Latest EMEA Equity-Linked news

  • Steinhoff collapse rocks Europe’s CB market

    The shocking fall from grace this week of Steinhoff International, the South African retail group, is causing pain for many in the equity-linked debt market, where it has issued €2.7bn of bonds. The potentially unsound nature of its earnings caused an 80% collapse in its share price this week, and has triggered a fast transfer of its convertibles into specialist hands.

    • 07 Dec 2017
  • DHL locks in great terms with 'expensive' €1bn convertible

    Deutsche Post DHL Group secured excellent terms on Wednesday when it issued a €1bn convertible bond at a negative yield, despite investors having been distracted by a collapse in the share and bond prices of equity-linked regular Steinhoff International on the same day.

    • 07 Dec 2017
  • Deutsche Bank tweaks top ranks in Asia ECM

    Deutsche Bank shook up the senior ranks of its equity capital markets desk in Asia this week, removing the co-head structure and merging ECM with equity derivatives. The move comes amid a global reorganisation being rolled out from the bank’s headquarters that combines the equity and debt financing units with markets. John Loh reports.

    • 07 Dec 2017
  • Pierre & Vacances issues €100m CB to refi

    A trio of equity-linked issues this week was capped off on Thursday by a €100m convertible bond due in April 2023 from Pierre & Vacances, the French operator of tourist villages.

    • 30 Nov 2017
  • SMIC shows issuer savvy with $973m combo equity raise

    Semiconductor Manufacturing International Corp pulled off a double-whammy this week, bagging $972.9m from equity and equity-linked investors. The trade was not only SMIC’s first time raising close to $1bn overnight, but also represented a rare offering of an Asian convertible perpetual bond. John Loh reports.

    • 30 Nov 2017
  • Maisons du Monde prices debut convertible at aggressive terms

    Maisons du Monde, the French furniture retailer, has issued its first ever convertible bond, raising €200m to refinance a term loan. The deal was eight times oversubscribed and priced at the best end of terms for the issuer.

    • 29 Nov 2017
  • SMIC nets $969m from equity, convertible perp trade

    Hong Kong-listed Semiconductor Manufacturing International Corp raised $969m on Tuesday from an unusual multi-tranche offering of equity and convertible perpetual bonds.

    • 29 Nov 2017
  • Corestate issues first convertible, increases it to €200m

    Corestate Capital Holding, the German property manager with €22bn of assets under management, has issued its first convertible bond. The five year deal was increased by €50m due to the strength of the demand.

    • 21 Nov 2017
  • Suntec, Haier bag $1.2bn from equity-linked deals

    Suntec Real Estate Investment Trust printed a S$300m ($220m) convertible bond off the back of solid aftermarket trading in recent new issues, although some bankers think the window could be closing soon.

    • 09 Nov 2017
  • Qingdao Haier squeezes yield on $1bn exchangeable

    Qingdao Haier Co has raised HK$8bn ($1.03bn) through an exchangeable bond, leveraging on its brand recognition to tighten pricing, according to a source close to the deal.

    • 07 Nov 2017

Equity-Linked news archive

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 416,634.23 1594 9.03%
2 JPMorgan 379,647.36 1732 8.23%
3 Bank of America Merrill Lynch 359,625.73 1304 7.80%
4 Barclays 267,126.92 1079 5.79%
5 Goldman Sachs 267,110.09 921 5.79%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 45,314.03 193 6.64%
2 Deutsche Bank 37,536.19 138 5.50%
3 BNP Paribas 36,532.54 211 5.36%
4 JPMorgan 34,490.59 115 5.06%
5 Bank of America Merrill Lynch 33,700.87 110 4.94%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 22,398.41 104 8.66%
2 Morgan Stanley 19,092.40 102 7.38%
3 Citi 17,812.08 111 6.89%
4 UBS 17,693.89 71 6.84%
5 Goldman Sachs 17,256.05 98 6.67%