coming weeks, GlobalCapital understands, after announcing a tender offer and consent solicitation for its existing notes.

    • 03 Jul 2019
  • EPM could return to dollars after launching peso bond tender

    Colombian utility Empresas Públicas de Medellín (EPM) will begin fixed-income investor meetings on Thursday and could issue dollar bonds for the first time in 10 years as part of a $1bn-equivalent deal to refinance debt.

    • 03 Jul 2019
  • Pampa continues Argentine run as issuers eye window

    Bond market participants in Argentina say that more issuers from the country could look to pre-empt election-related uncertainty and take advantage of benign fundraising conditions after Pampa Energía followed in YPF’s footsteps with a 10 year deal on Tuesday.

    • 03 Jul 2019
  • Pampa Energía to provide further Argentine test

    Bond investors will have a chance to give a further indication of their appetite for Argentine risk as Pampa Energía looks to follow in YPF’s steps and continue to reactivate the primary markets from the country.

    • 02 Jul 2019
  • Mexican Metalsa gains flexibility with consent solicitation

    A majority of Mexican car parts maker Metalsa’s bondholders agreed to amend parts of the indenture to grant the company more flexibility regarding sales and mergers.

    • 01 Jul 2019

Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 31,478.46 181 7.70%
2 HSBC 29,911.12 238 7.31%
3 JPMorgan 29,909.24 150 7.31%
4 Standard Chartered Bank 21,930.83 170 5.36%
5 BNP Paribas 16,266.24 88 3.98%

Bookrunners of LatAm Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 15 Jul 2019
1 Citi 5,758.41 23 11.09%
2 JPMorgan 5,446.45 23 10.49%
3 Bank of America Merrill Lynch 4,847.42 20 9.34%
4 Santander 4,257.63 20 8.20%
5 Morgan Stanley 3,780.77 12 7.28%

Bookrunners of CEEMEA International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 15,136.09 54 11.53%
2 Citi 14,241.43 52 10.84%
3 Standard Chartered Bank 10,397.33 47 7.92%
4 BNP Paribas 8,219.15 22 6.26%
5 HSBC 8,162.62 41 6.22%

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 1,907.81 12 12.20%
2 SG Corporate & Investment Banking 1,851.18 13 11.84%
3 ING 1,381.46 11 8.84%
4 Citi 1,094.36 9 7.00%
5 MUFG 1,085.56 8 6.94%

Bookrunners of India DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Standard Chartered Bank 2,292.21 18 17.08%
2 HSBC 1,584.44 16 11.81%
3 Barclays 1,272.98 13 9.49%
4 Citi 1,198.68 15 8.93%
5 JPMorgan 1,193.19 14 8.89%