Arrangers' league tables for EM international bonds, 2011

Eurobond Bookrunner League Table Criteria

CIS countries

Eurobond bookrunner league table (CIS countries)
Eurobond bookrunner league table (CIS countries; Plain Vanilla)
Eurobond bookrunner league table (Russia)
Eurobond bookrunner league table (Russia; Plain Vanilla)
Eurobond bookrunner league table (Ukraine)
Eurobond bookrunner league table (Kazakhstan)
Eurobond bookrunner league table (International rating; Russia; RUR)

Emerging Markets

Eurobond bookrunner league table (Emerging markets)
Eurobond bookrunner league table (Sovereign sector; Emerging markets)
Eurobond bookrunner league table (Corporate sector; Emerging markets)

Eastern Europe, Middle East and Africa

Eurobond bookrunner league table (Emerging markets; EEMEA)
Eurobond bookrunner league table (Sovereign sector; EEMEA)
Eurobond bookrunner league table (Corporate sector; EEMEA)

Latin America

Eurobond bookrunner league table (Emerging markets; Latin America)
Eurobond bookrunner league table (Sovereign sector; Latin America)
Eurobond bookrunner league table (Corporate sector; Latin America)

Asia

Eurobond bookrunner league table (Emerging markets; Asia)
Eurobond bookrunner league table (Sovereign sector; Asia)
Eurobond bookrunner league table (Corporate sector; Asia)

Eurobond bookrunner league table
Region: CIS countries
Currency: All
Unit: mln. USD

#Investment bankVolume, mln. USDShare, %Number of issuersIssues placedIssues
1 JP Morgan 5,130 15.30%1216Development Bank of Kazahstan, 2015; Ferrexpo, 2016; Gazprom, 2021 (LPN25); Gazprom, 2016-2 (LPN24); Georgia, 2021; KazKommerzBank, 2018; Metalloinvest, 2016; Promsvyazbank, 2014 (LPN); Russia, 2018-2, RUR; Russian Agricultural Bank, 2016-2, RUR (LPN); Russian Agricultural Bank, 2016-3, RUB (LPN, FRN); Russian Agricultural Bank, 2021 (LPN); Sberbank, 2021 (LPN); Ukraine, 2021; Ukraine, 2016-2; VTB, 2018-2 (LPN)
2 VTB Capital 4,586 13.68%1520Agroton, 2014; ALROSA, 2011-2 (zero, ECP); ALROSA, 2011-1 (ECP); Eurasian Development Bank, 2012-2, EUR (ECP); Evraz Group, 2018-2; Fininpro, 2018; Kiev, 2016 (LPN); Koks, 2016 (LPN); Metalloinvest, 2016; Metinvest Holding, 2018; Russia, 2018-2, RUR; Russian Agricultural Bank, 2016-2, RUR (LPN); Russian Agricultural Bank, 2021 (LPN); Russian Standard Bank, 2012 (zero, ECP); RZD, 2031, GBP (LPN); Ukraine, 2021; Ukraine, 2016-2; VTB, 2014, SGD; VTB, 2018-2 (LPN); VTB, 2015, CHF (LPN)
3 BNP Paribas 2,742 8.18%814Azerbaijan State Railways, 2016 (LPN); Belarus, 2018; Gazprom, 2021 (LPN25); Gazprom, 2016-2 (LPN24); Metalloinvest, 2016; NOVATEK, 2021 (LPN); NOVATEK, 2016 (LPN); VimpelCom, 2021 (LPN); VimpelCom, 2022; VimpelCom, 2016-2 (LPN); VimpelCom, 2017; VimpelCom, 2014 (FRN); Vnesheconombank, 2016, CHF; VTB, 2015, CHF (LPN)
4 Citigroup 2,506 7.47%813Development Bank of Kazahstan, 2015; Gazprombank, 2016, RUB (LPN, FRN); Halyk Bank, 2021; HCFB, 2014 (LPN); NOVATEK, 2021 (LPN); NOVATEK, 2016 (LPN); Ukreximbank, 2014, UAH; VimpelCom, 2021 (LPN); VimpelCom, 2022; VimpelCom, 2016-2 (LPN); VimpelCom, 2017; VimpelCom, 2014 (FRN); ТСS Bank, 2014 (LPN)
5 Deutsche Bank 2,457 7.33%1111Belarus, 2018; Development Bank of Kazahstan, 2015; Halyk Bank, 2021; Kiev, 2016 (LPN); Metinvest Holding, 2018; Promsvyazbank, 2014 (LPN); Russia, 2018-2, RUR; Russian Agricultural Bank, 2016-2, RUR (LPN); Sberbank, 2021 (LPN); TMK, 2018 (LPN); Ukreximbank, 2014, UAH
6 Barclays Capital 2,193 6.54%711Gazprombank, 2013-2, CHF (LPN); Russian Agricultural Bank, 2021 (LPN); RZD, 2031, GBP (LPN); Severstal, 2016 (LPN); TMK, 2018 (LPN); VimpelCom, 2021 (LPN); VimpelCom, 2022; VimpelCom, 2016-2 (LPN); VimpelCom, 2017; VimpelCom, 2014 (FRN); Vnesheconombank, 2016, CHF
7 RBS 2,033 6.06%813Belarus, 2018; Metalloinvest, 2016; Metinvest Holding, 2018; Mriya Agro Holding, 2016; NOVATEK, 2021 (LPN); NOVATEK, 2016 (LPN); Renaissance Capital, 2016; Sberbank, 2021 (LPN); VimpelCom, 2021 (LPN); VimpelCom, 2022; VimpelCom, 2016-2 (LPN); VimpelCom, 2017; VimpelCom, 2014 (FRN)
8 Goldman Sachs 1,939 5.78%88Alfa Bank, 2021 (LPN); Evraz Group, 2018-2; Georgia, 2021; RZD, 2031, GBP (LPN); Severstal, 2016 (LPN); VEB-Leasing, 2016 (LPN); VTB, 2018-2 (LPN); ТСS Bank, 2014 (LPN)
9 UBS 1,878 5.60%1213Agroton, 2014; Alfa Bank, 2021 (LPN); Bank of Moscow, 2013, SGD; Eurasian Development Bank, 2012-3 (zero, ECP); Eurasian Development Bank, 2012-1 (ECP); Ferrexpo, 2016; Gazprom, 2012 (zero, ECP); Gazprombank, 2013-2, CHF (LPN); KazKommerzBank, 2018; Mriya Agro Holding, 2016; Renaissance Capital, 2016; Russian Standard Bank, 2012 (zero, ECP); TMK, 2018 (LPN)
10 Morgan Stanley 1,778 5.30%45Ferrexpo, 2016; Fininpro, 2018; Oschadbank, 2016; Ukraine, 2021; Ukraine, 2016-2
11 HSBC 1,246 3.72%35Russia, 2018-2, RUR; Sberbank, 2021 (LPN); VimpelCom, 2022; VimpelCom, 2017; VimpelCom, 2014 (FRN)
12 Credit Suisse 1,193 3.56%99Kiev, 2016 (LPN); Koks, 2016 (LPN); Metalloinvest, 2016; Metinvest Holding, 2018; Oschadbank, 2016; Ukraine, 2011-2; Ukreximbank, 2014, UAH; VEB-Leasing, 2016 (LPN); VTB, 2015, CHF (LPN)
13 ING Wholesale Banking London 942 2.81%57Bank of Moscow, 2013, SGD; Evraz Group, 2018-2; Metalloinvest, 2016; Metinvest Holding, 2018; VimpelCom, 2022; VimpelCom, 2017; VimpelCom, 2014 (FRN)
14 Renaissance Capital 738 2.20%22Renaissance Capital, 2016; Russia, 2018-2, RUR
15 Sberbank (including Troika Dialog Investment Company) 371 1.11%33Belarus, 2018; Koks, 2016 (LPN); Metalloinvest, 2016
16 Alfa Bank 333 0.99%11Alfa Bank, 2021 (LPN)
17 Bank of America Merrill Lynch 254 0.76%33Koks, 2016 (LPN); Metalloinvest, 2016; Mriya Agro Holding, 2016
18 Credit Agricole CIB 250 0.75%11HCFB, 2014 (LPN)
19 VEB Capital 208 0.62%22Kiev, 2016 (LPN); VEB-Leasing, 2016 (LPN)
20 RBI Group 200 0.60%11Credit Bank of Moscow, 2014 (LPN)
21 Halyk Finance 167 0.50%11Halyk Bank, 2021
22 Gazprombank 154 0.46%11Gazprombank, 2013-2, CHF (LPN)
23 OCBC 121 0.36%11VTB, 2014, SGD
24 Societe Generale 83 0.25%11Metalloinvest, 2016
25 Dragon Capital 17 0.05%11Agroton, 2014
26 BCP Securities 12 0.03%11Probusinessbank, 2016 (LPN)
Total sum 33,531  

Plain Vanilla Eurobond bookrunner league table
Region: CIS countries
Currency: All
Unit: mln. USD

#Investment bankVolume, mln. USDShare, %Number of issuersIssues placedIssues
1 JP Morgan 4,482 14.53%1215Development Bank of Kazahstan, 2015; Ferrexpo, 2016; Gazprom, 2021 (LPN25); Gazprom, 2016-2 (LPN24); Georgia, 2021; KazKommerzBank, 2018; Metalloinvest, 2016; Promsvyazbank, 2014 (LPN); Russia, 2018-2, RUR; Russian Agricultural Bank, 2021 (LPN); Russian Agricultural Bank, 2016-2, RUR (LPN); Sberbank, 2021 (LPN); Ukraine, 2016-2; Ukraine, 2021; VTB, 2018-2 (LPN)
2 VTB Capital 4,065 13.18%1216Agroton, 2014; Evraz Group, 2018-2; Fininpro, 2018; Kiev, 2016 (LPN); Koks, 2016 (LPN); Metalloinvest, 2016; Metinvest Holding, 2018; Russia, 2018-2, RUR; Russian Agricultural Bank, 2021 (LPN); Russian Agricultural Bank, 2016-2, RUR (LPN); RZD, 2031, GBP (LPN); Ukraine, 2016-2; Ukraine, 2021; VTB, 2018-2 (LPN); VTB, 2014, SGD; VTB, 2015, CHF (LPN)
3 BNP Paribas 2,617 8.48%713Belarus, 2018; Gazprom, 2021 (LPN25); Gazprom, 2016-2 (LPN24); Metalloinvest, 2016; NOVATEK, 2021 (LPN); NOVATEK, 2016 (LPN); VimpelCom, 2016-2 (LPN); VimpelCom, 2014 (FRN); VimpelCom, 2022; VimpelCom, 2021 (LPN); VimpelCom, 2017; Vnesheconombank, 2016, CHF; VTB, 2015, CHF (LPN)
4 Deutsche Bank 2,457 7.97%1111Belarus, 2018; Development Bank of Kazahstan, 2015; Halyk Bank, 2021; Kiev, 2016 (LPN); Metinvest Holding, 2018; Promsvyazbank, 2014 (LPN); Russia, 2018-2, RUR; Russian Agricultural Bank, 2016-2, RUR (LPN); Sberbank, 2021 (LPN); TMK, 2018 (LPN); Ukreximbank, 2014, UAH
5 Barclays Capital 2,193 7.11%711Gazprombank, 2013-2, CHF (LPN); Russian Agricultural Bank, 2021 (LPN); RZD, 2031, GBP (LPN); Severstal, 2016 (LPN); TMK, 2018 (LPN); VimpelCom, 2016-2 (LPN); VimpelCom, 2014 (FRN); VimpelCom, 2022; VimpelCom, 2021 (LPN); VimpelCom, 2017; Vnesheconombank, 2016, CHF
6 RBS 2,033 6.59%813Belarus, 2018; Metalloinvest, 2016; Metinvest Holding, 2018; Mriya Agro Holding, 2016; NOVATEK, 2021 (LPN); NOVATEK, 2016 (LPN); Renaissance Capital, 2016; Sberbank, 2021 (LPN); VimpelCom, 2016-2 (LPN); VimpelCom, 2014 (FRN); VimpelCom, 2022; VimpelCom, 2021 (LPN); VimpelCom, 2017
7 Goldman Sachs 1,939 6.28%88Alfa Bank, 2021 (LPN); Evraz Group, 2018-2; Georgia, 2021; RZD, 2031, GBP (LPN); Severstal, 2016 (LPN); VEB-Leasing, 2016 (LPN); VTB, 2018-2 (LPN); ТСS Bank, 2014 (LPN)
8 Citigroup 1,855 6.01%712Development Bank of Kazahstan, 2015; Halyk Bank, 2021; HCFB, 2014 (LPN); NOVATEK, 2021 (LPN); NOVATEK, 2016 (LPN); Ukreximbank, 2014, UAH; VimpelCom, 2016-2 (LPN); VimpelCom, 2014 (FRN); VimpelCom, 2022; VimpelCom, 2021 (LPN); VimpelCom, 2017; ТСS Bank, 2014 (LPN)
9 Morgan Stanley 1,778 5.77%45Ferrexpo, 2016; Fininpro, 2018; Oschadbank, 2016; Ukraine, 2016-2; Ukraine, 2021
10 HSBC 1,246 4.04%35Russia, 2018-2, RUR; Sberbank, 2021 (LPN); VimpelCom, 2014 (FRN); VimpelCom, 2022; VimpelCom, 2017
11 UBS 1,238 4.01%99Agroton, 2014; Alfa Bank, 2021 (LPN); Bank of Moscow, 2013, SGD; Ferrexpo, 2016; Gazprombank, 2013-2, CHF (LPN); KazKommerzBank, 2018; Mriya Agro Holding, 2016; Renaissance Capital, 2016; TMK, 2018 (LPN)
12 Credit Suisse 1,093 3.54%88Kiev, 2016 (LPN); Koks, 2016 (LPN); Metalloinvest, 2016; Metinvest Holding, 2018; Oschadbank, 2016; Ukreximbank, 2014, UAH; VEB-Leasing, 2016 (LPN); VTB, 2015, CHF (LPN)
13 ING Wholesale Banking London 942 3.05%57Bank of Moscow, 2013, SGD; Evraz Group, 2018-2; Metalloinvest, 2016; Metinvest Holding, 2018; VimpelCom, 2014 (FRN); VimpelCom, 2022; VimpelCom, 2017
14 Renaissance Capital 738 2.39%22Renaissance Capital, 2016; Russia, 2018-2, RUR
15 Sberbank (including Troika Dialog Investment Company) 371 1.20%33Belarus, 2018; Koks, 2016 (LPN); Metalloinvest, 2016
16 Alfa Bank 333 1.08%11Alfa Bank, 2021 (LPN)
17 Bank of America Merrill Lynch 254 0.82%33Koks, 2016 (LPN); Metalloinvest, 2016; Mriya Agro Holding, 2016
18 Credit Agricole CIB 250 0.81%11HCFB, 2014 (LPN)
19 VEB Capital 208 0.68%22Kiev, 2016 (LPN); VEB-Leasing, 2016 (LPN)
20 RBI Group 200 0.65%11Credit Bank of Moscow, 2014 (LPN)
21 Halyk Finance 167 0.54%11Halyk Bank, 2021
22 Gazprombank 154 0.50%11Gazprombank, 2013-2, CHF (LPN)
23 OCBC 121 0.39%11VTB, 2014, SGD
24 Societe Generale 83 0.27%11Metalloinvest, 2016
25 Dragon Capital 17 0.05%11Agroton, 2014
26 BCP Securities 12 0.04%11Probusinessbank, 2016 (LPN)
Total sum 30,846  

Eurobond bookrunner league table
Country: Russia
Currency: All
Unit: mln. USD

#Investment bankVolume, mln. USDShare, %Number of issuersIssues placedIssues
1 JP Morgan 3,555 14.49%710Gazprom, 2021 (LPN25); Gazprom, 2016-2 (LPN24); Metalloinvest, 2016; Promsvyazbank, 2014 (LPN); Russia, 2018-2, RUR; Russian Agricultural Bank, 2021 (LPN); Russian Agricultural Bank, 2016-3, RUB (LPN, FRN); Russian Agricultural Bank, 2016-2, RUR (LPN); Sberbank, 2021 (LPN); VTB, 2018-2 (LPN)
2 VTB Capital 3,037 12.38%913ALROSA, 2011-2 (zero, ECP); ALROSA, 2011-1 (ECP); Evraz Group, 2018-2; Koks, 2016 (LPN); Metalloinvest, 2016; Russia, 2018-2, RUR; Russian Agricultural Bank, 2021 (LPN); Russian Agricultural Bank, 2016-2, RUR (LPN); Russian Standard Bank, 2012 (zero, ECP); RZD, 2031, GBP (LPN); VTB, 2014, SGD; VTB, 2015, CHF (LPN); VTB, 2018-2 (LPN)
3 BNP Paribas 2,417 9.85%612Gazprom, 2021 (LPN25); Gazprom, 2016-2 (LPN24); Metalloinvest, 2016; NOVATEK, 2021 (LPN); NOVATEK, 2016 (LPN); VimpelCom, 2014 (FRN); VimpelCom, 2016-2 (LPN); VimpelCom, 2022; VimpelCom, 2017; VimpelCom, 2021 (LPN); Vnesheconombank, 2016, CHF; VTB, 2015, CHF (LPN)
4 Barclays Capital 2,193 8.94%711Gazprombank, 2013-2, CHF (LPN); Russian Agricultural Bank, 2021 (LPN); RZD, 2031, GBP (LPN); Severstal, 2016 (LPN); TMK, 2018 (LPN); VimpelCom, 2014 (FRN); VimpelCom, 2016-2 (LPN); VimpelCom, 2022; VimpelCom, 2017; VimpelCom, 2021 (LPN); Vnesheconombank, 2016, CHF
5 Citigroup 2,147 8.75%510Gazprombank, 2016, RUB (LPN, FRN); HCFB, 2014 (LPN); NOVATEK, 2021 (LPN); NOVATEK, 2016 (LPN); VimpelCom, 2014 (FRN); VimpelCom, 2016-2 (LPN); VimpelCom, 2022; VimpelCom, 2017; VimpelCom, 2021 (LPN); ТСS Bank, 2014 (LPN)
6 Goldman Sachs 1,689 6.88%77Alfa Bank, 2021 (LPN); Evraz Group, 2018-2; RZD, 2031, GBP (LPN); Severstal, 2016 (LPN); VEB-Leasing, 2016 (LPN); VTB, 2018-2 (LPN); ТСS Bank, 2014 (LPN)
7 Deutsche Bank 1,673 6.82%55Promsvyazbank, 2014 (LPN); Russia, 2018-2, RUR; Russian Agricultural Bank, 2016-2, RUR (LPN); Sberbank, 2021 (LPN); TMK, 2018 (LPN)
8 RBS 1,600 6.52%510Metalloinvest, 2016; NOVATEK, 2021 (LPN); NOVATEK, 2016 (LPN); Renaissance Capital, 2016; Sberbank, 2021 (LPN); VimpelCom, 2014 (FRN); VimpelCom, 2016-2 (LPN); VimpelCom, 2022; VimpelCom, 2017; VimpelCom, 2021 (LPN)
9 UBS 1,396 5.69%77Alfa Bank, 2021 (LPN); Bank of Moscow, 2013, SGD; Gazprom, 2012 (zero, ECP); Gazprombank, 2013-2, CHF (LPN); Renaissance Capital, 2016; Russian Standard Bank, 2012 (zero, ECP); TMK, 2018 (LPN)
10 HSBC 1,246 5.08%35Russia, 2018-2, RUR; Sberbank, 2021 (LPN); VimpelCom, 2014 (FRN); VimpelCom, 2022; VimpelCom, 2017
11 ING Wholesale Banking London 792 3.23%46Bank of Moscow, 2013, SGD; Evraz Group, 2018-2; Metalloinvest, 2016; VimpelCom, 2014 (FRN); VimpelCom, 2022; VimpelCom, 2017
12 Renaissance Capital 738 3.01%22Renaissance Capital, 2016; Russia, 2018-2, RUR
13 Credit Suisse 417 1.70%44Koks, 2016 (LPN); Metalloinvest, 2016; VEB-Leasing, 2016 (LPN); VTB, 2015, CHF (LPN)
14 Alfa Bank 333 1.36%11Alfa Bank, 2021 (LPN)
15 Credit Agricole CIB 250 1.02%11HCFB, 2014 (LPN)
16 RBI Group 200 0.82%11Credit Bank of Moscow, 2014 (LPN)
17-18 Sberbank (including Troika Dialog Investment Company) 171 0.70%22Koks, 2016 (LPN); Metalloinvest, 2016
17-18 Bank of America Merrill Lynch 171 0.70%22Koks, 2016 (LPN); Metalloinvest, 2016
19 Gazprombank 154 0.63%11Gazprombank, 2013-2, CHF (LPN)
20 VEB Capital 133 0.54%11VEB-Leasing, 2016 (LPN)
21 OCBC 121 0.49%11VTB, 2014, SGD
22 Societe Generale 83 0.34%11Metalloinvest, 2016
23 BCP Securities 12 0.05%11Probusinessbank, 2016 (LPN)
Total sum 24,528  

Eurobond bookrunner league table Plain Vanilla
Country: Russia
Currency: All
Unit: mln. USD

#Investment bankVolume, mln. USDShare, %Number of issuersIssues placedIssues
1 JP Morgan 2,906 13.10%79Gazprom, 2016-2 (LPN24); Gazprom, 2021 (LPN25); Metalloinvest, 2016; Promsvyazbank, 2014 (LPN); Russia, 2018-2, RUR; Russian Agricultural Bank, 2016-2, RUR (LPN); Russian Agricultural Bank, 2021 (LPN); Sberbank, 2021 (LPN); VTB, 2018-2 (LPN)
2 VTB Capital 2,562 11.55%710Evraz Group, 2018-2; Koks, 2016 (LPN); Metalloinvest, 2016; Russia, 2018-2, RUR; Russian Agricultural Bank, 2016-2, RUR (LPN); Russian Agricultural Bank, 2021 (LPN); RZD, 2031, GBP (LPN); VTB, 2014, SGD; VTB, 2015, CHF (LPN); VTB, 2018-2 (LPN)
3 BNP Paribas 2,417 10.90%612Gazprom, 2016-2 (LPN24); Gazprom, 2021 (LPN25); Metalloinvest, 2016; NOVATEK, 2021 (LPN); NOVATEK, 2016 (LPN); VimpelCom, 2014 (FRN); VimpelCom, 2016-2 (LPN); VimpelCom, 2022; VimpelCom, 2017; VimpelCom, 2021 (LPN); Vnesheconombank, 2016, CHF; VTB, 2015, CHF (LPN)
4 Barclays Capital 2,193 9.89%711Gazprombank, 2013-2, CHF (LPN); Russian Agricultural Bank, 2021 (LPN); RZD, 2031, GBP (LPN); Severstal, 2016 (LPN); TMK, 2018 (LPN); VimpelCom, 2014 (FRN); VimpelCom, 2016-2 (LPN); VimpelCom, 2022; VimpelCom, 2017; VimpelCom, 2021 (LPN); Vnesheconombank, 2016, CHF
5 Goldman Sachs 1,689 7.61%77Alfa Bank, 2021 (LPN); Evraz Group, 2018-2; RZD, 2031, GBP (LPN); Severstal, 2016 (LPN); VEB-Leasing, 2016 (LPN); VTB, 2018-2 (LPN); ТСS Bank, 2014 (LPN)
6 Deutsche Bank 1,673 7.54%55Promsvyazbank, 2014 (LPN); Russia, 2018-2, RUR; Russian Agricultural Bank, 2016-2, RUR (LPN); Sberbank, 2021 (LPN); TMK, 2018 (LPN)
7 RBS 1,600 7.21%510Metalloinvest, 2016; NOVATEK, 2021 (LPN); NOVATEK, 2016 (LPN); Renaissance Capital, 2016; Sberbank, 2021 (LPN); VimpelCom, 2014 (FRN); VimpelCom, 2016-2 (LPN); VimpelCom, 2022; VimpelCom, 2017; VimpelCom, 2021 (LPN)
8 Citigroup 1,496 6.74%49HCFB, 2014 (LPN); NOVATEK, 2021 (LPN); NOVATEK, 2016 (LPN); VimpelCom, 2014 (FRN); VimpelCom, 2016-2 (LPN); VimpelCom, 2022; VimpelCom, 2017; VimpelCom, 2021 (LPN); ТСS Bank, 2014 (LPN)
9 HSBC 1,246 5.62%35Russia, 2018-2, RUR; Sberbank, 2021 (LPN); VimpelCom, 2014 (FRN); VimpelCom, 2022; VimpelCom, 2017
10 UBS 821 3.70%55Alfa Bank, 2021 (LPN); Bank of Moscow, 2013, SGD; Gazprombank, 2013-2, CHF (LPN); Renaissance Capital, 2016; TMK, 2018 (LPN)
11 ING Wholesale Banking London 792 3.57%46Bank of Moscow, 2013, SGD; Evraz Group, 2018-2; Metalloinvest, 2016; VimpelCom, 2014 (FRN); VimpelCom, 2022; VimpelCom, 2017
12 Renaissance Capital 738 3.33%22Renaissance Capital, 2016; Russia, 2018-2, RUR
13 Credit Suisse 417 1.88%44Koks, 2016 (LPN); Metalloinvest, 2016; VEB-Leasing, 2016 (LPN); VTB, 2015, CHF (LPN)
14 Alfa Bank 333 1.50%11Alfa Bank, 2021 (LPN)
15 Credit Agricole CIB 250 1.13%11HCFB, 2014 (LPN)
16 RBI Group 200 0.90%11Credit Bank of Moscow, 2014 (LPN)
17-18 Sberbank (including Troika Dialog Investment Company) 171 0.77%22Koks, 2016 (LPN); Metalloinvest, 2016
17-18 Bank of America Merrill Lynch 171 0.77%22Koks, 2016 (LPN); Metalloinvest, 2016
19 Gazprombank 154 0.70%11Gazprombank, 2013-2, CHF (LPN)
20 VEB Capital 133 0.60%11VEB-Leasing, 2016 (LPN)
21 OCBC 121 0.54%11VTB, 2014, SGD
22 Societe Generale 83 0.38%11Metalloinvest, 2016
23 BCP Securities 12 0.05%11Probusinessbank, 2016 (LPN)
Total sum 22,179  

Eurobond bookrunner league table
Country: Ukraine
Currency: All
Unit: mln. USD

#Investment bankVolume, mln. USDShare, %Number of issuersIssues placedIssues
1 Morgan Stanley 1,778 27.83%45Ferrexpo, 2016; Fininpro, 2018; Oschadbank, 2016; Ukraine, 2016-2; Ukraine, 2021
2 VTB Capital 1,503 23.52%56Agroton, 2014; Fininpro, 2018; Kiev, 2016 (LPN); Metinvest Holding, 2018; Ukraine, 2016-2; Ukraine, 2021
3 JP Morgan 1,083 16.95%23Ferrexpo, 2016; Ukraine, 2016-2; Ukraine, 2021
4 Credit Suisse 775 12.13%55Kiev, 2016 (LPN); Metinvest Holding, 2018; Oschadbank, 2016; Ukraine, 2011-2; Ukreximbank, 2014, UAH
5 Deutsche Bank 325 5.09%33Kiev, 2016 (LPN); Metinvest Holding, 2018; Ukreximbank, 2014, UAH
6 UBS 267 4.17%33Agroton, 2014; Ferrexpo, 2016; Mriya Agro Holding, 2016
7 RBS 233 3.65%22Metinvest Holding, 2018; Mriya Agro Holding, 2016
8 ING Wholesale Banking London 150 2.35%11Metinvest Holding, 2018
9 Citigroup 100 1.57%11Ukreximbank, 2014, UAH
10 Bank of America Merrill Lynch 83 1.30%11Mriya Agro Holding, 2016
11 VEB Capital 75 1.17%11Kiev, 2016 (LPN)
12 Dragon Capital 17 0.26%11Agroton, 2014
Total sum 6,391  

Eurobond bookrunner league table
Country: Kazakhstan
Currency: All
Unit: mln. USD

#Investment bankVolume, mln. USDShare, %Number of issuersIssues placedIssues
1-2 Citigroup 259 21.81%22Development Bank of Kazahstan, 2015; Halyk Bank, 2021
1-2 Deutsche Bank 259 21.81%22Development Bank of Kazahstan, 2015; Halyk Bank, 2021
3 JP Morgan 242 20.41%22Development Bank of Kazahstan, 2015; KazKommerzBank, 2018
4 UBS 215 18.11%23Eurasian Development Bank, 2012-3 (zero, ECP); Eurasian Development Bank, 2012-1 (ECP); KazKommerzBank, 2018
5 Halyk Finance 167 14.04%11Halyk Bank, 2021
6 VTB Capital 45 3.83%11Eurasian Development Bank, 2012-2, EUR (ECP)
Total sum 1,187  

Eurobond bookrunner league table
Country: Russia
Currency: RUR
Unit: mln. USD

#Investment bankVolume, mln. USDShare, %Number of issuersIssues placedIssues
1 JP Morgan 1,655 29.67%23Russia, 2018-2, RUR; Russian Agricultural Bank, 2016-3, RUB (LPN, FRN); Russian Agricultural Bank, 2016-2, RUR (LPN)
2-3 VTB Capital 1,006 18.04%22Russia, 2018-2, RUR; Russian Agricultural Bank, 2016-2, RUR (LPN)
2-3 Deutsche Bank 1,006 18.04%22Russia, 2018-2, RUR; Russian Agricultural Bank, 2016-2, RUR (LPN)
4 Citigroup 651 11.67%11Gazprombank, 2016, RUB (LPN, FRN)
5-6 Renaissance Capital 630 11.29%11Russia, 2018-2, RUR
5-6 HSBC 630 11.29%11Russia, 2018-2, RUR
Total sum 5,577  

Eurobond bookrunner league table
Region: Emerging markets
Currency: All
Unit: mln. USD

#Investment bankVolume, mln. USDShare, %Number of issuersIssues placedIssues
1 Deutsche Bank 31,934 10.96%106133AES Gener, 2021; Afren, 2016; America Movil, 2019, EUR; America Movil, 2026, GBP; Banco Cruzeiro do Sul, 2014; Banco do Brasil, 2016, EUR; Banco Galicia, 2018; Banco Santander Brasil, 2016; Banco Votorantim, 2016, BRL (inflation-linked); Bank of China (Hong Kong), 2016; Bank of East Asia, 2022; Bank of India, 2021; Bank of India, 2015; Baosteel, 2013, CNY; Baosteel, 2014, CNY; Baosteel, 2016, CNY; BBVA Bancomer, 2016; BBVA Bancomer, 2021; Belarus, 2018; BR Malls, perp 2; Braskem, 2021; Buenos Aires, 2015-2; Buenos Aires, 2021; Canara Bank, 2016; Capex, 2018; Cencosud, 2021; Chile, 2021; Chile, 2020, CLP; China Eastern Airlines, 2014, CNY; China Merchants Bank, 2016, CNY; China Merchants Bank, 2014, CNY; China SCE Property, 2016; China Shanshui Cement, 2016; China Shanshui Cement, 2014, CNY; CLP Power, 2021; CNPC, 2021; CNPC, 2016; CNPC, 2041; Comision Federal de Electricidad, 2021; Country Garden, 2018; Croatia, 2018, EUR; Croatia, 2021; Cyfrowy Polsat, 2018, EUR; Development Bank of Kazahstan, 2015; Dominican Republic, 2021; Edcon, 2018; Edcon, 2018, EUR; Edenor, 2022; El Salvador, 2041; Elering, 2018, EUR; Emgesa, 2021, COP; Emirates Airlines, 2016; Empresa de Energia de Bogota, 2021; Energy Development Corp, 2021; Evergrande, 2014, CNY; Evergrande, 2016, CNY; Export-Import Bank of India, 2016, CHF; Fibria, 2021; Finansbank, 2016; First Gulf Bank, 2016, CHF; Franshion Properties, 2021; Fufeng Group, 2016; Grupo ICE, 2021; Hainan Airlines, 2014, CNY; Halyk Bank, 2021; Housing and Development Board, 2014, SGD; Hungary, 2019, EUR; Hungary, 2041; Hungary, 2021; ICICI Bank, 2016-2; Indonesia, 2021; IPIC, 2026, GBP; IPIC, 2021, EUR; IPIC, 2016, EUR; Itau Unibanco, 2021; Jamaica, 2019; Kerry Properties, 2021; Kiev, 2016 (LPN); Korea Finance Corporation, 2016, JPY; Korea Finance Corporation, 2014, JPY; Korea Finance Corporation, 2013, JPY; Lebanon, 2019-2; Lebanon, 2018, EUR; Lebanon, 2026; Lippo Karawaci, 2015; Marfrig, 2018; Melco Crown Entertainment, 2013, CNY; Metinvest Holding, 2018; Mexico, 2040; MIE Holdings, 2016; NACF, 2017; Nigeria, 2021; NII Holdings, 2021; NTPC, 2021; Pemex, 2041; Petrobras, 2018, EUR; Petrobras, 2026, GBP; Petrobras, 2022, EUR; Philippines, 2036, PHP; Philippines, 2026; Poland, 2021, EUR; Poland, 2022; POSCO, 2021; Promsvyazbank, 2014 (LPN); Russia, 2018-2, RUR; Russian Agricultural Bank, 2016-2, RUR (LPN); Sberbank, 2021 (LPN); Serbia, 2021; Shui On Land, 2015, CNY; Siam Commercial Bank, 2016; SID Bank, 2015, EUR; Sinochem, 2014, CNY; Slovakia, 2020; Slovenia, 2021; South Africa, 2041; State Bank of India, 2016, CHF; STATS ChipPAC, 2016; Syndicate Bank, 2016; Tarjeta Naranja, 2017; Tata Power, 2071; Telemar Norte Leste, 2016, BRL; Tencent, 2016; Texhong, 2016; TMK, 2018 (LPN); Transener, 2021; Turkey, 2041; Turkiye Garanti Bankasi, 2016 (FRN); Turkiye Garanti Bankasi, 2021; Ukreximbank, 2014, UAH; Union National Bank, 2016; Venezuela, 2031; West China Cement, 2016; Winsway Coking Coal, 2016
2 Citigroup 28,269 9.70%87122Abu Dhabi Islamic Bank, 2016; Advanced Semiconductor Engineering, 2014, CNY; Advanced Semiconductor Engineering, 2016, CNY; AES Gener, 2021; Akbank, 2018; ArcelorMittal, 2016; ArcelorMittal, 2041; ArcelorMittal, 2021; Bahrain, 2018; Banco Bradesco, 2016; Banco Bradesco, 2014, FRN; Banco de Bogota, 2017; Banco do Brasil, 2017; Bank of Baroda, 2016; Bank of China (Hong Kong), 2016; Bank of East Asia, 2022; BBVA Paraguay, 2016; Braskem, 2021; Canara Bank, 2016; CEMEX, 2018; China Resources Power Holdings, perp; CNOOC, 2041; CNOOC, 2021; CNPC, 2021; CNPC, 2016; CNPC, 2041; Colombia, 2021; Corporacion Lindley, 2021; Cyfrowy Polsat, 2018, EUR; Development Bank of Kazahstan, 2015; Dominican Republic, 2021; Emgesa, 2021, COP; Empresas CMPC, 2018; ENN Energy Holdings, 2021; Evergrande, 2014, CNY; Evergrande, 2016, CNY; Fibria, 2021; Finansbank, 2016; First Gulf Bank, 2016; Fufeng Group, 2016; Global Logistic Properties, 2018, CNY; Global Logistic Properties, perp, SGD; Global Logistic Properties, 2016, CNY; Grupo ACP, 2021; Grupo ICE, 2021; Guangzhou R&F Properties, 2016; Guangzhou R&F Properties, 2014, CNY; Halyk Bank, 2021; Hana Bank, 2017; Hana Bank, 2016; HCFB, 2014 (LPN); Hungary, 2041; Hungary, 2021; Hypermarcas, 2021; Hyundai Steel, 2016; ICICI Bank, 2016-2; ICTSI, perp (step-up); Indian Oil Corporation, 2021; Indian Overseas Bank, 2016; Indika Energy, 2018; Indonesia, 2018-2; Industrial Bank of Korea, 2016; Kaisa Group Holdings, 2014, CNY; Kia Motors, 2016; KOSEP, 2017; KWG Property Holdings, 2016; Latvia, 2021; LDK Solar, 2014, CNY; Lebanon, 2016-3; Lebanon, 2022; Lippo Karawaci, 2015; Longfor Properties, 2016; Lotte Shopping, 2016; Malaysia, 2021; Malaysia, 2016; Melco Crown Entertainment, 2013, CNY; NACF, 2017; Neuquen Province, 2021; Nigeria, 2021; NOVATEK, 2021 (LPN); NOVATEK, 2016 (LPN); NTPC, 2021; PDVSA, 2022; PDVSA, 2017-2; PERTAMINA, 2021; PERTAMINA, 2041; Perusahaan Listrik Negara, 2021; Petrobras, 2016; Petrobras, 2041; Petrobras, 2021; Philippines, 2036, PHP; Philippines, 2026; Poland, 2021-2; Poland, 2022; Qatar, 2017; Qatar, 2042; Qatar, 2022; Queiroz Galvao, 2018; Sappi, 2021; Sappi, 2018, EUR; South Africa, 2041; Syndicate Bank, 2016; Telemar Norte Leste, 2016, BRL; Teva Pharmaceutical Industries, 2013-1 (FRN); Teva Pharmaceutical Industries, 2016; Teva Pharmaceutical Industries, 2014-3; Teva Pharmaceutical Industries, 2021-2; Teva Pharmaceutical Industries, 2013-2(FRN); Teva Pharmaceutical Industries, 2021-1; Transener, 2021; Turk Eximbank, 2016; Ukreximbank, 2014, UAH; Union National Bank, 2016; Uruguay, 2028, UYU (Inflation-linked); Vedanta, 2021; Vedanta, 2016; VimpelCom, 2022; VimpelCom, 2016-2 (LPN); VimpelCom, 2017; VimpelCom, 2014 (FRN); VimpelCom, 2021 (LPN); ТСS Bank, 2014 (LPN)
3 HSBC 26,809 9.20%110148Abu Dhabi Islamic Bank, 2016; Afreximbank, 2016; Akbank, 2018; America Movil, 2026, GBP; Ballarpur Industries, perp (Step-up); Banco Bradesco, 2021; Banco Daycoval, 2016; Banco de Bogota, 2017; Banco do Brasil, 2017; Banco Santander Brasil, 2016; Banco Votorantim, 2016; Bank of Baroda, 2016; Bank of India, 2021; Bank of India, 2015; Baosteel, 2013, CNY; Baosteel, 2014, CNY; Baosteel, 2016, CNY; Beijing Enterprises, 2041; Beijing Enterprises, 2021; Braskem, 2041; Canara Bank, 2016; Celpa, 2016; CEMEX, 2018; CEZ, 2016, EUR; Chile, 2021; Chile, 2020, CLP; China Eastern Airlines, 2014, CNY; China Resources Land, 2016; China SCE Property, 2016; China Wind Power, 2014, CNY; CITIC Pacific, 2021; CITIC Pacific, perp (Step up); CLP Power, 2021; CNPC, 2021; CNPC, 2016; CNPC, 2014, CNY; CNPC, 2013, CNY; CNPC, 2041; Codelco, 2021; Croatia, 2018, EUR; Development Bank of Philippines, 2021; Doosan, 2016; Dubai, 2021; Emaar Properties, 2016; Emirates Airlines, 2016; Empresa Nacional de Autopistas, 2018 (Class B); Empresa Nacional de Autopistas, 2025 (Class A); ENAP, 2021; Far East Horizon, 2014, CNY; Far East Horizon, 2016, CNY; Finansbank, 2016; First Gulf Bank, 2016; Franshion Properties, 2021; Global Bio-chem, 2014, CNY; Hana Bank, 2017; Hana Bank, 2016; Henderson Land, 2016, SGD; Henderson Land, 2018, SGD; HKCG, 2016, CNY; Hongkong Electric, 2020; Housing and Development Board, 2021, SGD; HSBC Bank Middle East, 2016; HSBC Brasil, 2016; Hypermarcas, 2021; Hyundai Capital, 2017; Hyundai Steel, 2016; ICBC, 2021; ICBC, 2014, AUD (FRN); ICBC Asia, 2021, CNY; ICICI Bank, 2016-2; ICTSI, perp (step-up); IDBI Bank, 2014, CNY; Indian Overseas Bank, 2016; Indonesia, 2018-2; KDB, 2016-2; Kerry Properties, 2021; KEXIM, 2016; KEXIM, 2021-2; KOGAS, 2016, CAD; Korea National Oil Corporation, 2016; Kuveyt Turk Participation Bank, 2016; KWG Property Holdings, 2016; Lebanon, 2019; Lebanon, 2022; Longfor Properties, 2016; Malaysia, 2021; Malaysia, 2016; Maybank, 2021, SGD; MCC Group, 2016; Mexico, 2020-2; Montenegro, 2016, EUR; Mubadala, 2021; Mubadala, 2016; Neptune Orient Lines, 2021, SGD; NWS Holdings, 2014, CNY; Odebrecht, 2023; Odebrecht, perp-2; OGX, 2018; Pacific Andes, 2014, CNY; PCD Stores, 2014, CNY; Pemex, 2021 (Exch); Pemex, 2021, MXN; PERTAMINA, 2021; PERTAMINA, 2041; Petrobras, 2016; Petrobras, 2018, EUR; Petrobras, 2026, GBP; Petrobras, 2041; Petrobras, 2021; Petrobras, 2022, EUR; Philippines, 2036, PHP; Philippines, 2026; Ping An, 2014, CNY; Poland, 2022; Powerlong Real Estate, 2014, CNY; Qatar, 2017; Qatar, 2042; Qatar, 2022; Queiroz Galvao, 2018; Russia, 2018-2, RUR; Sberbank, 2021 (LPN); Sharjah Islamic Bank, 2016; Shinhan Bank, 2016; SID Bank, 2015, EUR; SingTel, 2021; Sino-Ocean Land, perp (step-up); Slovenia, 2021; SMC Global Power, 2016; Sri Lanka, 2021; Syndicate Bank, 2016; Telemar Norte Leste, 2016, BRL; Tencent, 2016; Teva Pharmaceutical Industries, 2013-1 (FRN); Teva Pharmaceutical Industries, 2016; Teva Pharmaceutical Industries, 2014-3; Teva Pharmaceutical Industries, 2021-2; Teva Pharmaceutical Industries, 2013-2(FRN); Teva Pharmaceutical Industries, 2021-1; Turkey, 2022; Union National Bank, 2016; United Overseas Bank, 2014, AUD (FRN); United Overseas Bank, 2021, SGD; Uruguay, 2028, UYU (Inflation-linked); VimpelCom, 2022; VimpelCom, 2017; VimpelCom, 2014 (FRN); Woori Bank, 2021; Yanlord Land, 2018
4 JP Morgan 26,628 9.13%86121Abu Dhabi Commercial Bank, 2016; America Movil, 2040 (Exch); America Movil, 2016; ArcelorMittal, 2016; ArcelorMittal, 2041; ArcelorMittal, 2021; Arcos Dorados, 2016, BRL; Automotores Gildemeister, 2021; Banco Bradesco, 2021; Banco de Bogota, 2017; Banco de Credito del Peru, 2016; Banco do Brasil, 2017; Banco do Brasil, 2022; Banco Safra, 2021; Banco Safra, 2016, BRL; Banco Santander Chile, 2016 (FRN); Bancolombia, 2021; Bancolombia, 2016; Bank of Baroda, 2016; BTG Pactual, 2016; Capex, 2018; CEMEX, 2015 (FRN); Cencosud, 2021; Cheung Kong Infrastructure Holdings, perp-2, SGD; China Liansu, 2016; CNOOC, 2041; CNOOC, 2021; Corporacion Lindley, 2021; Country Garden, 2018; Croatia, 2021; Development Bank of Kazahstan, 2015; Development Bank of Philippines, 2021; Dominican Republic, 2021; Edenor, 2022; Empresas CMPC, 2018; ENAP, 2021; Energy Development Corp, 2021; Eskom, 2021; Ferrexpo, 2016; First Citizens, 2016; FirstRand, 2016; Foodcorp, 2018, EUR; Gazprom, 2021 (LPN25); Gazprom, 2016-2 (LPN24); Georgia, 2021; Global Logistic Properties, 2018, CNY; Global Logistic Properties, perp, SGD; Global Logistic Properties, 2016, CNY; Grupo de Inversiones Suramericana, 2021; Guaranty Trust Bank, 2016; Gulf International Bank, 2014 (FRN); Hainan Airlines, 2014, CNY; Hana Bank, 2013, JPY; Hana Bank, 2014, JPY; Hyundai Capital, 2017; Hyundai Capital, 2016; Hyundai Steel, 2016; IFH Peru, 2018; Indian Overseas Bank, 2016; Indonesia, 2021; Inversiones Alsacia, 2018; IPIC, 2041; IPIC, 2017; IPIC, 2022; JBS, 2021; Kansas City Southern de Mexico, 2021; KazKommerzBank, 2018; KEXIM, 2016, TWD; KEXIM, 2015, CNY; KEXIM, 2016, HKD; KEXIM, 2013, IDR; KEXIM, 2014, IDR; KEXIM, 2021-2; KEXIM, 2016, IDR; KEXIM, 2014-1, CNY; Kookmin Bank, 2017; Lithuania, 2021-2; Marfrig, 2018; Metalloinvest, 2016; Montenegro, 2016, EUR; Navios Logistics, 2019; NII Holdings, 2021; OGX, 2018; Pemex, 2041; Petrobras, 2016; Petrobras, 2041; Petrobras, 2021; Philippines, 2036, PHP; Philippines, 2026; Promsvyazbank, 2014 (LPN); Qatar, 2017; Qatar, 2042; Qatar, 2022; Raghsa, 2017; Road King Infrastructure, 2014, CNY; Russia, 2018-2, RUR; Russian Agricultural Bank, 2016-2, RUR (LPN); Russian Agricultural Bank, 2021 (LPN); Sappi, 2021; Sappi, 2018, EUR; Sberbank, 2021 (LPN); Serbia, 2021; Shinhan Bank, 2016; Sigma Alimentos, 2018; Syndicate Bank, 2016; Teva Pharmaceutical Industries, 2013-1 (FRN); Teva Pharmaceutical Industries, 2016; Teva Pharmaceutical Industries, 2014-3; Teva Pharmaceutical Industries, 2021-2; Teva Pharmaceutical Industries, 2013-2(FRN); Teva Pharmaceutical Industries, 2021-1; Turkey, 2041; Turkiye Garanti Bankasi, 2016 (FRN); Turkiye Garanti Bankasi, 2021; Turkiye Is Bankasi, 2016; Ukraine, 2016-2; Ukraine, 2021; Votorantim Cimentos, 2041; VTB, 2018-2 (LPN); Woori Bank, 2021; Yanlord Land, 2018
5 Bank of America Merrill Lynch 16,585 5.69%7085Abu Dhabi Commercial Bank, 2016; America Movil, 2040 (Exch); America Movil, 2016; ArcelorMittal, 2016; ArcelorMittal, 2041; ArcelorMittal, 2021; Arcos Dorados, 2016, BRL; Banco Bradesco, 2021; Banco de Credito del Peru, 2026; Banco de Credito del Peru, 2016; Banco do Brasil, 2022; Banco Industrial , 2021; Banco Safra, 2021; Banco Safra, 2015, BRL; Bancolombia, 2021; Beijing Enterprises, 2041; Beijing Enterprises, 2021; Beijing Enterprises Water Group, 2014, CNY; Beijing Enterprises Water Group, 2016, CNY; Braskem, 2041; Brazil, 2041; Buenos Aires, 2015-2; Buenos Aires, 2021; Canara Bank, 2016; CEMEX, 2015 (FRN); Cimento Tupi, 2018; CNOOC, 2041; CNOOC, 2021; CNPC, 2021; CNPC, 2016; CNPC, 2041; Colombia, 2021; Comision Federal de Electricidad, 2021; Empresas ICA, 2021; Empresas Publicas de Medellin, 2021, COP; Energisa, perp; Eskom, 2021; Evergrande, 2014, CNY; Evergrande, 2016, CNY; General Shopping Brasil, perp; Grupo de Inversiones Suramericana, 2021; Hana Bank, 2017; Hyundai Capital, 2017; Hyundai Steel, 2016; IFH Peru, 2018; IMPSA, 2020; Indian Railway Finance Corp, 2016; Inkia Energy, 2021; Inversiones Alsacia, 2018; Itau Unibanco, 2021-2; Javer, 2021; JBS, 2021; Kansas City Southern de Mexico, 2021; KDB, 2017; KDB, 2016-2; KEXIM, 2016; KEXIM, 2021-2; Kia Motors, 2016; KOGAS, 2016, CAD; Koks, 2016 (LPN); Korea Finance Corporation, 2021; Korea National Oil Corporation, 2016; Lippo Karawaci, 2015; Melco Crown Entertainment, 2013, CNY; Metalloinvest, 2016; Mexico, 2040; MIE Holdings, 2016; Mriya Agro Holding, 2016; NACF, 2017; Navios Logistics, 2019; Odebrecht, 2023; Pacific Rubiales, 2021; Shinhan Bank, 2016; Sigma Alimentos, 2018; Sri Lanka, 2021; Syndicate Bank, 2016; TAQA, 2021; TAQA, 2017; Tarjeta Naranja, 2017; Telemar Norte Leste, 2016, BRL; Turkey, 2022; Votorantim Cimentos, 2041; Wharf Holdings, 2026, JPY; Winsway Coking Coal, 2016; Woori Bank, 2021
6 Barclays Capital 16,262 5.58%6090Banco BMG, 2014; Banco BMG, 2018; Banco Cruzeiro do Sul, 2016-2; Banco Safra, 2014; Banco Santander Brasil, 2016; Bank Ochrony Srodowiska, 2016, EUR; Bank of Baroda, 2016; Bank of India, 2021; Bank of India, 2015; Brazil, 2041; CEZ, 2021-3, EUR (inflation-linked); China Shanshui Cement, 2016; CNOOC, 2041; CNOOC, 2021; Colombia, 2021; Croatia, 2021; Czech Railways, 2016, EUR; Dominican Republic, 2021; Edcon, 2018; Edcon, 2018, EUR; Empresas Publicas de Medellin, 2021, COP; ENN Energy Holdings, 2021; Eskom, 2021; Foodcorp, 2018, EUR; Gazprombank, 2013-2, CHF (LPN); Hana Bank, 2017; Hana Bank, 2016; Hong Leong Bank, 2016; ICBC, 2021; IPIC, 2041; IPIC, 2017; IPIC, 2022; JBS, 2021; KDB, 2014-2, JPY; KDB, 2013, JPY; KDB, 2012-2, JPY; KDB, 2016, JPY; KEXIM, 2012, SGD; KOGAS, 2019, CHF; KOGAS, 2016, CHF; Korea Finance Corporation, 2016, JPY; Korea Finance Corporation, 2014, JPY; Korea Finance Corporation, 2013, JPY; Korea Hydro & Nuclear Power, 2021; Korea National Oil Corporation, 2016; Korea National Oil Corporation, 2016-2, HKD; MCC Group, 2016; Mexico, 2020-2; Mubadala, 2021; Mubadala, 2016; Namibia, 2021; Neuquen Province, 2021; NTPC, 2021; Perusahaan Listrik Negara, 2021; POSCO, 2021; PTTEP, 2021; Russian Agricultural Bank, 2021 (LPN); RZD, 2031, GBP (LPN); Severstal, 2016 (LPN); Siam Commercial Bank, 2016; SingTel, 2018 (FRN); Slovakia, 2020; Slovenia, 2021; Sri Lanka, 2021; Syndicate Bank, 2016; Teva Pharmaceutical Industries, 2013-1 (FRN); Teva Pharmaceutical Industries, 2016; Teva Pharmaceutical Industries, 2014; Teva Pharmaceutical Industries, 2014-3; Teva Pharmaceutical Industries, 2021-2; Teva Pharmaceutical Industries, 2014 (FRN); Teva Pharmaceutical Industries, 2013-2(FRN); Teva Pharmaceutical Industries, 2021-1; TMK, 2018 (LPN); Transnet, 2016; Turk Eximbank, 2016; Turkey, 2041; Union Bank of India, 2015, CHF; Vedanta, 2021; Vedanta, 2016; VimpelCom, 2022; VimpelCom, 2016-2 (LPN); VimpelCom, 2017; VimpelCom, 2014 (FRN); VimpelCom, 2021 (LPN); Vnesheconombank, 2016, CHF; Woori Bank, 2021; Woori Bank, 2012-2, JPY; Woori Bank, 2013, JPY; Woori Bank, 2012, JPY
7 Credit Suisse 14,073 4.83%4456African Bank, 2016; America Movil, 2017, CHF; America Movil, 2019, EUR; Bakrie Telecom, 2015; Banco Santander Brasil, 2014, CHF; Beijing Enterprises, 2041; Beijing Enterprises, 2021; BNDES, 2016, CHF; BR Properties, perp; China Shanshui Cement, 2016; China Shanshui Cement, 2014, CNY; Development Bank of Philippines, 2021; Eletrobras, 2021; Grupo Virgolino de Oliveira, 2018; Guangzhou R&F Properties, 2016; Guangzhou R&F Properties, 2014, CNY; Hoang Anh Gia Lai, 2016; Hyundai Steel, 2016; Inkia Energy, 2021; Javer, 2021; KDB, 2017; KEXIM, 2021-2; Kiev, 2016 (LPN); Koks, 2016 (LPN); Korea Finance Corporation, 2021; Korea Finance Corporation, 2015, CHF; Korea National Oil Corporation, 2016, CHF; Latvia, 2021; Lonking, 2016; Magyar Telekom, 2016; Metalloinvest, 2016; Metinvest Holding, 2018; Mexico, 2110; National Road Operating and Construction Company, 2024; NII Holdings, 2021; OGX, 2018; Oschadbank, 2016; PDVSA, 2022; PERTAMINA, 2021; PERTAMINA, 2041; Philippines, 2036, PHP; PKO Bank Polski, 2016, CHF; Poland, 2016, CHF; Tencent, 2016; Teva Pharmaceutical Industries, 2013-1 (FRN); Teva Pharmaceutical Industries, 2016; Teva Pharmaceutical Industries, 2014-3; Teva Pharmaceutical Industries, 2021-2; Teva Pharmaceutical Industries, 2013-2(FRN); Teva Pharmaceutical Industries, 2021-1; Ukreximbank, 2014, UAH; VEB-Leasing, 2016 (LPN); Vedanta, 2021; Vedanta, 2016; Venezuela, 2026; VTB, 2015, CHF (LPN)
8 Goldman Sachs 12,763 4.38%4869Afren, 2016; African Bank, 2016; Alfa Bank, 2021 (LPN); Banco Bradesco, 2016; Banco Bradesco, 2014, FRN; Banco Daycoval, 2016; BBVA Bancomer, 2016; BBVA Bancomer, 2021; Beijing Enterprises Water Group, 2014, CNY; Beijing Enterprises Water Group, 2016, CNY; Brazil, 2021; China Resources Power Holdings, perp; CNOOC, 2041; CNOOC, 2021; Cofco, 2014, CNY; Comision Federal de Electricidad, 2021; Country Garden, 2018; Development Bank of Philippines, 2021; Edcon, 2018; Edcon, 2018, EUR; Evraz Group, 2018-2; Fosun, 2016; Georgia, 2021; Global Logistic Properties, 2018, CNY; Global Logistic Properties, perp, SGD; Global Logistic Properties, 2016, CNY; Guangzhou R&F Properties, 2016; Guangzhou R&F Properties, 2014, CNY; Indika Energy, 2018; IPIC, 2041; IPIC, 2026, GBP; IPIC, 2017; IPIC, 2021, EUR; IPIC, 2022; IPIC, 2016, EUR; KDB, 2017; KEXIM, 2021-2; KOGAS, 2016, JPY; Korea Hydro & Nuclear Power, 2021; KOSEP, 2017; MCC Group, 2016; Mexico, 2110; NII Holdings, 2021; Pemex, 2041; Philippines, 2026; Poland, 2021-2; Polskie Koleje Panstwowe, 2016, EUR; POSCO, 2021; RZD, 2031, GBP (LPN); Severstal, 2016 (LPN); Sino-Ocean Land, perp (step-up); Slovenia, 2021; Tata Power, 2071; Tencent, 2016; Teva Pharmaceutical Industries, 2013-1 (FRN); Teva Pharmaceutical Industries, 2016; Teva Pharmaceutical Industries, 2014; Teva Pharmaceutical Industries, 2014-3; Teva Pharmaceutical Industries, 2021-2; Teva Pharmaceutical Industries, 2014 (FRN); Teva Pharmaceutical Industries, 2013-2(FRN); Teva Pharmaceutical Industries, 2021-1; Transnet, 2016; Turkiye Garanti Bankasi, 2016 (FRN); Turkiye Garanti Bankasi, 2021; VEB-Leasing, 2016 (LPN); VTB, 2018-2 (LPN); Winsway Coking Coal, 2016; ТСS Bank, 2014 (LPN)
9 BNP Paribas 11,229 3.85%4160Afren, 2016; Agrokor, 2016, EUR; Bahrain, 2018; Banco do Brasil, 2016, EUR; Banco do Brasil, 2022; Banco Votorantim, 2016; Belarus, 2018; BNDES, 2016, CHF; CEMEX, 2018; CEZ, 2016, EUR; CheilJedang, 2014, CNY; Coelba, 2016, BRL; Export-Import Bank of India, 2016, CHF; Gazprom, 2021 (LPN25); Gazprom, 2016-2 (LPN24); Hungarian Development Bank, 2016, EUR; Hungary, 2041; Hungary, 2021; Hyundai Capital, 2013, CHF; Hyundai Capital, 2017; Hyundai Capital, 2016, CHF; Indian Oil Corporation, 2021; Industrial Bank of Korea, 2016; IPIC, 2026, GBP; IPIC, 2021, EUR; IPIC, 2016, EUR; Jamaica, 2019; KEXIM, 2015, CHF; Kookmin Bank, 2017; Korea National Oil Corporation, 2021, HKD; Korea National Oil Corporation, 2016, SGD; Korea National Oil Corporation, 2016, HKD; Lithuania, 2021-2; Lotte Shopping, 2016; Metalloinvest, 2016; Nitrogenmuvek, 2013, EUR (Step-up); NOVATEK, 2021 (LPN); NOVATEK, 2016 (LPN); Pemex, 2041; PKO Bank Polski, 2016, CHF; Poland, 2016, CHF; POSCO, 2021; Shinhan Bank, 2016; SingTel, 2021; State Bank of India, 2016, CHF; Teva Pharmaceutical Industries, 2013-1 (FRN); Teva Pharmaceutical Industries, 2016; Teva Pharmaceutical Industries, 2014-3; Teva Pharmaceutical Industries, 2021-2; Teva Pharmaceutical Industries, 2013-2(FRN); Teva Pharmaceutical Industries, 2021-1; Turk Ekonomi Bankasi, 2023, EUR (FRN); VimpelCom, 2022; VimpelCom, 2016-2 (LPN); VimpelCom, 2017; VimpelCom, 2014 (FRN); VimpelCom, 2021 (LPN); Vnesheconombank, 2016, CHF; VTB, 2015, CHF (LPN); Woori Bank, 2021
10 Standard Chartered Bank 10,281 3.53%6278Abu Dhabi Commercial Bank, 2016; Abu Dhabi Islamic Bank, 2016; African Bank, 2016; Akbank, 2018; Bahrain, 2018; Banco Daycoval, 2016; Bank of Baroda, 2016; Bank of India, 2021; Bank of India, 2015; Baosteel, 2013, CNY; Baosteel, 2014, CNY; Baosteel, 2016, CNY; Beijing Enterprises Water Group, 2014, CNY; Beijing Enterprises Water Group, 2016, CNY; China Merchants Bank, 2014; China Merchants Bank, 2016, CNY; China Merchants Bank, 2014, CNY; China Power New Energy Development, 2014, CNY; China Shanshui Cement, 2016; CLP Power, 2021; CNPC, 2021; CNPC, 2016; CNPC, 2041; Doosan, 2016; Emaar Properties, 2016; Far East Horizon, 2014, CNY; Finansbank, 2016; First Gulf Bank, 2016; FirstRand, 2016; Fosun, 2016; Hana Bank, 2016; Henderson Land, 2018, SGD; Hong Leong Bank, 2016; Hongkong Electric, 2020; Housing and Development Board, 2021, SGD; Hyundai Capital, 2016; ICBC, 2021; Indian Overseas Bank, 2016; Indika Energy, 2018; Indonesia, 2018-2; KDB, 2016-2; KEXIM, 2016; Kuveyt Turk Participation Bank, 2016; KWG Property Holdings, 2016; Lebanon, 2019-2; Lebanon, 2018, EUR; Lebanon, 2026; Longfor Properties, 2016; Lonking, 2016; Maybank, 2021, SGD; Mubadala, 2021; Mubadala, 2016; NACF, 2017; Neptune Orient Lines, 2021, SGD; Overseas Union Enterprise, 2014, SGD; Pacific Andes, 2014, CNY; Qatar, 2017; Qatar, 2042; Qatar, 2022; Rural Electrification Corp, 2016; Senegal, 2021; Sharjah Islamic Bank, 2016; Shimao Property Holdings, 2018; Shui On Land, 2015, CNY; SMC Global Power, 2016; Standard Chartered Bank (Hong Kong), 2021, SGD; Sun Hung Kai Properties, 2016; Syndicate Bank, 2016; TAQA, 2021; TAQA, 2017; Turkiye Garanti Bankasi, 2016 (FRN); Turkiye Garanti Bankasi, 2021; Turkiye Is Bankasi, 2016; Union National Bank, 2016; United Overseas Bank, 2021, SGD; Vedanta, 2021; Vedanta, 2016; ZhongCe Rubber, 2014, CNY
11 RBS 10,237 3.51%5873Abu Dhabi Commercial Bank, 2015, CHF; Ballarpur Industries, perp (Step-up); Banco Santander Brasil, 2014, CHF; Banco Votorantim, 2016; Bank of India, 2021; Bank of India, 2015; Belarus, 2018; Canara Bank, 2016; CEMEX, 2015 (FRN); CEMEX, 2018; China Liansu, 2016; China Power New Energy Development, 2014, CNY; CLP Power, 2021; Cyfrowy Polsat, 2018, EUR; Dubai, 2021; Emaar Properties, 2016; ENN Energy Holdings, 2021; Franshion Properties, 2021; Gulf Investment Corp, 2016, MYR; Hong Leong Bank, 2016; Hongkong Electric, 2020; Hyundai Capital, 2016; ICICI Bank, 2016-2; Indian Oil Corporation, 2021; Indian Overseas Bank, 2016; Industrial Bank of Korea, 2016; KDB, 2016-2; KEXIM, 2015, CHF; KEXIM, 2016; Khazanah Nasional, 2014, CNY; KOGAS, 2019, CHF; KOGAS, 2016, CHF; Kookmin Bank, 2017; Korea Finance Corporation, 2021; Korea Finance Corporation, 2015, CHF; Korea Hydro & Nuclear Power, 2021; Korea National Oil Corporation, 2016; Lithuania, 2021-2; Melco Crown Entertainment, 2013, CNY; Metalloinvest, 2016; Metinvest Holding, 2018; Mriya Agro Holding, 2016; NOVATEK, 2021 (LPN); NOVATEK, 2016 (LPN); NTPC, 2021; OCBC, 2014, AUD (FRN); Pemex, 2041; Poland, 2021-2; Powerlong Real Estate, 2014, CNY; Renaissance Capital, 2016; Rural Electrification Corp, 2016; Sappi, 2021; Sappi, 2018, EUR; Sberbank, 2021 (LPN); Shinhan Bank, 2016; Singamas, 2014, CNY; Sri Lanka, 2021; Syndicate Bank, 2016; TAQA, 2021; TAQA, 2017; TPV Technology, 2014, CNY; Turkiye Is Bankasi, 2016; Vedanta, 2021; Vedanta, 2016; VimpelCom, 2022; VimpelCom, 2016-2 (LPN); VimpelCom, 2017; VimpelCom, 2014 (FRN); VimpelCom, 2021 (LPN); Woori Bank, 2012-2, JPY; Woori Bank, 2013, JPY; Woori Bank, 2012, JPY; Yanlord Land, 2018
12 UBS 8,162 2.80%4759Abu Dhabi Commercial Bank, 2015, CHF; Agroton, 2014; Alfa Bank, 2021 (LPN); Banco BVA, 2014; Banco Cruzeiro do Sul, 2016-2; Banco Cruzeiro do Sul, 2014; Banco Galicia, 2018; Banco Safra, 2021; Banco Safra, 2014; Banco Safra, 2016, BRL; Bank of East Asia, 2022; Bank of Moscow, 2013, SGD; Beijing Enterprises, 2041; Beijing Enterprises, 2021; BYD, 2014, CNY; CEZ, 2021-4, EUR; China Automation Group, 2016; China Resources Power Holdings, perp; China Shanshui Cement, 2014, CNY; China South City, 2016; CITIC Pacific, 2021; CITIC Pacific, perp (Step up); Dubai, 2021; Export-Import Bank of India, 2016, CHF; Ferrexpo, 2016; FirstRand, 2016; Fosun, 2016; Gazprombank, 2013-2, CHF (LPN); Grupo Elektra, 2018; Hana Bank, 2013, JPY; Hana Bank, 2014, JPY; Hopson Development, 2016; Hyundai Capital, 2013, CHF; Hyundai Capital, 2016, CHF; ICBC, 2021; IMPSA, 2020; Indika Energy, 2018; Indonesia, 2021; KazKommerzBank, 2018; KDB, 2016-2; KEXIM, 2015, CHF; KEXIM, 2016; KOGAS, 2019, CHF; KOGAS, 2016, CHF; KOGAS, 2016, JPY; Kookmin Bank, 2017; Korea National Oil Corporation, 2016, CHF; Longyuan Power, 2013, CNY; Longyuan Power, 2014, CNY; Megaworld Corp, 2018; Mriya Agro Holding, 2016; Philippines, 2036, PHP; Philippines, 2026; Renaissance Capital, 2016; Shui On Land, 2015, CNY; State Bank of India, 2016, CHF; Tata Power, 2071; TMK, 2018 (LPN); Woori Bank, 2021
13 Morgan Stanley 7,875 2.70%4364America Movil, 2016, JPY; America Movil, 2014, JPY; Bakrie Telecom, 2015; Banco BMG, 2018; Banco de Credito del Peru, 2026; Banco Santander Brasil, 2016; Beijing Enterprises, 2041; Beijing Enterprises, 2021; Beijing Enterprises Water Group, 2014, CNY; Beijing Enterprises Water Group, 2016, CNY; Braskem, 2041; China Development Bank, 2021, CNY; Cosan, perp-2; Edcon, 2018; Edcon, 2018, EUR; Emirates Airlines, 2016; Empresas ICA, 2021; Energisa, perp; Ferrexpo, 2016; Fininpro, 2018; Guangzhou R&F Properties, 2016; Guangzhou R&F Properties, 2014, CNY; Guaranty Trust Bank, 2016; Hana Bank, 2013, JPY; Hana Bank, 2014, JPY; Henderson Land, 2018, SGD; Hyundai Capital, 2017; Hyundai Capital, 2016; Industrial Bank of Korea, 2016; Itau Unibanco, 2021; JBS, 2021; KDB, 2014-2, JPY; KDB, 2013, JPY; KDB, 2012-2, JPY; KDB, 2016, JPY; KEXIM, 2016-2, JPY; Kia Motors, 2016; Korea Hydro & Nuclear Power, 2021; KOSEP, 2017; LDK Solar, 2014, CNY; Longfor Properties, 2016; MCC Group, 2016; National Bank of Abu Dhabi, 2026, JPY; NII Holdings, 2021; Oschadbank, 2016; Pemex, 2021 (Exch); Pemex, 2021, MXN; Shimao Property Holdings, 2018; SingTel, 2021; SPG Land, 2016; Telemar Norte Leste, 2016, BRL; Teva Pharmaceutical Industries, 2013-1 (FRN); Teva Pharmaceutical Industries, 2016; Teva Pharmaceutical Industries, 2014; Teva Pharmaceutical Industries, 2014-3; Teva Pharmaceutical Industries, 2021-2; Teva Pharmaceutical Industries, 2014 (FRN); Teva Pharmaceutical Industries, 2013-2(FRN); Teva Pharmaceutical Industries, 2021-1; Ukraine, 2016-2; Ukraine, 2021; Woori Bank, 2012-2, JPY; Woori Bank, 2013, JPY; Woori Bank, 2012, JPY
14 Santander 7,352 2.52%1827Banco Santander Brasil, 2016; Banco Santander Brasil, 2014 (FRN); Banco Santander Chile, 2016 (FRN); Braskem, 2021; Brazil, 2021; CEMEX, 2018; Cencosud, 2021; Eletrobras, 2021; Empresa de Energia de Bogota, 2021; Empresas ICA, 2021; Energisa, perp; Fibria, 2021; GEO, 2021; Grupo Virgolino de Oliveira, 2018; IPIC, 2026, GBP; IPIC, 2021, EUR; IPIC, 2016, EUR; Pemex, 2021 (Exch); Pemex, 2021, MXN; Petrobras, 2016; Petrobras, 2018, EUR; Petrobras, 2026, GBP; Petrobras, 2041; Petrobras, 2021; Petrobras, 2022, EUR; Queiroz Galvao, 2018; TAM, 2021
15 Mitsubishi UFJ Financial Group 4,140 1.42%1426Afreximbank, 2016; America Movil, 2016, JPY; America Movil, 2014, JPY; Codelco, 2021; ENAP, 2021; FirstRand, 2016; Hana Bank, 2013, JPY; Hana Bank, 2014, JPY; IPIC, 2041; IPIC, 2017; IPIC, 2022; KDB, 2014-2, JPY; KDB, 2013, JPY; KDB, 2012-2, JPY; KDB, 2016, JPY; National Bank of Abu Dhabi, 2026, JPY; Panama, 2021, JPY; Qatar, 2017; Qatar, 2042; Qatar, 2022; TAQA, 2021; TAQA, 2017; Turkey, 2021, JPY; Woori Bank, 2012-2, JPY; Woori Bank, 2013, JPY; Woori Bank, 2012, JPY
16 VTB Capital 4,065 1.39%1216Agroton, 2014; Evraz Group, 2018-2; Fininpro, 2018; Kiev, 2016 (LPN); Koks, 2016 (LPN); Metalloinvest, 2016; Metinvest Holding, 2018; Russia, 2018-2, RUR; Russian Agricultural Bank, 2016-2, RUR (LPN); Russian Agricultural Bank, 2021 (LPN); RZD, 2031, GBP (LPN); Ukraine, 2016-2; Ukraine, 2021; VTB, 2015, CHF (LPN); VTB, 2014, SGD; VTB, 2018-2 (LPN)
17 ING Wholesale Banking London 3,487 1.20%1618Bank Ochrony Srodowiska, 2016, EUR; Bank of Moscow, 2013, SGD; Evraz Group, 2018-2; Hungarian Development Bank, 2016, EUR; Hungary, 2019, EUR; Hyundai Capital, 2016; Kookmin Bank, 2017; Metalloinvest, 2016; Metinvest Holding, 2018; Poland, 2021, EUR; Shinhan Bank, 2016; Singamas, 2014, CNY; Slovakia, 2020; Slovenia, 2026; Turk Eximbank, 2016; VimpelCom, 2022; VimpelCom, 2017; VimpelCom, 2014 (FRN)
18 Itau Unibanco 3,453 1.18%1619Arcos Dorados, 2016, BRL; Banco Votorantim, 2016, BRL (inflation-linked); BR Properties, perp; Celpa, 2016; Coelba, 2016, BRL; Cresud, 2014; Empresas CMPC, 2018; Grupo Virgolino de Oliveira, 2018; Hypermarcas, 2021; Itau Unibanco, 2021-2; Itau Unibanco, 2021; Marfrig, 2018; OGX, 2018; Petrobras, 2016; Petrobras, 2041; Petrobras, 2021; Raghsa, 2017; Telemar Norte Leste, 2016, BRL; Votorantim Cimentos, 2041
19 Societe Generale 3,342 1.15%811Czech Railways, 2016, EUR; Hungarian Development Bank, 2016, EUR; IPIC, 2041; IPIC, 2017; IPIC, 2022; Metalloinvest, 2016; Mubadala, 2021; Mubadala, 2016; Poland, 2021, EUR; Romania, 2016, EUR; Slovenia, 2026
20 BOC International 3,255 1.12%1724Bank of China (Hong Kong), 2016; China Merchants Bank, 2016, CNY; China Merchants Bank, 2014, CNY; China Resources Land, 2016; China Shanshui Cement, 2014, CNY; China South City, 2016; CNOOC, 2041; CNOOC, 2021; CNPC, 2021; CNPC, 2016; CNPC, 2014, CNY; CNPC, 2013, CNY; CNPC, 2041; Cofco, 2014, CNY; ENN Energy Holdings, 2021; Evergrande, 2014, CNY; Evergrande, 2016, CNY; ICBC Asia, 2021, CNY; Kerry Properties, 2021; Khazanah Nasional, 2014, CNY; Sino-Ocean Land, perp (step-up); Sinotrans Shipping, 2014, CNY; Zhongsheng Group, 2014, CNY; Zijin Mining Group, 2016
21 UniCredit Group 2,974 1.02%912Agrokor, 2016, EUR; CEZ, 2016, EUR; Croatia, 2018, EUR; Hungary, 2019, EUR; IPIC, 2026, GBP; IPIC, 2021, EUR; IPIC, 2016, EUR; Poland, 2021, EUR; Sappi, 2021; Sappi, 2018, EUR; SID Bank, 2015, EUR; Slovenia, 2026
22 Credit Agricole CIB 2,742 0.94%914Akbank, 2018; Cyfrowy Polsat, 2018, EUR; HCFB, 2014 (LPN); IPIC, 2026, GBP; IPIC, 2021, EUR; IPIC, 2016, EUR; NACF, 2017; Petrobras, 2018, EUR; Petrobras, 2026, GBP; Petrobras, 2022, EUR; Rural Electrification Corp, 2016; Sappi, 2021; Sappi, 2018, EUR; Slovenia, 2026
23 Erste Group (including Slovenska Sporitelna) 2,429 0.83%59CEZ, 2016, EUR; CEZ, 2023, CZK; Czech Export Bank, 2013-3, EUR (FRN); Czech Export Bank, 2021, EUR; Czech Export Bank, 2021, CZK (FRN); Czech Export Bank, 2018, CZK (FRN); Czech Railways, 2016, EUR; Romania, 2016, EUR; Slovakia, 2020
24 Banco Bradesco 2,207 0.76%914Banco BMG, 2014; Banco BMG, 2018; Banco Bradesco, 2016; Banco Bradesco, 2021; Banco Bradesco, 2014, FRN; Banco do Brasil, 2017; Banco Votorantim, 2016; BTG Pactual, 2016; Celpa, 2016; Hypermarcas, 2021; Marfrig, 2018; Petrobras, 2018, EUR; Petrobras, 2026, GBP; Petrobras, 2022, EUR
25 BB Securities 2,142 0.73%712Banco do Brasil, 2017; Banco do Brasil, 2016, EUR; Banco do Brasil, 2022; Banco Votorantim, 2016; Banco Votorantim, 2016, BRL (inflation-linked); Coelba, 2016, BRL; JBS, 2021; Marfrig, 2018; Petrobras, 2018, EUR; Petrobras, 2026, GBP; Petrobras, 2022, EUR; TAM, 2021
26 Daiwa Securities Group Inc. 2,055 0.70%811Hana Bank, 2013, JPY; Hana Bank, 2014, JPY; KDB, 2017; KEXIM, 2021-2; Korea Finance Corporation, 2016, JPY; Korea Finance Corporation, 2014, JPY; Korea Finance Corporation, 2013, JPY; Panama, 2021, JPY; Poland, 2015, JPY; Turkey, 2021, JPY; Uruguay, 2021, JPY
27 DBS Bank 1,670 0.57%1317Baosteel, 2013, CNY; Baosteel, 2014, CNY; Baosteel, 2016, CNY; Beijing Enterprises Water Group, 2014, CNY; Beijing Enterprises Water Group, 2016, CNY; Cheung Kong Infrastructure Holdings, perp-2, SGD; China Resources Land, 2016; Global Logistic Properties, perp, SGD; Henderson Land, 2016, SGD; Henderson Land, 2018, SGD; Housing and Development Board, 2021, SGD; Maybank, 2021, SGD; Neptune Orient Lines, 2021, SGD; Pacific Andes, 2014, CNY; Road King Infrastructure, 2014, CNY; Singamas, 2014, CNY; Straits Trading Company, 2016, SGD
28 BTG Pactual 1,608 0.55%79Banco BMG, 2018; BR Malls, perp 2; BTG Pactual, 2016; General Shopping Brasil, perp; Grupo Virgolino de Oliveira, 2018; Petrobras, 2016; Petrobras, 2041; Petrobras, 2021; TAM, 2021
29 Mizuho Corporate Bank 1,448 0.50%613America Movil, 2016, JPY; America Movil, 2014, JPY; KDB, 2017; KDB, 2014-2, JPY; KDB, 2013, JPY; KDB, 2012-2, JPY; KDB, 2016, JPY; KOGAS, 2016, JPY; Korea Finance Corporation, 2016, JPY; Korea Finance Corporation, 2014, JPY; Korea Finance Corporation, 2013, JPY; Shinhan Bank, 2016; Turkey, 2021, JPY
30 ICBC 1,186 0.41%1016Baosteel, 2013, CNY; Baosteel, 2014, CNY; Baosteel, 2016, CNY; China Merchants Bank, 2016, CNY; China Merchants Bank, 2014, CNY; CNPC, 2021; CNPC, 2016; CNPC, 2041; ICBC, 2021; ICBC Asia, 2021, CNY; Longyuan Power, 2013, CNY; Longyuan Power, 2014, CNY; TPV Technology, 2014, CNY; West China Cement, 2016; Winsway Coking Coal, 2016; ZhongCe Rubber, 2014, CNY
31 Nomura International 1,157 0.40%79Abu Dhabi Islamic Bank, 2016; Franshion Properties, 2021; KOGAS, 2016, JPY; Poland, 2026-2, JPY; SPG Land, 2016; Uruguay, 2021, JPY; Woori Bank, 2012-2, JPY; Woori Bank, 2013, JPY; Woori Bank, 2012, JPY
32 Standard Bank 974 0.33%77Afreximbank, 2016; Celpa, 2016; Edenor, 2022; Koleje Mazowieckie, 2016, EUR; Namibia, 2021; Senegal, 2021; Turkiye Is Bankasi, 2016
33 Banco Votorantim 913 0.31%24Banco do Brasil, 2016, EUR; Banco do Brasil, 2022; Banco Votorantim, 2016; Banco Votorantim, 2016, BRL (inflation-linked)
34 ANZ 906 0.31%66China Merchants Bank, 2014; Fiji Islands, 2016; Housing and Development Board, 2016, SGD; ICBC, 2014, AUD (FRN); SMC Global Power, 2016; United Overseas Bank, 2014, AUD (FRN)
35 BBVA 842 0.29%34BBVA Bancomer, 2016; BBVA Bancomer, 2021; BBVA Paraguay, 2016; ENAP, 2021
36 Qatar National Bank 833 0.29%13Qatar, 2017; Qatar, 2042; Qatar, 2022
37 Renaissance Capital 738 0.25%22Renaissance Capital, 2016; Russia, 2018-2, RUR
38 KDB 704 0.24%45Doosan, 2016; KDB, 2017; KDB, 2016-2; Kia Motors, 2016; Korea National Oil Corporation, 2016
39 CIMB 649 0.22%34Housing and Development Board, 2016, SGD; Khazanah Nasional, 2014, CNY; Malaysia, 2021; Malaysia, 2016
40 Jefferies & Co 646 0.22%44Grupo Elektra, 2018; Satmex, 2017; Sifco, 2016; TV Azteca, 2018
41 Natixis 625 0.21%13IPIC, 2041; IPIC, 2017; IPIC, 2022
42 BCP Securities 611 0.21%67Banco BMG, 2014; Banco BMG, 2018; Banco BVA, 2014; Banco Cruzeiro do Sul, 2016-2; Grupo Elektra, 2018; Probusinessbank, 2016 (LPN); TV Azteca, 2018
43 BLOM Bank 600 0.21%12Lebanon, 2016-3; Lebanon, 2022
44 Maybank 599 0.21%23Gulf Investment Corp, 2016, MYR; Malaysia, 2021; Malaysia, 2016
45 Commerzbank AG 588 0.20%34Afreximbank, 2016; Emirates NBD, 2013 (FRN); Emirates NBD, 2013-3 (FRN); Turk Eximbank, 2016
46 National Bank of Abu Dhabi 580 0.20%45Abu Dhabi Islamic Bank, 2016; Dubai, 2021; Mubadala, 2021; Mubadala, 2016; Union National Bank, 2016
47 OCBC 534 0.18%55Henderson Land, 2016, SGD; Housing and Development Board, 2021, SGD; Maybank, 2021, SGD; OCBC, 2014, AUD (FRN); VTB, 2014, SGD
48 Banco Safra 524 0.18%24Banco Fibra, 2014; Banco Safra, 2021; Banco Safra, 2014; Banco Safra, 2015, BRL
49 United Overseas Bank 475 0.16%34Henderson Land, 2016, SGD; Housing and Development Board, 2021, SGD; United Overseas Bank, 2014, AUD (FRN); United Overseas Bank, 2021, SGD
50 RBI Group 443 0.15%33Bank Ochrony Srodowiska, 2016, EUR; Credit Bank of Moscow, 2014 (LPN); Polskie Koleje Panstwowe, 2016, EUR
51 CITIC Bank 419 0.14%22Cofco, 2014, CNY; Sinochem, 2014, CNY
52 FransaInvest Bank 413 0.14%15Lebanon, 2019-2; Lebanon, 2018, EUR; Lebanon, 2019; Lebanon, 2022; Lebanon, 2026
53 Nova Ljubljanska Banka 389 0.13%11Slovenia, 2021
54 Sberbank (including Troika Dialog Investment Company) 371 0.13%33Belarus, 2018; Koks, 2016 (LPN); Metalloinvest, 2016
55 Emirates NBD 350 0.12%22Dubai, 2021; Emirates Airlines, 2016
56-57 Alfa Bank 333 0.11%11Alfa Bank, 2021 (LPN)
56-57 BYBLOS BANK 333 0.11%12Lebanon, 2019; Lebanon, 2022
58 CICC 277 0.09%34China Eastern Airlines, 2014, CNY; Far East Horizon, 2014, CNY; Global Logistic Properties, 2018, CNY; Global Logistic Properties, 2016, CNY
59 SMBC 244 0.08%14KDB, 2014-2, JPY; KDB, 2013, JPY; KDB, 2012-2, JPY; KDB, 2016, JPY
60 Agricultural Bank of China 233 0.08%22China Eastern Airlines, 2014, CNY; Sinotrans Shipping, 2014, CNY
61 China Merchants Bank 231 0.08%24Baosteel, 2013, CNY; Baosteel, 2014, CNY; Baosteel, 2016, CNY; Sinotrans Shipping, 2014, CNY
62 Gulf International Bank 215 0.07%11Almana Group, 2016 (FRN)
63 IMTrust 213 0.07%22Grupo ACP, 2021; Interproperties Finance Trust, 2023
64 VEB Capital 208 0.07%22Kiev, 2016 (LPN); VEB-Leasing, 2016 (LPN)
65 Global Bank 198 0.07%12Empresa Nacional de Autopistas, 2018 (Class B); Empresa Nacional de Autopistas, 2025 (Class A)
66 Daewoo Securities 188 0.06%11Korea Finance Corporation, 2021
67 Macquarie 168 0.06%34Beijing Enterprises Water Group, 2014, CNY; Beijing Enterprises Water Group, 2016, CNY; Powerlong Real Estate, 2014, CNY; United Overseas Bank, 2014, AUD (FRN)
68 Halyk Finance 167 0.06%11Halyk Bank, 2021
69 Nordea Bank 163 0.06%11Elering, 2018, EUR
70 Kim Eng 162 0.06%11Maybank, 2021, SGD
71 Gazprombank 154 0.05%11Gazprombank, 2013-2, CHF (LPN)
72 Intesa Sanpaolo 142 0.05%11CEZ, 2016, EUR
73-74 Westpac 134 0.05%11OCBC, 2014, AUD (FRN)
73-74 National Australia Bank 134 0.05%11OCBC, 2014, AUD (FRN)
75 Abu Dhabi Commercial Bank 125 0.04%11Abu Dhabi Commercial Bank, 2016
76 KBC Bank 118 0.04%12Sappi, 2021; Sappi, 2018, EUR
77 ScotiaBank 105 0.04%11KOGAS, 2016, CAD
78 Samsung Securities 100 0.03%11Korea Hydro & Nuclear Power, 2021
79 Haitong International 96 0.03%11Zhongsheng Group, 2014, CNY
80-82 Kuwait’s Liquidity Management House 88 0.03%11Kuveyt Turk Participation Bank, 2016
80-82 Hana Daetoo Securities 88 0.03%11Doosan, 2016
80-82 Abu Dhabi Islamic Bank 88 0.03%11Kuveyt Turk Participation Bank, 2016
83 Woori Bank 71 0.02%11Woori Bank, 2021
84 CSOB 50 0.02%11Czech Export Bank, 2016-2 (FRN)
85 China Development Bank 50 0.02%12Longyuan Power, 2013, CNY; Longyuan Power, 2014, CNY
86 Eurovest 38 0.01%11Sifco, 2016
87 LXG Capital 28 0.01%11Grupo ACP, 2021
88 Dragon Capital 17 0.01%11Agroton, 2014
Total sum 291,501  

Eurobond bookrunner league table
Market segment: Sovereign sector
Region: Emerging markets
Currency: All
Unit: mln. USD

#Investment bankVolume, mln. USDShare, %Number of issuersIssues placedIssues
1 Deutsche Bank 14,539 19.03%2028Belarus, 2018; Chile, 2020, CLP; Chile, 2021; Croatia, 2018, EUR; Croatia, 2021; Dominican Republic, 2021; El Salvador, 2041; Hungary, 2041; Hungary, 2021; Hungary, 2019, EUR; Indonesia, 2021; Jamaica, 2019; Lebanon, 2019-2; Lebanon, 2018, EUR; Lebanon, 2026; Mexico, 2040; Nigeria, 2021; Philippines, 2026; Philippines, 2036, PHP; Poland, 2022; Poland, 2021, EUR; Russia, 2018-2, RUR; Serbia, 2021; Slovakia, 2020; Slovenia, 2021; South Africa, 2041; Turkey, 2041; Venezuela, 2031
2 Citigroup 7,892 10.33%1421Bahrain, 2018; Colombia, 2021; Dominican Republic, 2021; Hungary, 2041; Hungary, 2021; Indonesia, 2018-2; Latvia, 2021; Lebanon, 2022; Lebanon, 2016-3; Malaysia, 2016; Malaysia, 2021; Nigeria, 2021; Philippines, 2026; Philippines, 2036, PHP; Poland, 2022; Poland, 2021-2; Qatar, 2042; Qatar, 2022; Qatar, 2017; South Africa, 2041; Uruguay, 2028, UYU (Inflation-linked)
3 HSBC 7,159 9.37%1622Chile, 2020, CLP; Chile, 2021; Croatia, 2018, EUR; Dubai, 2021; Indonesia, 2018-2; Lebanon, 2022; Lebanon, 2019; Malaysia, 2016; Malaysia, 2021; Mexico, 2020-2; Montenegro, 2016, EUR; Philippines, 2026; Philippines, 2036, PHP; Poland, 2022; Qatar, 2042; Qatar, 2022; Qatar, 2017; Russia, 2018-2, RUR; Slovenia, 2021; Sri Lanka, 2021; Turkey, 2022; Uruguay, 2028, UYU (Inflation-linked)
4 JP Morgan 6,383 8.36%1216Croatia, 2021; Dominican Republic, 2021; Georgia, 2021; Indonesia, 2021; Lithuania, 2021-2; Montenegro, 2016, EUR; Philippines, 2026; Philippines, 2036, PHP; Qatar, 2042; Qatar, 2022; Qatar, 2017; Russia, 2018-2, RUR; Serbia, 2021; Turkey, 2041; Ukraine, 2016-2; Ukraine, 2021
5 Credit Suisse 4,142 5.42%55Latvia, 2021; Mexico, 2110; Philippines, 2036, PHP; Poland, 2016, CHF; Venezuela, 2026
6 Barclays Capital 4,051 5.30%1010Brazil, 2041; Colombia, 2021; Croatia, 2021; Dominican Republic, 2021; Mexico, 2020-2; Namibia, 2021; Slovakia, 2020; Slovenia, 2021; Sri Lanka, 2021; Turkey, 2041
7 BNP Paribas 2,625 3.44%67Bahrain, 2018; Belarus, 2018; Hungary, 2041; Hungary, 2021; Jamaica, 2019; Lithuania, 2021-2; Poland, 2016, CHF
8 Bank of America Merrill Lynch 2,467 3.23%55Brazil, 2041; Colombia, 2021; Mexico, 2040; Sri Lanka, 2021; Turkey, 2022
9 Goldman Sachs 2,305 3.02%66Brazil, 2021; Georgia, 2021; Mexico, 2110; Philippines, 2026; Poland, 2021-2; Slovenia, 2021
10 Societe Generale 1,955 2.56%33Poland, 2021, EUR; Romania, 2016, EUR; Slovenia, 2026
11 Mitsubishi UFJ Financial Group 1,808 2.37%35Panama, 2021, JPY; Qatar, 2042; Qatar, 2022; Qatar, 2017; Turkey, 2021, JPY
12 Standard Chartered Bank 1,746 2.29%59Bahrain, 2018; Indonesia, 2018-2; Lebanon, 2019-2; Lebanon, 2018, EUR; Lebanon, 2026; Qatar, 2042; Qatar, 2022; Qatar, 2017; Senegal, 2021
13 UniCredit Group 1,724 2.26%44Croatia, 2018, EUR; Hungary, 2019, EUR; Poland, 2021, EUR; Slovenia, 2026
14 ING Wholesale Banking London 1,724 2.26%44Hungary, 2019, EUR; Poland, 2021, EUR; Slovakia, 2020; Slovenia, 2026
15 RBS 1,592 2.08%55Belarus, 2018; Dubai, 2021; Lithuania, 2021-2; Poland, 2021-2; Sri Lanka, 2021
16 VTB Capital 1,546 2.02%23Russia, 2018-2, RUR; Ukraine, 2016-2; Ukraine, 2021
17 Daiwa Securities Group Inc. 1,530 2.00%44Panama, 2021, JPY; Poland, 2015, JPY; Turkey, 2021, JPY; Uruguay, 2021, JPY
18 Erste Group (including Slovenska Sporitelna) 1,451 1.90%22Romania, 2016, EUR; Slovakia, 2020
19 UBS 1,392 1.82%34Dubai, 2021; Indonesia, 2021; Philippines, 2026; Philippines, 2036, PHP
20 Morgan Stanley 917 1.20%12Ukraine, 2016-2; Ukraine, 2021
21 Qatar National Bank 833 1.09%13Qatar, 2042; Qatar, 2022; Qatar, 2017
22 Mizuho Corporate Bank 723 0.95%11Turkey, 2021, JPY
23 Renaissance Capital 630 0.82%11Russia, 2018-2, RUR
24 BLOM Bank 600 0.79%12Lebanon, 2022; Lebanon, 2016-3
25 Nomura International 587 0.77%22Poland, 2026-2, JPY; Uruguay, 2021, JPY
26 Credit Agricole CIB 533 0.70%11Slovenia, 2026
27-29 Maybank 500 0.65%12Malaysia, 2016; Malaysia, 2021
27-29 Standard Bank 500 0.65%22Namibia, 2021; Senegal, 2021
27-29 CIMB 500 0.65%12Malaysia, 2016; Malaysia, 2021
30 FransaInvest Bank 413 0.54%15Lebanon, 2019-2; Lebanon, 2022; Lebanon, 2018, EUR; Lebanon, 2026; Lebanon, 2019
31 Nova Ljubljanska Banka 389 0.51%11Slovenia, 2021
32 BYBLOS BANK 333 0.44%12Lebanon, 2022; Lebanon, 2019
33-34 Santander 250 0.33%11Brazil, 2021
33-34 ANZ 250 0.33%11Fiji Islands, 2016
35 Sberbank 200 0.26%11Belarus, 2018
36-37 Emirates NBD 100 0.13%11Dubai, 2021
36-37 National Bank of Abu Dhabi 100 0.13%11Dubai, 2021
Total sum 76,389  

Eurobond bookrunner league table
Market segment: Corporate sector
Region: Emerging markets
Currency: All
Unit: mln. USD

#Investment bankVolume, mln. USDShare, %Number of issuersIssues placedIssues
1 Citigroup 20,247 9.48%72100Abu Dhabi Islamic Bank, 2016; Advanced Semiconductor Engineering, 2014, CNY; Advanced Semiconductor Engineering, 2016, CNY; AES Gener, 2021; Akbank, 2018; ArcelorMittal, 2021; ArcelorMittal, 2016; ArcelorMittal, 2041; Banco Bradesco, 2014, FRN; Banco Bradesco, 2016; Banco de Bogota, 2017; Banco do Brasil, 2017; Bank of Baroda, 2016; Bank of China (Hong Kong), 2016; Bank of East Asia, 2022; BBVA Paraguay, 2016; Braskem, 2021; Canara Bank, 2016; CEMEX, 2018; China Resources Power Holdings, perp; CNOOC, 2041; CNOOC, 2021; CNPC, 2041; CNPC, 2021; CNPC, 2016; Corporacion Lindley, 2021; Cyfrowy Polsat, 2018, EUR; Development Bank of Kazahstan, 2015; Emgesa, 2021, COP; Empresas CMPC, 2018; ENN Energy Holdings, 2021; Evergrande, 2014, CNY; Evergrande, 2016, CNY; Fibria, 2021; Finansbank, 2016; First Gulf Bank, 2016; Fufeng Group, 2016; Global Logistic Properties, 2018, CNY; Global Logistic Properties, perp, SGD; Global Logistic Properties, 2016, CNY; Grupo ACP, 2021; Grupo ICE, 2021; Guangzhou R&F Properties, 2014, CNY; Guangzhou R&F Properties, 2016; Halyk Bank, 2021; Hana Bank, 2017; Hana Bank, 2016; HCFB, 2014 (LPN); Hypermarcas, 2021; Hyundai Steel, 2016; ICICI Bank, 2016-2; ICTSI, perp (step-up); Indian Oil Corporation, 2021; Indian Overseas Bank, 2016; Indika Energy, 2018; Industrial Bank of Korea, 2016; Kaisa Group Holdings, 2014, CNY; Kia Motors, 2016; KOSEP, 2017; KWG Property Holdings, 2016; LDK Solar, 2014, CNY; Lippo Karawaci, 2015; Longfor Properties, 2016; Lotte Shopping, 2016; Melco Crown Entertainment, 2013, CNY; NACF, 2017; NOVATEK, 2021 (LPN); NOVATEK, 2016 (LPN); NTPC, 2021; PDVSA, 2022; PDVSA, 2017-2; PERTAMINA, 2041; PERTAMINA, 2021; Perusahaan Listrik Negara, 2021; Petrobras, 2041; Petrobras, 2021; Petrobras, 2016; Queiroz Galvao, 2018; Sappi, 2018, EUR; Sappi, 2021; Syndicate Bank, 2016; Telemar Norte Leste, 2016, BRL; Teva Pharmaceutical Industries, 2016; Teva Pharmaceutical Industries, 2014-3; Teva Pharmaceutical Industries, 2021-2; Teva Pharmaceutical Industries, 2013-2(FRN); Teva Pharmaceutical Industries, 2021-1; Teva Pharmaceutical Industries, 2013-1 (FRN); Transener, 2021; Turk Eximbank, 2016; Ukreximbank, 2014, UAH; Union National Bank, 2016; Vedanta, 2016; Vedanta, 2021; VimpelCom, 2022; VimpelCom, 2016-2 (LPN); VimpelCom, 2017; VimpelCom, 2014 (FRN); VimpelCom, 2021 (LPN); ТСS Bank, 2014 (LPN)
2 JP Morgan 20,245 9.48%74105Abu Dhabi Commercial Bank, 2016; America Movil, 2040 (Exch); America Movil, 2016; ArcelorMittal, 2021; ArcelorMittal, 2016; ArcelorMittal, 2041; Arcos Dorados, 2016, BRL; Automotores Gildemeister, 2021; Banco Bradesco, 2021; Banco de Bogota, 2017; Banco de Credito del Peru, 2016; Banco do Brasil, 2017; Banco do Brasil, 2022; Banco Safra, 2016, BRL; Banco Safra, 2021; Banco Santander Chile, 2016 (FRN); Bancolombia, 2016; Bancolombia, 2021; Bank of Baroda, 2016; BTG Pactual, 2016; Capex, 2018; CEMEX, 2015 (FRN); Cencosud, 2021; Cheung Kong Infrastructure Holdings, perp-2, SGD; China Liansu, 2016; CNOOC, 2041; CNOOC, 2021; Corporacion Lindley, 2021; Country Garden, 2018; Development Bank of Kazahstan, 2015; Development Bank of Philippines, 2021; Edenor, 2022; Empresas CMPC, 2018; ENAP, 2021; Energy Development Corp, 2021; Eskom, 2021; Ferrexpo, 2016; First Citizens, 2016; FirstRand, 2016; Foodcorp, 2018, EUR; Gazprom, 2016-2 (LPN24); Gazprom, 2021 (LPN25); Global Logistic Properties, 2018, CNY; Global Logistic Properties, perp, SGD; Global Logistic Properties, 2016, CNY; Grupo de Inversiones Suramericana, 2021; Guaranty Trust Bank, 2016; Gulf International Bank, 2014 (FRN); Hainan Airlines, 2014, CNY; Hana Bank, 2013, JPY; Hana Bank, 2014, JPY; Hyundai Capital, 2017; Hyundai Capital, 2016; Hyundai Steel, 2016; IFH Peru, 2018; Indian Overseas Bank, 2016; Inversiones Alsacia, 2018; IPIC, 2041; IPIC, 2017; IPIC, 2022; JBS, 2021; Kansas City Southern de Mexico, 2021; KazKommerzBank, 2018; KEXIM, 2016, TWD; KEXIM, 2014-1, CNY; KEXIM, 2015, CNY; KEXIM, 2016, HKD; KEXIM, 2013, IDR; KEXIM, 2014, IDR; KEXIM, 2016, IDR; KEXIM, 2021-2; Kookmin Bank, 2017; Marfrig, 2018; Metalloinvest, 2016; Navios Logistics, 2019; NII Holdings, 2021; OGX, 2018; Pemex, 2041; Petrobras, 2041; Petrobras, 2021; Petrobras, 2016; Promsvyazbank, 2014 (LPN); Raghsa, 2017; Road King Infrastructure, 2014, CNY; Russian Agricultural Bank, 2021 (LPN); Russian Agricultural Bank, 2016-2, RUR (LPN); Sappi, 2018, EUR; Sappi, 2021; Sberbank, 2021 (LPN); Shinhan Bank, 2016; Sigma Alimentos, 2018; Syndicate Bank, 2016; Teva Pharmaceutical Industries, 2016; Teva Pharmaceutical Industries, 2014-3; Teva Pharmaceutical Industries, 2021-2; Teva Pharmaceutical Industries, 2013-2(FRN); Teva Pharmaceutical Industries, 2021-1; Teva Pharmaceutical Industries, 2013-1 (FRN); Turkiye Garanti Bankasi, 2021; Turkiye Garanti Bankasi, 2016 (FRN); Turkiye Is Bankasi, 2016; Votorantim Cimentos, 2041; VTB, 2018-2 (LPN); Woori Bank, 2021; Yanlord Land, 2018
3 HSBC 19,650 9.20%94126Abu Dhabi Islamic Bank, 2016; Afreximbank, 2016; Akbank, 2018; America Movil, 2026, GBP; Ballarpur Industries, perp (Step-up); Banco Bradesco, 2021; Banco Daycoval, 2016; Banco de Bogota, 2017; Banco do Brasil, 2017; Banco Santander Brasil, 2016; Banco Votorantim, 2016; Bank of Baroda, 2016; Bank of India, 2021; Bank of India, 2015; Baosteel, 2016, CNY; Baosteel, 2014, CNY; Baosteel, 2013, CNY; Beijing Enterprises, 2041; Beijing Enterprises, 2021; Braskem, 2041; Canara Bank, 2016; Celpa, 2016; CEMEX, 2018; CEZ, 2016, EUR; China Eastern Airlines, 2014, CNY; China Resources Land, 2016; China SCE Property, 2016; China Wind Power, 2014, CNY; CITIC Pacific, 2021; CITIC Pacific, perp (Step up); CLP Power, 2021; CNPC, 2014, CNY; CNPC, 2041; CNPC, 2013, CNY; CNPC, 2021; CNPC, 2016; Codelco, 2021; Development Bank of Philippines, 2021; Doosan, 2016; Emaar Properties, 2016; Emirates Airlines, 2016; Empresa Nacional de Autopistas, 2018 (Class B); Empresa Nacional de Autopistas, 2025 (Class A); ENAP, 2021; Far East Horizon, 2014, CNY; Far East Horizon, 2016, CNY; Finansbank, 2016; First Gulf Bank, 2016; Franshion Properties, 2021; Global Bio-chem, 2014, CNY; Hana Bank, 2017; Hana Bank, 2016; Henderson Land, 2018, SGD; Henderson Land, 2016, SGD; HKCG, 2016, CNY; Hongkong Electric, 2020; Housing and Development Board, 2021, SGD; HSBC Bank Middle East, 2016; HSBC Brasil, 2016; Hypermarcas, 2021; Hyundai Capital, 2017; Hyundai Steel, 2016; ICBC, 2021; ICBC, 2014, AUD (FRN); ICBC Asia, 2021, CNY; ICICI Bank, 2016-2; ICTSI, perp (step-up); IDBI Bank, 2014, CNY; Indian Overseas Bank, 2016; KDB, 2016-2; Kerry Properties, 2021; KEXIM, 2016; KEXIM, 2021-2; KOGAS, 2016, CAD; Korea National Oil Corporation, 2016; Kuveyt Turk Participation Bank, 2016; KWG Property Holdings, 2016; Longfor Properties, 2016; Maybank, 2021, SGD; MCC Group, 2016; Mubadala, 2021; Mubadala, 2016; Neptune Orient Lines, 2021, SGD; NWS Holdings, 2014, CNY; Odebrecht, perp-2; Odebrecht, 2023; OGX, 2018; Pacific Andes, 2014, CNY; PCD Stores, 2014, CNY; Pemex, 2021 (Exch); Pemex, 2021, MXN; PERTAMINA, 2041; PERTAMINA, 2021; Petrobras, 2022, EUR; Petrobras, 2041; Petrobras, 2018, EUR; Petrobras, 2021; Petrobras, 2026, GBP; Petrobras, 2016; Ping An, 2014, CNY; Powerlong Real Estate, 2014, CNY; Queiroz Galvao, 2018; Sberbank, 2021 (LPN); Sharjah Islamic Bank, 2016; Shinhan Bank, 2016; SID Bank, 2015, EUR; SingTel, 2021; Sino-Ocean Land, perp (step-up); SMC Global Power, 2016; Syndicate Bank, 2016; Telemar Norte Leste, 2016, BRL; Tencent, 2016; Teva Pharmaceutical Industries, 2016; Teva Pharmaceutical Industries, 2014-3; Teva Pharmaceutical Industries, 2021-2; Teva Pharmaceutical Industries, 2013-2(FRN); Teva Pharmaceutical Industries, 2021-1; Teva Pharmaceutical Industries, 2013-1 (FRN); Union National Bank, 2016; United Overseas Bank, 2021, SGD; United Overseas Bank, 2014, AUD (FRN); VimpelCom, 2022; VimpelCom, 2017; VimpelCom, 2014 (FRN); Woori Bank, 2021; Yanlord Land, 2018
4 Deutsche Bank 16,820 7.88%84102AES Gener, 2021; Afren, 2016; America Movil, 2019, EUR; America Movil, 2026, GBP; Banco Cruzeiro do Sul, 2014; Banco do Brasil, 2016, EUR; Banco Galicia, 2018; Banco Santander Brasil, 2016; Banco Votorantim, 2016, BRL (inflation-linked); Bank of China (Hong Kong), 2016; Bank of East Asia, 2022; Bank of India, 2021; Bank of India, 2015; Baosteel, 2016, CNY; Baosteel, 2014, CNY; Baosteel, 2013, CNY; BBVA Bancomer, 2021; BBVA Bancomer, 2016; BR Malls, perp 2; Braskem, 2021; Canara Bank, 2016; Capex, 2018; Cencosud, 2021; China Eastern Airlines, 2014, CNY; China Merchants Bank, 2016, CNY; China Merchants Bank, 2014, CNY; China SCE Property, 2016; China Shanshui Cement, 2016; China Shanshui Cement, 2014, CNY; CLP Power, 2021; CNPC, 2041; CNPC, 2021; CNPC, 2016; Comision Federal de Electricidad, 2021; Country Garden, 2018; Cyfrowy Polsat, 2018, EUR; Development Bank of Kazahstan, 2015; Edcon, 2018, EUR; Edcon, 2018; Edenor, 2022; Elering, 2018, EUR; Emgesa, 2021, COP; Emirates Airlines, 2016; Empresa de Energia de Bogota, 2021; Energy Development Corp, 2021; Evergrande, 2014, CNY; Evergrande, 2016, CNY; Export-Import Bank of India, 2016, CHF; Fibria, 2021; Finansbank, 2016; First Gulf Bank, 2016, CHF; Franshion Properties, 2021; Fufeng Group, 2016; Grupo ICE, 2021; Hainan Airlines, 2014, CNY; Halyk Bank, 2021; Housing and Development Board, 2014, SGD; ICICI Bank, 2016-2; IPIC, 2026, GBP; IPIC, 2021, EUR; IPIC, 2016, EUR; Itau Unibanco, 2021; Kerry Properties, 2021; Korea Finance Corporation, 2014, JPY; Korea Finance Corporation, 2013, JPY; Korea Finance Corporation, 2016, JPY; Lippo Karawaci, 2015; Marfrig, 2018; Melco Crown Entertainment, 2013, CNY; Metinvest Holding, 2018; MIE Holdings, 2016; NACF, 2017; NII Holdings, 2021; NTPC, 2021; Pemex, 2041; Petrobras, 2022, EUR; Petrobras, 2018, EUR; Petrobras, 2026, GBP; POSCO, 2021; Promsvyazbank, 2014 (LPN); Russian Agricultural Bank, 2016-2, RUR (LPN); Sberbank, 2021 (LPN); Shui On Land, 2015, CNY; Siam Commercial Bank, 2016; SID Bank, 2015, EUR; Sinochem, 2014, CNY; State Bank of India, 2016, CHF; STATS ChipPAC, 2016; Syndicate Bank, 2016; Tarjeta Naranja, 2017; Tata Power, 2071; Telemar Norte Leste, 2016, BRL; Tencent, 2016; Texhong, 2016; TMK, 2018 (LPN); Transener, 2021; Turkiye Garanti Bankasi, 2021; Turkiye Garanti Bankasi, 2016 (FRN); Ukreximbank, 2014, UAH; Union National Bank, 2016; West China Cement, 2016; Winsway Coking Coal, 2016
5 Bank of America Merrill Lynch 13,618 6.38%6478Abu Dhabi Commercial Bank, 2016; America Movil, 2040 (Exch); America Movil, 2016; ArcelorMittal, 2021; ArcelorMittal, 2016; ArcelorMittal, 2041; Arcos Dorados, 2016, BRL; Banco Bradesco, 2021; Banco de Credito del Peru, 2016; Banco de Credito del Peru, 2026; Banco do Brasil, 2022; Banco Industrial , 2021; Banco Safra, 2015, BRL; Banco Safra, 2021; Bancolombia, 2021; Beijing Enterprises, 2041; Beijing Enterprises, 2021; Beijing Enterprises Water Group, 2014, CNY; Beijing Enterprises Water Group, 2016, CNY; Braskem, 2041; Canara Bank, 2016; CEMEX, 2015 (FRN); Cimento Tupi, 2018; CNOOC, 2041; CNOOC, 2021; CNPC, 2041; CNPC, 2021; CNPC, 2016; Comision Federal de Electricidad, 2021; Empresas ICA, 2021; Empresas Publicas de Medellin, 2021, COP; Energisa, perp; Eskom, 2021; Evergrande, 2014, CNY; Evergrande, 2016, CNY; General Shopping Brasil, perp; Grupo de Inversiones Suramericana, 2021; Hana Bank, 2017; Hyundai Capital, 2017; Hyundai Steel, 2016; IFH Peru, 2018; IMPSA, 2020; Indian Railway Finance Corp, 2016; Inkia Energy, 2021; Inversiones Alsacia, 2018; Itau Unibanco, 2021-2; Javer, 2021; JBS, 2021; Kansas City Southern de Mexico, 2021; KDB, 2017; KDB, 2016-2; KEXIM, 2016; KEXIM, 2021-2; Kia Motors, 2016; KOGAS, 2016, CAD; Koks, 2016 (LPN); Korea Finance Corporation, 2021; Korea National Oil Corporation, 2016; Lippo Karawaci, 2015; Melco Crown Entertainment, 2013, CNY; Metalloinvest, 2016; MIE Holdings, 2016; Mriya Agro Holding, 2016; NACF, 2017; Navios Logistics, 2019; Odebrecht, 2023; Pacific Rubiales, 2021; Shinhan Bank, 2016; Sigma Alimentos, 2018; Syndicate Bank, 2016; TAQA, 2021; TAQA, 2017; Tarjeta Naranja, 2017; Telemar Norte Leste, 2016, BRL; Votorantim Cimentos, 2041; Wharf Holdings, 2026, JPY; Winsway Coking Coal, 2016; Woori Bank, 2021
6 Barclays Capital 12,081 5.66%4979Banco BMG, 2014; Banco BMG, 2018; Banco Cruzeiro do Sul, 2016-2; Banco Safra, 2014; Banco Santander Brasil, 2016; Bank Ochrony Srodowiska, 2016, EUR; Bank of Baroda, 2016; Bank of India, 2021; Bank of India, 2015; CEZ, 2021-3, EUR (inflation-linked); China Shanshui Cement, 2016; CNOOC, 2041; CNOOC, 2021; Czech Railways, 2016, EUR; Edcon, 2018, EUR; Edcon, 2018; Empresas Publicas de Medellin, 2021, COP; ENN Energy Holdings, 2021; Eskom, 2021; Foodcorp, 2018, EUR; Gazprombank, 2013-2, CHF (LPN); Hana Bank, 2017; Hana Bank, 2016; Hong Leong Bank, 2016; ICBC, 2021; IPIC, 2041; IPIC, 2017; IPIC, 2022; JBS, 2021; KDB, 2016, JPY; KDB, 2014-2, JPY; KDB, 2013, JPY; KDB, 2012-2, JPY; KEXIM, 2012, SGD; KOGAS, 2019, CHF; KOGAS, 2016, CHF; Korea Finance Corporation, 2014, JPY; Korea Finance Corporation, 2013, JPY; Korea Finance Corporation, 2016, JPY; Korea Hydro & Nuclear Power, 2021; Korea National Oil Corporation, 2016-2, HKD; Korea National Oil Corporation, 2016; MCC Group, 2016; Mubadala, 2021; Mubadala, 2016; NTPC, 2021; Perusahaan Listrik Negara, 2021; POSCO, 2021; PTTEP, 2021; Russian Agricultural Bank, 2021 (LPN); RZD, 2031, GBP (LPN); Severstal, 2016 (LPN); Siam Commercial Bank, 2016; SingTel, 2018 (FRN); Syndicate Bank, 2016; Teva Pharmaceutical Industries, 2014; Teva Pharmaceutical Industries, 2016; Teva Pharmaceutical Industries, 2014-3; Teva Pharmaceutical Industries, 2014 (FRN); Teva Pharmaceutical Industries, 2021-2; Teva Pharmaceutical Industries, 2013-2(FRN); Teva Pharmaceutical Industries, 2021-1; Teva Pharmaceutical Industries, 2013-1 (FRN); TMK, 2018 (LPN); Transnet, 2016; Turk Eximbank, 2016; Union Bank of India, 2015, CHF; Vedanta, 2016; Vedanta, 2021; VimpelCom, 2022; VimpelCom, 2016-2 (LPN); VimpelCom, 2017; VimpelCom, 2014 (FRN); VimpelCom, 2021 (LPN); Vnesheconombank, 2016, CHF; Woori Bank, 2013, JPY; Woori Bank, 2012, JPY; Woori Bank, 2012-2, JPY; Woori Bank, 2021
7 Goldman Sachs 10,458 4.90%4263Afren, 2016; African Bank, 2016; Alfa Bank, 2021 (LPN); Banco Bradesco, 2014, FRN; Banco Bradesco, 2016; Banco Daycoval, 2016; BBVA Bancomer, 2021; BBVA Bancomer, 2016; Beijing Enterprises Water Group, 2014, CNY; Beijing Enterprises Water Group, 2016, CNY; China Resources Power Holdings, perp; CNOOC, 2041; CNOOC, 2021; Cofco, 2014, CNY; Comision Federal de Electricidad, 2021; Country Garden, 2018; Development Bank of Philippines, 2021; Edcon, 2018, EUR; Edcon, 2018; Evraz Group, 2018-2; Fosun, 2016; Global Logistic Properties, 2018, CNY; Global Logistic Properties, perp, SGD; Global Logistic Properties, 2016, CNY; Guangzhou R&F Properties, 2014, CNY; Guangzhou R&F Properties, 2016; Indika Energy, 2018; IPIC, 2026, GBP; IPIC, 2041; IPIC, 2021, EUR; IPIC, 2017; IPIC, 2016, EUR; IPIC, 2022; KDB, 2017; KEXIM, 2021-2; KOGAS, 2016, JPY; Korea Hydro & Nuclear Power, 2021; KOSEP, 2017; MCC Group, 2016; NII Holdings, 2021; Pemex, 2041; Polskie Koleje Panstwowe, 2016, EUR; POSCO, 2021; RZD, 2031, GBP (LPN); Severstal, 2016 (LPN); Sino-Ocean Land, perp (step-up); Tata Power, 2071; Tencent, 2016; Teva Pharmaceutical Industries, 2014; Teva Pharmaceutical Industries, 2016; Teva Pharmaceutical Industries, 2014-3; Teva Pharmaceutical Industries, 2014 (FRN); Teva Pharmaceutical Industries, 2021-2; Teva Pharmaceutical Industries, 2013-2(FRN); Teva Pharmaceutical Industries, 2021-1; Teva Pharmaceutical Industries, 2013-1 (FRN); Transnet, 2016; Turkiye Garanti Bankasi, 2021; Turkiye Garanti Bankasi, 2016 (FRN); VEB-Leasing, 2016 (LPN); VTB, 2018-2 (LPN); Winsway Coking Coal, 2016; ТСS Bank, 2014 (LPN)
8 Credit Suisse 9,856 4.62%3850African Bank, 2016; America Movil, 2017, CHF; America Movil, 2019, EUR; Bakrie Telecom, 2015; Banco Santander Brasil, 2014, CHF; Beijing Enterprises, 2041; Beijing Enterprises, 2021; BNDES, 2016, CHF; BR Properties, perp; China Shanshui Cement, 2016; China Shanshui Cement, 2014, CNY; Development Bank of Philippines, 2021; Eletrobras, 2021; Grupo Virgolino de Oliveira, 2018; Guangzhou R&F Properties, 2014, CNY; Guangzhou R&F Properties, 2016; Hoang Anh Gia Lai, 2016; Hyundai Steel, 2016; Inkia Energy, 2021; Javer, 2021; KDB, 2017; KEXIM, 2021-2; Koks, 2016 (LPN); Korea Finance Corporation, 2021; Korea Finance Corporation, 2015, CHF; Korea National Oil Corporation, 2016, CHF; Lonking, 2016; Magyar Telekom, 2016; Metalloinvest, 2016; Metinvest Holding, 2018; National Road Operating and Construction Company, 2024; NII Holdings, 2021; OGX, 2018; Oschadbank, 2016; PDVSA, 2022; PERTAMINA, 2041; PERTAMINA, 2021; PKO Bank Polski, 2016, CHF; Tencent, 2016; Teva Pharmaceutical Industries, 2016; Teva Pharmaceutical Industries, 2014-3; Teva Pharmaceutical Industries, 2021-2; Teva Pharmaceutical Industries, 2013-2(FRN); Teva Pharmaceutical Industries, 2021-1; Teva Pharmaceutical Industries, 2013-1 (FRN); Ukreximbank, 2014, UAH; VEB-Leasing, 2016 (LPN); Vedanta, 2016; Vedanta, 2021; VTB, 2015, CHF (LPN)
9 RBS 8,645 4.05%5368Abu Dhabi Commercial Bank, 2015, CHF; Ballarpur Industries, perp (Step-up); Banco Santander Brasil, 2014, CHF; Banco Votorantim, 2016; Bank of India, 2021; Bank of India, 2015; Canara Bank, 2016; CEMEX, 2015 (FRN); CEMEX, 2018; China Liansu, 2016; China Power New Energy Development, 2014, CNY; CLP Power, 2021; Cyfrowy Polsat, 2018, EUR; Emaar Properties, 2016; ENN Energy Holdings, 2021; Franshion Properties, 2021; Gulf Investment Corp, 2016, MYR; Hong Leong Bank, 2016; Hongkong Electric, 2020; Hyundai Capital, 2016; ICICI Bank, 2016-2; Indian Oil Corporation, 2021; Indian Overseas Bank, 2016; Industrial Bank of Korea, 2016; KDB, 2016-2; KEXIM, 2016; KEXIM, 2015, CHF; Khazanah Nasional, 2014, CNY; KOGAS, 2019, CHF; KOGAS, 2016, CHF; Kookmin Bank, 2017; Korea Finance Corporation, 2021; Korea Finance Corporation, 2015, CHF; Korea Hydro & Nuclear Power, 2021; Korea National Oil Corporation, 2016; Melco Crown Entertainment, 2013, CNY; Metalloinvest, 2016; Metinvest Holding, 2018; Mriya Agro Holding, 2016; NOVATEK, 2021 (LPN); NOVATEK, 2016 (LPN); NTPC, 2021; OCBC, 2014, AUD (FRN); Pemex, 2041; Powerlong Real Estate, 2014, CNY; Renaissance Capital, 2016; Rural Electrification Corp, 2016; Sappi, 2018, EUR; Sappi, 2021; Sberbank, 2021 (LPN); Shinhan Bank, 2016; Singamas, 2014, CNY; Syndicate Bank, 2016; TAQA, 2021; TAQA, 2017; TPV Technology, 2014, CNY; Turkiye Is Bankasi, 2016; Vedanta, 2016; Vedanta, 2021; VimpelCom, 2022; VimpelCom, 2016-2 (LPN); VimpelCom, 2017; VimpelCom, 2014 (FRN); VimpelCom, 2021 (LPN); Woori Bank, 2013, JPY; Woori Bank, 2012, JPY; Woori Bank, 2012-2, JPY; Yanlord Land, 2018
10 BNP Paribas 8,604 4.03%3553Afren, 2016; Agrokor, 2016, EUR; Banco do Brasil, 2016, EUR; Banco do Brasil, 2022; Banco Votorantim, 2016; BNDES, 2016, CHF; CEMEX, 2018; CEZ, 2016, EUR; CheilJedang, 2014, CNY; Coelba, 2016, BRL; Export-Import Bank of India, 2016, CHF; Gazprom, 2016-2 (LPN24); Gazprom, 2021 (LPN25); Hungarian Development Bank, 2016, EUR; Hyundai Capital, 2017; Hyundai Capital, 2013, CHF; Hyundai Capital, 2016, CHF; Indian Oil Corporation, 2021; Industrial Bank of Korea, 2016; IPIC, 2026, GBP; IPIC, 2021, EUR; IPIC, 2016, EUR; KEXIM, 2015, CHF; Kookmin Bank, 2017; Korea National Oil Corporation, 2016, SGD; Korea National Oil Corporation, 2021, HKD; Korea National Oil Corporation, 2016, HKD; Lotte Shopping, 2016; Metalloinvest, 2016; Nitrogenmuvek, 2013, EUR (Step-up); NOVATEK, 2021 (LPN); NOVATEK, 2016 (LPN); Pemex, 2041; PKO Bank Polski, 2016, CHF; POSCO, 2021; Shinhan Bank, 2016; SingTel, 2021; State Bank of India, 2016, CHF; Teva Pharmaceutical Industries, 2016; Teva Pharmaceutical Industries, 2014-3; Teva Pharmaceutical Industries, 2021-2; Teva Pharmaceutical Industries, 2013-2(FRN); Teva Pharmaceutical Industries, 2021-1; Teva Pharmaceutical Industries, 2013-1 (FRN); Turk Ekonomi Bankasi, 2023, EUR (FRN); VimpelCom, 2022; VimpelCom, 2016-2 (LPN); VimpelCom, 2017; VimpelCom, 2014 (FRN); VimpelCom, 2021 (LPN); Vnesheconombank, 2016, CHF; VTB, 2015, CHF (LPN); Woori Bank, 2021
11 Standard Chartered Bank 8,535 4.00%5769Abu Dhabi Commercial Bank, 2016; Abu Dhabi Islamic Bank, 2016; African Bank, 2016; Akbank, 2018; Banco Daycoval, 2016; Bank of Baroda, 2016; Bank of India, 2021; Bank of India, 2015; Baosteel, 2016, CNY; Baosteel, 2014, CNY; Baosteel, 2013, CNY; Beijing Enterprises Water Group, 2014, CNY; Beijing Enterprises Water Group, 2016, CNY; China Merchants Bank, 2016, CNY; China Merchants Bank, 2014; China Merchants Bank, 2014, CNY; China Power New Energy Development, 2014, CNY; China Shanshui Cement, 2016; CLP Power, 2021; CNPC, 2041; CNPC, 2021; CNPC, 2016; Doosan, 2016; Emaar Properties, 2016; Far East Horizon, 2014, CNY; Finansbank, 2016; First Gulf Bank, 2016; FirstRand, 2016; Fosun, 2016; Hana Bank, 2016; Henderson Land, 2018, SGD; Hong Leong Bank, 2016; Hongkong Electric, 2020; Housing and Development Board, 2021, SGD; Hyundai Capital, 2016; ICBC, 2021; Indian Overseas Bank, 2016; Indika Energy, 2018; KDB, 2016-2; KEXIM, 2016; Kuveyt Turk Participation Bank, 2016; KWG Property Holdings, 2016; Longfor Properties, 2016; Lonking, 2016; Maybank, 2021, SGD; Mubadala, 2021; Mubadala, 2016; NACF, 2017; Neptune Orient Lines, 2021, SGD; Overseas Union Enterprise, 2014, SGD; Pacific Andes, 2014, CNY; Rural Electrification Corp, 2016; Sharjah Islamic Bank, 2016; Shimao Property Holdings, 2018; Shui On Land, 2015, CNY; SMC Global Power, 2016; Standard Chartered Bank (Hong Kong), 2021, SGD; Sun Hung Kai Properties, 2016; Syndicate Bank, 2016; TAQA, 2021; TAQA, 2017; Turkiye Garanti Bankasi, 2021; Turkiye Garanti Bankasi, 2016 (FRN); Turkiye Is Bankasi, 2016; Union National Bank, 2016; United Overseas Bank, 2021, SGD; Vedanta, 2016; Vedanta, 2021; ZhongCe Rubber, 2014, CNY
12 Santander 7,102 3.33%1726Banco Santander Brasil, 2016; Banco Santander Brasil, 2014 (FRN); Banco Santander Chile, 2016 (FRN); Braskem, 2021; CEMEX, 2018; Cencosud, 2021; Eletrobras, 2021; Empresa de Energia de Bogota, 2021; Empresas ICA, 2021; Energisa, perp; Fibria, 2021; GEO, 2021; Grupo Virgolino de Oliveira, 2018; IPIC, 2026, GBP; IPIC, 2021, EUR; IPIC, 2016, EUR; Pemex, 2021 (Exch); Pemex, 2021, MXN; Petrobras, 2022, EUR; Petrobras, 2041; Petrobras, 2018, EUR; Petrobras, 2021; Petrobras, 2026, GBP; Petrobras, 2016; Queiroz Galvao, 2018; TAM, 2021
13 Morgan Stanley 6,958 3.26%4262America Movil, 2016, JPY; America Movil, 2014, JPY; Bakrie Telecom, 2015; Banco BMG, 2018; Banco de Credito del Peru, 2026; Banco Santander Brasil, 2016; Beijing Enterprises, 2041; Beijing Enterprises, 2021; Beijing Enterprises Water Group, 2014, CNY; Beijing Enterprises Water Group, 2016, CNY; Braskem, 2041; China Development Bank, 2021, CNY; Cosan, perp-2; Edcon, 2018, EUR; Edcon, 2018; Emirates Airlines, 2016; Empresas ICA, 2021; Energisa, perp; Ferrexpo, 2016; Fininpro, 2018; Guangzhou R&F Properties, 2014, CNY; Guangzhou R&F Properties, 2016; Guaranty Trust Bank, 2016; Hana Bank, 2013, JPY; Hana Bank, 2014, JPY; Henderson Land, 2018, SGD; Hyundai Capital, 2017; Hyundai Capital, 2016; Industrial Bank of Korea, 2016; Itau Unibanco, 2021; JBS, 2021; KDB, 2016, JPY; KDB, 2014-2, JPY; KDB, 2013, JPY; KDB, 2012-2, JPY; KEXIM, 2016-2, JPY; Kia Motors, 2016; Korea Hydro & Nuclear Power, 2021; KOSEP, 2017; LDK Solar, 2014, CNY; Longfor Properties, 2016; MCC Group, 2016; National Bank of Abu Dhabi, 2026, JPY; NII Holdings, 2021; Oschadbank, 2016; Pemex, 2021 (Exch); Pemex, 2021, MXN; Shimao Property Holdings, 2018; SingTel, 2021; SPG Land, 2016; Telemar Norte Leste, 2016, BRL; Teva Pharmaceutical Industries, 2014; Teva Pharmaceutical Industries, 2016; Teva Pharmaceutical Industries, 2014-3; Teva Pharmaceutical Industries, 2014 (FRN); Teva Pharmaceutical Industries, 2021-2; Teva Pharmaceutical Industries, 2013-2(FRN); Teva Pharmaceutical Industries, 2021-1; Teva Pharmaceutical Industries, 2013-1 (FRN); Woori Bank, 2013, JPY; Woori Bank, 2012, JPY; Woori Bank, 2012-2, JPY
14 UBS 6,770 3.17%4455Abu Dhabi Commercial Bank, 2015, CHF; Agroton, 2014; Alfa Bank, 2021 (LPN); Banco BVA, 2014; Banco Cruzeiro do Sul, 2016-2; Banco Cruzeiro do Sul, 2014; Banco Galicia, 2018; Banco Safra, 2016, BRL; Banco Safra, 2014; Banco Safra, 2021; Bank of East Asia, 2022; Bank of Moscow, 2013, SGD; Beijing Enterprises, 2041; Beijing Enterprises, 2021; BYD, 2014, CNY; CEZ, 2021-4, EUR; China Automation Group, 2016; China Resources Power Holdings, perp; China Shanshui Cement, 2014, CNY; China South City, 2016; CITIC Pacific, 2021; CITIC Pacific, perp (Step up); Export-Import Bank of India, 2016, CHF; Ferrexpo, 2016; FirstRand, 2016; Fosun, 2016; Gazprombank, 2013-2, CHF (LPN); Grupo Elektra, 2018; Hana Bank, 2013, JPY; Hana Bank, 2014, JPY; Hopson Development, 2016; Hyundai Capital, 2013, CHF; Hyundai Capital, 2016, CHF; ICBC, 2021; IMPSA, 2020; Indika Energy, 2018; KazKommerzBank, 2018; KDB, 2016-2; KEXIM, 2016; KEXIM, 2015, CHF; KOGAS, 2016, JPY; KOGAS, 2019, CHF; KOGAS, 2016, CHF; Kookmin Bank, 2017; Korea National Oil Corporation, 2016, CHF; Longyuan Power, 2014, CNY; Longyuan Power, 2013, CNY; Megaworld Corp, 2018; Mriya Agro Holding, 2016; Renaissance Capital, 2016; Shui On Land, 2015, CNY; State Bank of India, 2016, CHF; Tata Power, 2071; TMK, 2018 (LPN); Woori Bank, 2021
15 Itau Unibanco 3,453 1.62%1619Arcos Dorados, 2016, BRL; Banco Votorantim, 2016, BRL (inflation-linked); BR Properties, perp; Celpa, 2016; Coelba, 2016, BRL; Cresud, 2014; Empresas CMPC, 2018; Grupo Virgolino de Oliveira, 2018; Hypermarcas, 2021; Itau Unibanco, 2021-2; Itau Unibanco, 2021; Marfrig, 2018; OGX, 2018; Petrobras, 2041; Petrobras, 2021; Petrobras, 2016; Raghsa, 2017; Telemar Norte Leste, 2016, BRL; Votorantim Cimentos, 2041
16 BOC International 3,255 1.52%1724Bank of China (Hong Kong), 2016; China Merchants Bank, 2016, CNY; China Merchants Bank, 2014, CNY; China Resources Land, 2016; China Shanshui Cement, 2014, CNY; China South City, 2016; CNOOC, 2041; CNOOC, 2021; CNPC, 2014, CNY; CNPC, 2041; CNPC, 2013, CNY; CNPC, 2021; CNPC, 2016; Cofco, 2014, CNY; ENN Energy Holdings, 2021; Evergrande, 2014, CNY; Evergrande, 2016, CNY; ICBC Asia, 2021, CNY; Kerry Properties, 2021; Khazanah Nasional, 2014, CNY; Sino-Ocean Land, perp (step-up); Sinotrans Shipping, 2014, CNY; Zhongsheng Group, 2014, CNY; Zijin Mining Group, 2016
17 VTB Capital 2,444 1.14%912Agroton, 2014; Evraz Group, 2018-2; Fininpro, 2018; Koks, 2016 (LPN); Metalloinvest, 2016; Metinvest Holding, 2018; Russian Agricultural Bank, 2021 (LPN); Russian Agricultural Bank, 2016-2, RUR (LPN); RZD, 2031, GBP (LPN); VTB, 2018-2 (LPN); VTB, 2014, SGD; VTB, 2015, CHF (LPN)
18 Mitsubishi UFJ Financial Group 2,332 1.09%1121Afreximbank, 2016; America Movil, 2016, JPY; America Movil, 2014, JPY; Codelco, 2021; ENAP, 2021; FirstRand, 2016; Hana Bank, 2013, JPY; Hana Bank, 2014, JPY; IPIC, 2041; IPIC, 2017; IPIC, 2022; KDB, 2016, JPY; KDB, 2014-2, JPY; KDB, 2013, JPY; KDB, 2012-2, JPY; National Bank of Abu Dhabi, 2026, JPY; TAQA, 2021; TAQA, 2017; Woori Bank, 2013, JPY; Woori Bank, 2012, JPY; Woori Bank, 2012-2, JPY
19 Credit Agricole CIB 2,210 1.03%813Akbank, 2018; Cyfrowy Polsat, 2018, EUR; HCFB, 2014 (LPN); IPIC, 2026, GBP; IPIC, 2021, EUR; IPIC, 2016, EUR; NACF, 2017; Petrobras, 2022, EUR; Petrobras, 2018, EUR; Petrobras, 2026, GBP; Rural Electrification Corp, 2016; Sappi, 2018, EUR; Sappi, 2021
20 Banco Bradesco 2,207 1.03%914Banco BMG, 2014; Banco BMG, 2018; Banco Bradesco, 2014, FRN; Banco Bradesco, 2021; Banco Bradesco, 2016; Banco do Brasil, 2017; Banco Votorantim, 2016; BTG Pactual, 2016; Celpa, 2016; Hypermarcas, 2021; Marfrig, 2018; Petrobras, 2022, EUR; Petrobras, 2018, EUR; Petrobras, 2026, GBP
21 BB Securities 2,142 1.00%712Banco do Brasil, 2016, EUR; Banco do Brasil, 2017; Banco do Brasil, 2022; Banco Votorantim, 2016, BRL (inflation-linked); Banco Votorantim, 2016; Coelba, 2016, BRL; JBS, 2021; Marfrig, 2018; Petrobras, 2022, EUR; Petrobras, 2018, EUR; Petrobras, 2026, GBP; TAM, 2021
22 ING Wholesale Banking London 1,763 0.83%1214Bank Ochrony Srodowiska, 2016, EUR; Bank of Moscow, 2013, SGD; Evraz Group, 2018-2; Hungarian Development Bank, 2016, EUR; Hyundai Capital, 2016; Kookmin Bank, 2017; Metalloinvest, 2016; Metinvest Holding, 2018; Shinhan Bank, 2016; Singamas, 2014, CNY; Turk Eximbank, 2016; VimpelCom, 2022; VimpelCom, 2017; VimpelCom, 2014 (FRN)
23 DBS Bank 1,670 0.78%1317Baosteel, 2016, CNY; Baosteel, 2014, CNY; Baosteel, 2013, CNY; Beijing Enterprises Water Group, 2014, CNY; Beijing Enterprises Water Group, 2016, CNY; Cheung Kong Infrastructure Holdings, perp-2, SGD; China Resources Land, 2016; Global Logistic Properties, perp, SGD; Henderson Land, 2018, SGD; Henderson Land, 2016, SGD; Housing and Development Board, 2021, SGD; Maybank, 2021, SGD; Neptune Orient Lines, 2021, SGD; Pacific Andes, 2014, CNY; Road King Infrastructure, 2014, CNY; Singamas, 2014, CNY; Straits Trading Company, 2016, SGD
24 BTG Pactual 1,608 0.75%79Banco BMG, 2018; BR Malls, perp 2; BTG Pactual, 2016; General Shopping Brasil, perp; Grupo Virgolino de Oliveira, 2018; Petrobras, 2041; Petrobras, 2021; Petrobras, 2016; TAM, 2021
25 Societe Generale 1,387 0.65%58Czech Railways, 2016, EUR; Hungarian Development Bank, 2016, EUR; IPIC, 2041; IPIC, 2017; IPIC, 2022; Metalloinvest, 2016; Mubadala, 2021; Mubadala, 2016
26 UniCredit Group 1,250 0.59%58Agrokor, 2016, EUR; CEZ, 2016, EUR; IPIC, 2026, GBP; IPIC, 2021, EUR; IPIC, 2016, EUR; Sappi, 2018, EUR; Sappi, 2021; SID Bank, 2015, EUR
27 ICBC 1,186 0.56%1016Baosteel, 2016, CNY; Baosteel, 2014, CNY; Baosteel, 2013, CNY; China Merchants Bank, 2016, CNY; China Merchants Bank, 2014, CNY; CNPC, 2041; CNPC, 2021; CNPC, 2016; ICBC, 2021; ICBC Asia, 2021, CNY; Longyuan Power, 2014, CNY; Longyuan Power, 2013, CNY; TPV Technology, 2014, CNY; West China Cement, 2016; Winsway Coking Coal, 2016; ZhongCe Rubber, 2014, CNY
28 Erste Group 978 0.46%37CEZ, 2023, CZK; CEZ, 2016, EUR; Czech Export Bank, 2021, CZK (FRN); Czech Export Bank, 2021, EUR; Czech Export Bank, 2018, CZK (FRN); Czech Export Bank, 2013-3, EUR (FRN); Czech Railways, 2016, EUR
29 Banco Votorantim 913 0.43%24Banco do Brasil, 2016, EUR; Banco do Brasil, 2022; Banco Votorantim, 2016, BRL (inflation-linked); Banco Votorantim, 2016
30 BBVA 842 0.39%34BBVA Bancomer, 2021; BBVA Bancomer, 2016; BBVA Paraguay, 2016; ENAP, 2021
31 Mizuho Corporate Bank 725 0.34%512America Movil, 2016, JPY; America Movil, 2014, JPY; KDB, 2017; KDB, 2016, JPY; KDB, 2014-2, JPY; KDB, 2013, JPY; KDB, 2012-2, JPY; KOGAS, 2016, JPY; Korea Finance Corporation, 2014, JPY; Korea Finance Corporation, 2013, JPY; Korea Finance Corporation, 2016, JPY; Shinhan Bank, 2016
32 KDB 704 0.33%45Doosan, 2016; KDB, 2017; KDB, 2016-2; Kia Motors, 2016; Korea National Oil Corporation, 2016
33 ANZ 656 0.31%55China Merchants Bank, 2014; Housing and Development Board, 2016, SGD; ICBC, 2014, AUD (FRN); SMC Global Power, 2016; United Overseas Bank, 2014, AUD (FRN)
34 Jefferies & Co 646 0.30%44Grupo Elektra, 2018; Satmex, 2017; Sifco, 2016; TV Azteca, 2018
35 Natixis 625 0.29%13IPIC, 2041; IPIC, 2017; IPIC, 2022
36 BCP Securities 611 0.29%67Banco BMG, 2014; Banco BMG, 2018; Banco BVA, 2014; Banco Cruzeiro do Sul, 2016-2; Grupo Elektra, 2018; Probusinessbank, 2016 (LPN); TV Azteca, 2018
37 Commerzbank AG 588 0.28%34Afreximbank, 2016; Emirates NBD, 2013 (FRN); Emirates NBD, 2013-3 (FRN); Turk Eximbank, 2016
38 Nomura International 569 0.27%57Abu Dhabi Islamic Bank, 2016; Franshion Properties, 2021; KOGAS, 2016, JPY; SPG Land, 2016; Woori Bank, 2013, JPY; Woori Bank, 2012, JPY; Woori Bank, 2012-2, JPY
39 OCBC 534 0.25%55Henderson Land, 2016, SGD; Housing and Development Board, 2021, SGD; Maybank, 2021, SGD; OCBC, 2014, AUD (FRN); VTB, 2014, SGD
40 Daiwa Securities Group Inc. 524 0.25%47Hana Bank, 2013, JPY; Hana Bank, 2014, JPY; KDB, 2017; KEXIM, 2021-2; Korea Finance Corporation, 2014, JPY; Korea Finance Corporation, 2013, JPY; Korea Finance Corporation, 2016, JPY
41 Banco Safra 524 0.25%24Banco Fibra, 2014; Banco Safra, 2015, BRL; Banco Safra, 2014; Banco Safra, 2021
42 National Bank of Abu Dhabi 480 0.22%34Abu Dhabi Islamic Bank, 2016; Mubadala, 2021; Mubadala, 2016; Union National Bank, 2016
43 United Overseas Bank 475 0.22%34Henderson Land, 2016, SGD; Housing and Development Board, 2021, SGD; United Overseas Bank, 2021, SGD; United Overseas Bank, 2014, AUD (FRN)
44 Standard Bank 474 0.22%55Afreximbank, 2016; Celpa, 2016; Edenor, 2022; Koleje Mazowieckie, 2016, EUR; Turkiye Is Bankasi, 2016
45 RBI Group 443 0.21%33Bank Ochrony Srodowiska, 2016, EUR; Credit Bank of Moscow, 2014 (LPN); Polskie Koleje Panstwowe, 2016, EUR
46 CITIC Bank 419 0.20%22Cofco, 2014, CNY; Sinochem, 2014, CNY
47 Alfa Bank 333 0.16%11Alfa Bank, 2021 (LPN)
48 CICC 277 0.13%34China Eastern Airlines, 2014, CNY; Far East Horizon, 2014, CNY; Global Logistic Properties, 2018, CNY; Global Logistic Properties, 2016, CNY
49 Emirates NBD 250 0.12%11Emirates Airlines, 2016
50 SMBC 244 0.11%14KDB, 2016, JPY; KDB, 2014-2, JPY; KDB, 2013, JPY; KDB, 2012-2, JPY
51 Agricultural Bank of China 233 0.11%22China Eastern Airlines, 2014, CNY; Sinotrans Shipping, 2014, CNY
52 China Merchants Bank 231 0.11%24Baosteel, 2016, CNY; Baosteel, 2014, CNY; Baosteel, 2013, CNY; Sinotrans Shipping, 2014, CNY
53 Gulf International Bank 215 0.10%11Almana Group, 2016 (FRN)
54 IMTrust 213 0.10%22Grupo ACP, 2021; Interproperties Finance Trust, 2023
55 Global Bank 198 0.09%12Empresa Nacional de Autopistas, 2018 (Class B); Empresa Nacional de Autopistas, 2025 (Class A)
56 Daewoo Securities 188 0.09%11Korea Finance Corporation, 2021
57 Sberbank (including Troika Dialog Investment Company) 171 0.08%22Koks, 2016 (LPN); Metalloinvest, 2016
58 Macquarie 168 0.08%34Beijing Enterprises Water Group, 2014, CNY; Beijing Enterprises Water Group, 2016, CNY; Powerlong Real Estate, 2014, CNY; United Overseas Bank, 2014, AUD (FRN)
59 Halyk Finance 167 0.08%11Halyk Bank, 2021
60 Nordea Bank 163 0.08%11Elering, 2018, EUR
61 Kim Eng 162 0.08%11Maybank, 2021, SGD
62 Gazprombank 154 0.07%11Gazprombank, 2013-2, CHF (LPN)
63 CIMB 149 0.07%22Housing and Development Board, 2016, SGD; Khazanah Nasional, 2014, CNY
64 Intesa Sanpaolo 142 0.07%11CEZ, 2016, EUR
65-66 Westpac 134 0.06%11OCBC, 2014, AUD (FRN)
65-66 National Australia Bank 134 0.06%11OCBC, 2014, AUD (FRN)
67 VEB Capital 133 0.06%11VEB-Leasing, 2016 (LPN)
68 Abu Dhabi Commercial Bank 125 0.06%11Abu Dhabi Commercial Bank, 2016
69 KBC Bank 118 0.06%12Sappi, 2018, EUR; Sappi, 2021
70 Renaissance Capital 108 0.05%11Renaissance Capital, 2016
71 ScotiaBank 105 0.05%11KOGAS, 2016, CAD
72 Samsung Securities 100 0.05%11Korea Hydro & Nuclear Power, 2021
73 Maybank 99 0.05%11Gulf Investment Corp, 2016, MYR
74 Haitong International 96 0.04%11Zhongsheng Group, 2014, CNY
75-77 Abu Dhabi Islamic Bank 88 0.04%11Kuveyt Turk Participation Bank, 2016
75-77 Kuwait’s Liquidity Management House 88 0.04%11Kuveyt Turk Participation Bank, 2016
75-77 Hana Daetoo Securities 88 0.04%11Doosan, 2016
78 Woori Bank 71 0.03%11Woori Bank, 2021
79 CSOB 50 0.02%11Czech Export Bank, 2016-2 (FRN)
80 China Development Bank 50 0.02%12Longyuan Power, 2014, CNY; Longyuan Power, 2013, CNY
81 Eurovest 38 0.02%11Sifco, 2016
82 LXG Capital 28 0.01%11Grupo ACP, 2021
83 Dragon Capital 17 0.01%11Agroton, 2014
Total sum 213,552  

Eurobond bookrunner league table
Region: EEMEA
Currency: All
Unit: mln. USD

#Investment bankVolume, mln. USDShare, %Number of issuersIssues placedIssues
1 Deutsche Bank 10,900 9.91%3242Afren, 2016; Belarus, 2018; Croatia, 2021; Croatia, 2018, EUR; Cyfrowy Polsat, 2018, EUR; Development Bank of Kazahstan, 2015; Edcon, 2018; Edcon, 2018, EUR; Elering, 2018, EUR; Emirates Airlines, 2016; Finansbank, 2016; First Gulf Bank, 2016, CHF; Halyk Bank, 2021; Hungary, 2019, EUR; Hungary, 2041; Hungary, 2021; IPIC, 2021, EUR; IPIC, 2016, EUR; IPIC, 2026, GBP; Kiev, 2016 (LPN); Lebanon, 2019-2; Lebanon, 2018, EUR; Lebanon, 2026; Metinvest Holding, 2018; Nigeria, 2021; Poland, 2022; Poland, 2021, EUR; Promsvyazbank, 2014 (LPN); Russia, 2018-2, RUR; Russian Agricultural Bank, 2016-2, RUR (LPN); Sberbank, 2021 (LPN); Serbia, 2021; SID Bank, 2015, EUR; Slovakia, 2020; Slovenia, 2021; South Africa, 2041; TMK, 2018 (LPN); Turkey, 2041; Turkiye Garanti Bankasi, 2016 (FRN); Turkiye Garanti Bankasi, 2021; Ukreximbank, 2014, UAH; Union National Bank, 2016
2 JP Morgan 10,833 9.85%2943Abu Dhabi Commercial Bank, 2016; Croatia, 2021; Development Bank of Kazahstan, 2015; Eskom, 2021; Ferrexpo, 2016; FirstRand, 2016; Foodcorp, 2018, EUR; Gazprom, 2016-2 (LPN24); Gazprom, 2021 (LPN25); Georgia, 2021; Guaranty Trust Bank, 2016; Gulf International Bank, 2014 (FRN); IPIC, 2022; IPIC, 2041; IPIC, 2017; KazKommerzBank, 2018; Lithuania, 2021-2; Metalloinvest, 2016; Montenegro, 2016, EUR; Promsvyazbank, 2014 (LPN); Qatar, 2022; Qatar, 2017; Qatar, 2042; Russia, 2018-2, RUR; Russian Agricultural Bank, 2021 (LPN); Russian Agricultural Bank, 2016-2, RUR (LPN); Sappi, 2021; Sappi, 2018, EUR; Sberbank, 2021 (LPN); Serbia, 2021; Teva Pharmaceutical Industries, 2021-1; Teva Pharmaceutical Industries, 2013-1 (FRN); Teva Pharmaceutical Industries, 2016; Teva Pharmaceutical Industries, 2014-3; Teva Pharmaceutical Industries, 2021-2; Teva Pharmaceutical Industries, 2013-2(FRN); Turkey, 2041; Turkiye Garanti Bankasi, 2016 (FRN); Turkiye Garanti Bankasi, 2021; Turkiye Is Bankasi, 2016; Ukraine, 2021; Ukraine, 2016-2; VTB, 2018-2 (LPN)
3 Citigroup 8,803 8.01%2440Abu Dhabi Islamic Bank, 2016; Akbank, 2018; Bahrain, 2018; Cyfrowy Polsat, 2018, EUR; Development Bank of Kazahstan, 2015; Finansbank, 2016; First Gulf Bank, 2016; Halyk Bank, 2021; HCFB, 2014 (LPN); Hungary, 2041; Hungary, 2021; Latvia, 2021; Lebanon, 2016-3; Lebanon, 2022; Nigeria, 2021; NOVATEK, 2021 (LPN); NOVATEK, 2016 (LPN); Poland, 2022; Poland, 2021-2; Qatar, 2022; Qatar, 2017; Qatar, 2042; Sappi, 2021; Sappi, 2018, EUR; South Africa, 2041; Teva Pharmaceutical Industries, 2021-1; Teva Pharmaceutical Industries, 2013-1 (FRN); Teva Pharmaceutical Industries, 2016; Teva Pharmaceutical Industries, 2014-3; Teva Pharmaceutical Industries, 2021-2; Teva Pharmaceutical Industries, 2013-2(FRN); Turk Eximbank, 2016; Ukreximbank, 2014, UAH; Union National Bank, 2016; VimpelCom, 2021 (LPN); VimpelCom, 2022; VimpelCom, 2016-2 (LPN); VimpelCom, 2017; VimpelCom, 2014 (FRN); ТСS Bank, 2014 (LPN)
4 HSBC 7,765 7.06%2637Abu Dhabi Islamic Bank, 2016; Afreximbank, 2016; Akbank, 2018; CEZ, 2016, EUR; Croatia, 2018, EUR; Dubai, 2021; Emaar Properties, 2016; Emirates Airlines, 2016; Finansbank, 2016; First Gulf Bank, 2016; HSBC Bank Middle East, 2016; Kuveyt Turk Participation Bank, 2016; Lebanon, 2019; Lebanon, 2022; Montenegro, 2016, EUR; Mubadala, 2016; Mubadala, 2021; Poland, 2022; Qatar, 2022; Qatar, 2017; Qatar, 2042; Russia, 2018-2, RUR; Sberbank, 2021 (LPN); Sharjah Islamic Bank, 2016; SID Bank, 2015, EUR; Slovenia, 2021; Teva Pharmaceutical Industries, 2021-1; Teva Pharmaceutical Industries, 2013-1 (FRN); Teva Pharmaceutical Industries, 2016; Teva Pharmaceutical Industries, 2014-3; Teva Pharmaceutical Industries, 2021-2; Teva Pharmaceutical Industries, 2013-2(FRN); Turkey, 2022; Union National Bank, 2016; VimpelCom, 2022; VimpelCom, 2017; VimpelCom, 2014 (FRN)
5 Barclays Capital 7,756 7.05%2338Bank Ochrony Srodowiska, 2016, EUR; CEZ, 2021-3, EUR (inflation-linked); Croatia, 2021; Czech Railways, 2016, EUR; Edcon, 2018; Edcon, 2018, EUR; Eskom, 2021; Foodcorp, 2018, EUR; Gazprombank, 2013-2, CHF (LPN); IPIC, 2022; IPIC, 2041; IPIC, 2017; Mubadala, 2016; Mubadala, 2021; Namibia, 2021; Russian Agricultural Bank, 2021 (LPN); RZD, 2031, GBP (LPN); Severstal, 2016 (LPN); Slovakia, 2020; Slovenia, 2021; Teva Pharmaceutical Industries, 2021-1; Teva Pharmaceutical Industries, 2014 (FRN); Teva Pharmaceutical Industries, 2013-1 (FRN); Teva Pharmaceutical Industries, 2016; Teva Pharmaceutical Industries, 2014-3; Teva Pharmaceutical Industries, 2014; Teva Pharmaceutical Industries, 2021-2; Teva Pharmaceutical Industries, 2013-2(FRN); TMK, 2018 (LPN); Transnet, 2016; Turk Eximbank, 2016; Turkey, 2041; VimpelCom, 2021 (LPN); VimpelCom, 2022; VimpelCom, 2016-2 (LPN); VimpelCom, 2017; VimpelCom, 2014 (FRN); Vnesheconombank, 2016, CHF
6 BNP Paribas 7,296 6.64%2034Afren, 2016; Agrokor, 2016, EUR; Bahrain, 2018; Belarus, 2018; CEZ, 2016, EUR; Gazprom, 2016-2 (LPN24); Gazprom, 2021 (LPN25); Hungarian Development Bank, 2016, EUR; Hungary, 2041; Hungary, 2021; IPIC, 2021, EUR; IPIC, 2016, EUR; IPIC, 2026, GBP; Lithuania, 2021-2; Metalloinvest, 2016; Nitrogenmuvek, 2013, EUR (Step-up); NOVATEK, 2021 (LPN); NOVATEK, 2016 (LPN); PKO Bank Polski, 2016, CHF; Poland, 2016, CHF; Teva Pharmaceutical Industries, 2021-1; Teva Pharmaceutical Industries, 2013-1 (FRN); Teva Pharmaceutical Industries, 2016; Teva Pharmaceutical Industries, 2014-3; Teva Pharmaceutical Industries, 2021-2; Teva Pharmaceutical Industries, 2013-2(FRN); Turk Ekonomi Bankasi, 2023, EUR (FRN); VimpelCom, 2021 (LPN); VimpelCom, 2022; VimpelCom, 2016-2 (LPN); VimpelCom, 2017; VimpelCom, 2014 (FRN); Vnesheconombank, 2016, CHF; VTB, 2015, CHF (LPN)
7 Goldman Sachs 6,359 5.78%1832Afren, 2016; African Bank, 2016; Alfa Bank, 2021 (LPN); Edcon, 2018; Edcon, 2018, EUR; Evraz Group, 2018-2; Georgia, 2021; IPIC, 2022; IPIC, 2021, EUR; IPIC, 2016, EUR; IPIC, 2041; IPIC, 2017; IPIC, 2026, GBP; Poland, 2021-2; Polskie Koleje Panstwowe, 2016, EUR; RZD, 2031, GBP (LPN); Severstal, 2016 (LPN); Slovenia, 2021; Teva Pharmaceutical Industries, 2021-1; Teva Pharmaceutical Industries, 2014 (FRN); Teva Pharmaceutical Industries, 2013-1 (FRN); Teva Pharmaceutical Industries, 2016; Teva Pharmaceutical Industries, 2014-3; Teva Pharmaceutical Industries, 2014; Teva Pharmaceutical Industries, 2021-2; Teva Pharmaceutical Industries, 2013-2(FRN); Transnet, 2016; Turkiye Garanti Bankasi, 2016 (FRN); Turkiye Garanti Bankasi, 2021; VEB-Leasing, 2016 (LPN); VTB, 2018-2 (LPN); ТСS Bank, 2014 (LPN)
8 RBS 4,261 3.88%1825Abu Dhabi Commercial Bank, 2015, CHF; Belarus, 2018; Cyfrowy Polsat, 2018, EUR; Dubai, 2021; Emaar Properties, 2016; Gulf Investment Corp, 2016, MYR; Lithuania, 2021-2; Metalloinvest, 2016; Metinvest Holding, 2018; Mriya Agro Holding, 2016; NOVATEK, 2021 (LPN); NOVATEK, 2016 (LPN); Poland, 2021-2; Renaissance Capital, 2016; Sappi, 2021; Sappi, 2018, EUR; Sberbank, 2021 (LPN); TAQA, 2021; TAQA, 2017; Turkiye Is Bankasi, 2016; VimpelCom, 2021 (LPN); VimpelCom, 2022; VimpelCom, 2016-2 (LPN); VimpelCom, 2017; VimpelCom, 2014 (FRN)
9 VTB Capital 4,065 3.70%1216Agroton, 2014; Evraz Group, 2018-2; Fininpro, 2018; Kiev, 2016 (LPN); Koks, 2016 (LPN); Metalloinvest, 2016; Metinvest Holding, 2018; Russia, 2018-2, RUR; Russian Agricultural Bank, 2021 (LPN); Russian Agricultural Bank, 2016-2, RUR (LPN); RZD, 2031, GBP (LPN); Ukraine, 2021; Ukraine, 2016-2; VTB, 2014, SGD; VTB, 2018-2 (LPN); VTB, 2015, CHF (LPN)
10 Standard Chartered Bank 3,826 3.48%1926Abu Dhabi Commercial Bank, 2016; Abu Dhabi Islamic Bank, 2016; African Bank, 2016; Akbank, 2018; Bahrain, 2018; Emaar Properties, 2016; Finansbank, 2016; First Gulf Bank, 2016; FirstRand, 2016; Kuveyt Turk Participation Bank, 2016; Lebanon, 2019-2; Lebanon, 2018, EUR; Lebanon, 2026; Mubadala, 2016; Mubadala, 2021; Qatar, 2022; Qatar, 2017; Qatar, 2042; Senegal, 2021; Sharjah Islamic Bank, 2016; TAQA, 2021; TAQA, 2017; Turkiye Garanti Bankasi, 2016 (FRN); Turkiye Garanti Bankasi, 2021; Turkiye Is Bankasi, 2016; Union National Bank, 2016
11 Morgan Stanley 3,374 3.07%918Edcon, 2018; Edcon, 2018, EUR; Emirates Airlines, 2016; Ferrexpo, 2016; Fininpro, 2018; Guaranty Trust Bank, 2016; National Bank of Abu Dhabi, 2026, JPY; Oschadbank, 2016; Teva Pharmaceutical Industries, 2021-1; Teva Pharmaceutical Industries, 2014 (FRN); Teva Pharmaceutical Industries, 2013-1 (FRN); Teva Pharmaceutical Industries, 2016; Teva Pharmaceutical Industries, 2014-3; Teva Pharmaceutical Industries, 2014; Teva Pharmaceutical Industries, 2021-2; Teva Pharmaceutical Industries, 2013-2(FRN); Ukraine, 2021; Ukraine, 2016-2
12 Societe Generale 3,342 3.04%811Czech Railways, 2016, EUR; Hungarian Development Bank, 2016, EUR; IPIC, 2022; IPIC, 2041; IPIC, 2017; Metalloinvest, 2016; Mubadala, 2016; Mubadala, 2021; Poland, 2021, EUR; Romania, 2016, EUR; Slovenia, 2026
13 ING Wholesale Banking London 3,146 2.86%1214Bank Ochrony Srodowiska, 2016, EUR; Bank of Moscow, 2013, SGD; Evraz Group, 2018-2; Hungarian Development Bank, 2016, EUR; Hungary, 2019, EUR; Metalloinvest, 2016; Metinvest Holding, 2018; Poland, 2021, EUR; Slovakia, 2020; Slovenia, 2026; Turk Eximbank, 2016; VimpelCom, 2022; VimpelCom, 2017; VimpelCom, 2014 (FRN)
14 UniCredit Group 2,974 2.70%912Agrokor, 2016, EUR; CEZ, 2016, EUR; Croatia, 2018, EUR; Hungary, 2019, EUR; IPIC, 2021, EUR; IPIC, 2016, EUR; IPIC, 2026, GBP; Poland, 2021, EUR; Sappi, 2021; Sappi, 2018, EUR; SID Bank, 2015, EUR; Slovenia, 2026
15 Mitsubishi UFJ Financial Group 2,844 2.59%712Afreximbank, 2016; FirstRand, 2016; IPIC, 2022; IPIC, 2041; IPIC, 2017; National Bank of Abu Dhabi, 2026, JPY; Qatar, 2022; Qatar, 2017; Qatar, 2042; TAQA, 2021; TAQA, 2017; Turkey, 2021, JPY
16 Credit Suisse 2,513 2.29%1419African Bank, 2016; Kiev, 2016 (LPN); Koks, 2016 (LPN); Latvia, 2021; Magyar Telekom, 2016; Metalloinvest, 2016; Metinvest Holding, 2018; Oschadbank, 2016; PKO Bank Polski, 2016, CHF; Poland, 2016, CHF; Teva Pharmaceutical Industries, 2021-1; Teva Pharmaceutical Industries, 2013-1 (FRN); Teva Pharmaceutical Industries, 2016; Teva Pharmaceutical Industries, 2014-3; Teva Pharmaceutical Industries, 2021-2; Teva Pharmaceutical Industries, 2013-2(FRN); Ukreximbank, 2014, UAH; VEB-Leasing, 2016 (LPN); VTB, 2015, CHF (LPN)
17 Erste Group (including Slovenska Sporitelna) 2,429 2.21%59CEZ, 2023, CZK; CEZ, 2016, EUR; Czech Export Bank, 2021, EUR; Czech Export Bank, 2021, CZK (FRN); Czech Export Bank, 2013-3, EUR (FRN); Czech Export Bank, 2018, CZK (FRN); Czech Railways, 2016, EUR; Romania, 2016, EUR; Slovakia, 2020
18 Credit Agricole CIB 1,878 1.71%69Akbank, 2018; Cyfrowy Polsat, 2018, EUR; HCFB, 2014 (LPN); IPIC, 2021, EUR; IPIC, 2016, EUR; IPIC, 2026, GBP; Sappi, 2021; Sappi, 2018, EUR; Slovenia, 2026
19 Bank of America Merrill Lynch 1,838 1.67%78Abu Dhabi Commercial Bank, 2016; Eskom, 2021; Koks, 2016 (LPN); Metalloinvest, 2016; Mriya Agro Holding, 2016; TAQA, 2021; TAQA, 2017; Turkey, 2022
20 UBS 1,570 1.43%1313Abu Dhabi Commercial Bank, 2015, CHF; Agroton, 2014; Alfa Bank, 2021 (LPN); Bank of Moscow, 2013, SGD; CEZ, 2021-4, EUR; Dubai, 2021; Ferrexpo, 2016; FirstRand, 2016; Gazprombank, 2013-2, CHF (LPN); KazKommerzBank, 2018; Mriya Agro Holding, 2016; Renaissance Capital, 2016; TMK, 2018 (LPN)
21 Daiwa Securities Group Inc. 1,033 0.94%22Poland, 2015, JPY; Turkey, 2021, JPY
22 Standard Bank 889 0.81%55Afreximbank, 2016; Koleje Mazowieckie, 2016, EUR; Namibia, 2021; Senegal, 2021; Turkiye Is Bankasi, 2016
23 Qatar National Bank 833 0.76%13Qatar, 2022; Qatar, 2017; Qatar, 2042
24 Renaissance Capital 738 0.67%22Renaissance Capital, 2016; Russia, 2018-2, RUR
25 Santander 728 0.66%13IPIC, 2021, EUR; IPIC, 2016, EUR; IPIC, 2026, GBP
26 Mizuho Corporate Bank 723 0.66%11Turkey, 2021, JPY
27 Natixis 625 0.57%13IPIC, 2022; IPIC, 2041; IPIC, 2017
28 BLOM Bank 600 0.55%12Lebanon, 2016-3; Lebanon, 2022
29 Commerzbank AG 588 0.53%34Afreximbank, 2016; Emirates NBD, 2013 (FRN); Emirates NBD, 2013-3 (FRN); Turk Eximbank, 2016
30 National Bank of Abu Dhabi 580 0.53%45Abu Dhabi Islamic Bank, 2016; Dubai, 2021; Mubadala, 2016; Mubadala, 2021; Union National Bank, 2016
31 RBI Group 443 0.40%33Bank Ochrony Srodowiska, 2016, EUR; Credit Bank of Moscow, 2014 (LPN); Polskie Koleje Panstwowe, 2016, EUR
32 Nomura International 442 0.40%22Abu Dhabi Islamic Bank, 2016; Poland, 2026-2, JPY
33 FransaInvest Bank 413 0.38%15Lebanon, 2019-2; Lebanon, 2019; Lebanon, 2018, EUR; Lebanon, 2022; Lebanon, 2026
34 Nova Ljubljanska Banka 389 0.35%11Slovenia, 2021
35 Sberbank (including Troika Dialog Investment Company) 371 0.34%33Belarus, 2018; Koks, 2016 (LPN); Metalloinvest, 2016
36 Emirates NBD 350 0.32%22Dubai, 2021; Emirates Airlines, 2016
37-38 Alfa Bank 333 0.30%11Alfa Bank, 2021 (LPN)
37-38 BYBLOS BANK 333 0.30%12Lebanon, 2019; Lebanon, 2022
39 Gulf International Bank 215 0.20%11Almana Group, 2016 (FRN)
40 VEB Capital 208 0.19%22Kiev, 2016 (LPN); VEB-Leasing, 2016 (LPN)
41 Halyk Finance 167 0.15%11Halyk Bank, 2021
42 Nordea Bank 163 0.15%11Elering, 2018, EUR
43 Gazprombank 154 0.14%11Gazprombank, 2013-2, CHF (LPN)
44 Intesa Sanpaolo 142 0.13%11CEZ, 2016, EUR
45 Abu Dhabi Commercial Bank 125 0.11%11Abu Dhabi Commercial Bank, 2016
46 OCBC 121 0.11%11VTB, 2014, SGD
47 KBC Bank 118 0.11%12Sappi, 2021; Sappi, 2018, EUR
48 Maybank 99 0.09%11Gulf Investment Corp, 2016, MYR
49-50 Abu Dhabi Islamic Bank 88 0.08%11Kuveyt Turk Participation Bank, 2016
49-50 Kuwait’s Liquidity Management House 88 0.08%11Kuveyt Turk Participation Bank, 2016
51 CSOB 50 0.05%11Czech Export Bank, 2016-2 (FRN)
52 Dragon Capital 17 0.02%11Agroton, 2014
53 BCP Securities 12 0.01%11Probusinessbank, 2016 (LPN)
Total sum 109,948  

Eurobond bookrunner league table
Market segment: Sovereign sector
Region: EEMEA
Currency: All
Unit: mln. USD

#Investment bankVolume, mln. USDShare, %Number of issuersIssues placedIssues
1 Deutsche Bank 6,894 14.38%1218Belarus, 2018; Croatia, 2018, EUR; Croatia, 2021; Hungary, 2021; Hungary, 2019, EUR; Hungary, 2041; Lebanon, 2019-2; Lebanon, 2018, EUR; Lebanon, 2026; Nigeria, 2021; Poland, 2021, EUR; Poland, 2022; Russia, 2018-2, RUR; Serbia, 2021; Slovakia, 2020; Slovenia, 2021; South Africa, 2041; Turkey, 2041
2 Citigroup 5,308 11.07%813Bahrain, 2018; Hungary, 2021; Hungary, 2041; Latvia, 2021; Lebanon, 2022; Lebanon, 2016-3; Nigeria, 2021; Poland, 2021-2; Poland, 2022; Qatar, 2017; Qatar, 2042; Qatar, 2022; South Africa, 2041
3 JP Morgan 4,841 10.10%912Croatia, 2021; Georgia, 2021; Lithuania, 2021-2; Montenegro, 2016, EUR; Qatar, 2017; Qatar, 2042; Qatar, 2022; Russia, 2018-2, RUR; Serbia, 2021; Turkey, 2041; Ukraine, 2016-2; Ukraine, 2021
4 HSBC 3,943 8.22%912Croatia, 2018, EUR; Dubai, 2021; Lebanon, 2022; Lebanon, 2019; Montenegro, 2016, EUR; Poland, 2022; Qatar, 2017; Qatar, 2042; Qatar, 2022; Russia, 2018-2, RUR; Slovenia, 2021; Turkey, 2022
5 BNP Paribas 2,425 5.06%56Bahrain, 2018; Belarus, 2018; Hungary, 2021; Hungary, 2041; Lithuania, 2021-2; Poland, 2016, CHF
6 Societe Generale 1,955 4.08%33Poland, 2021, EUR; Romania, 2016, EUR; Slovenia, 2026
7 Barclays Capital 1,834 3.83%55Croatia, 2021; Namibia, 2021; Slovakia, 2020; Slovenia, 2021; Turkey, 2041
8 UniCredit Group 1,724 3.60%44Croatia, 2018, EUR; Hungary, 2019, EUR; Poland, 2021, EUR; Slovenia, 2026
9 ING Wholesale Banking London 1,724 3.60%44Hungary, 2019, EUR; Poland, 2021, EUR; Slovakia, 2020; Slovenia, 2026
10 Mitsubishi UFJ Financial Group 1,557 3.25%24Qatar, 2017; Qatar, 2042; Qatar, 2022; Turkey, 2021, JPY
11 VTB Capital 1,546 3.23%23Russia, 2018-2, RUR; Ukraine, 2016-2; Ukraine, 2021
12 Erste Group (including Slovenska Sporitelna) 1,451 3.03%22Romania, 2016, EUR; Slovakia, 2020
13 Standard Chartered Bank 1,413 2.95%48Bahrain, 2018; Lebanon, 2019-2; Lebanon, 2018, EUR; Lebanon, 2026; Qatar, 2017; Qatar, 2042; Qatar, 2022; Senegal, 2021
14 RBS 1,342 2.80%44Belarus, 2018; Dubai, 2021; Lithuania, 2021-2; Poland, 2021-2
15 Goldman Sachs 1,305 2.72%33Georgia, 2021; Poland, 2021-2; Slovenia, 2021
16 Daiwa Securities Group Inc. 1,033 2.16%22Poland, 2015, JPY; Turkey, 2021, JPY
17 Morgan Stanley 917 1.91%12Ukraine, 2016-2; Ukraine, 2021
18 Qatar National Bank 833 1.74%13Qatar, 2017; Qatar, 2042; Qatar, 2022
19 Mizuho Corporate Bank 723 1.51%11Turkey, 2021, JPY
20 Renaissance Capital 630 1.31%11Russia, 2018-2, RUR
21 BLOM Bank 600 1.25%12Lebanon, 2022; Lebanon, 2016-3
22 Credit Agricole CIB 533 1.11%11Slovenia, 2026
23-24 Standard Bank 500 1.04%22Namibia, 2021; Senegal, 2021
23-24 Bank of America Merrill Lynch 500 1.04%11Turkey, 2022
25 Credit Suisse 433 0.90%22Latvia, 2021; Poland, 2016, CHF
26 FransaInvest Bank 413 0.86%15Lebanon, 2019-2; Lebanon, 2022; Lebanon, 2018, EUR; Lebanon, 2026; Lebanon, 2019
27 Nova Ljubljanska Banka 389 0.81%11Slovenia, 2021
28 Nomura International 342 0.71%11Poland, 2026-2, JPY
29 BYBLOS BANK 333 0.70%12Lebanon, 2022; Lebanon, 2019
30 Sberbank 200 0.42%11Belarus, 2018
31-33 Emirates NBD 100 0.21%11Dubai, 2021
31-33 UBS 100 0.21%11Dubai, 2021
31-33 National Bank of Abu Dhabi 100 0.21%11Dubai, 2021
Total sum 47,941  

Eurobond bookrunner league table
Market segment: Corporate sector
Region: EEMEA
Currency: All
Unit: mln. USD

#Investment bankVolume, mln. USDShare, %Number of issuersIssues placedIssues
1 JP Morgan 5,992 9.71%2031Abu Dhabi Commercial Bank, 2016; Development Bank of Kazahstan, 2015; Eskom, 2021; Ferrexpo, 2016; FirstRand, 2016; Foodcorp, 2018, EUR; Gazprom, 2016-2 (LPN24); Gazprom, 2021 (LPN25); Guaranty Trust Bank, 2016; Gulf International Bank, 2014 (FRN); IPIC, 2017; IPIC, 2022; IPIC, 2041; KazKommerzBank, 2018; Metalloinvest, 2016; Promsvyazbank, 2014 (LPN); Russian Agricultural Bank, 2021 (LPN); Russian Agricultural Bank, 2016-2, RUR (LPN); Sappi, 2018, EUR; Sappi, 2021; Sberbank, 2021 (LPN); Teva Pharmaceutical Industries, 2014-3; Teva Pharmaceutical Industries, 2021-2; Teva Pharmaceutical Industries, 2013-2(FRN); Teva Pharmaceutical Industries, 2021-1; Teva Pharmaceutical Industries, 2013-1 (FRN); Teva Pharmaceutical Industries, 2016; Turkiye Garanti Bankasi, 2016 (FRN); Turkiye Garanti Bankasi, 2021; Turkiye Is Bankasi, 2016; VTB, 2018-2 (LPN)
2 Barclays Capital 5,922 9.60%1833Bank Ochrony Srodowiska, 2016, EUR; CEZ, 2021-3, EUR (inflation-linked); Czech Railways, 2016, EUR; Edcon, 2018; Edcon, 2018, EUR; Eskom, 2021; Foodcorp, 2018, EUR; Gazprombank, 2013-2, CHF (LPN); IPIC, 2017; IPIC, 2022; IPIC, 2041; Mubadala, 2021; Mubadala, 2016; Russian Agricultural Bank, 2021 (LPN); RZD, 2031, GBP (LPN); Severstal, 2016 (LPN); Teva Pharmaceutical Industries, 2014 (FRN); Teva Pharmaceutical Industries, 2014-3; Teva Pharmaceutical Industries, 2021-2; Teva Pharmaceutical Industries, 2013-2(FRN); Teva Pharmaceutical Industries, 2021-1; Teva Pharmaceutical Industries, 2014; Teva Pharmaceutical Industries, 2013-1 (FRN); Teva Pharmaceutical Industries, 2016; TMK, 2018 (LPN); Transnet, 2016; Turk Eximbank, 2016; VimpelCom, 2022; VimpelCom, 2021 (LPN); VimpelCom, 2017; VimpelCom, 2016-2 (LPN); VimpelCom, 2014 (FRN); Vnesheconombank, 2016, CHF
3 Goldman Sachs 5,054 8.19%1529Afren, 2016; African Bank, 2016; Alfa Bank, 2021 (LPN); Edcon, 2018; Edcon, 2018, EUR; Evraz Group, 2018-2; IPIC, 2021, EUR; IPIC, 2017; IPIC, 2016, EUR; IPIC, 2022; IPIC, 2026, GBP; IPIC, 2041; Polskie Koleje Panstwowe, 2016, EUR; RZD, 2031, GBP (LPN); Severstal, 2016 (LPN); Teva Pharmaceutical Industries, 2014 (FRN); Teva Pharmaceutical Industries, 2014-3; Teva Pharmaceutical Industries, 2021-2; Teva Pharmaceutical Industries, 2013-2(FRN); Teva Pharmaceutical Industries, 2021-1; Teva Pharmaceutical Industries, 2014; Teva Pharmaceutical Industries, 2013-1 (FRN); Teva Pharmaceutical Industries, 2016; Transnet, 2016; Turkiye Garanti Bankasi, 2016 (FRN); Turkiye Garanti Bankasi, 2021; VEB-Leasing, 2016 (LPN); VTB, 2018-2 (LPN); ТСS Bank, 2014 (LPN)
4 BNP Paribas 4,871 7.89%1528Afren, 2016; Agrokor, 2016, EUR; CEZ, 2016, EUR; Gazprom, 2016-2 (LPN24); Gazprom, 2021 (LPN25); Hungarian Development Bank, 2016, EUR; IPIC, 2021, EUR; IPIC, 2016, EUR; IPIC, 2026, GBP; Metalloinvest, 2016; Nitrogenmuvek, 2013, EUR (Step-up); NOVATEK, 2021 (LPN); NOVATEK, 2016 (LPN); PKO Bank Polski, 2016, CHF; Teva Pharmaceutical Industries, 2014-3; Teva Pharmaceutical Industries, 2021-2; Teva Pharmaceutical Industries, 2013-2(FRN); Teva Pharmaceutical Industries, 2021-1; Teva Pharmaceutical Industries, 2013-1 (FRN); Teva Pharmaceutical Industries, 2016; Turk Ekonomi Bankasi, 2023, EUR (FRN); VimpelCom, 2022; VimpelCom, 2021 (LPN); VimpelCom, 2017; VimpelCom, 2016-2 (LPN); VimpelCom, 2014 (FRN); Vnesheconombank, 2016, CHF; VTB, 2015, CHF (LPN)
5 Deutsche Bank 3,932 6.37%1923Afren, 2016; Cyfrowy Polsat, 2018, EUR; Development Bank of Kazahstan, 2015; Edcon, 2018; Edcon, 2018, EUR; Elering, 2018, EUR; Emirates Airlines, 2016; Finansbank, 2016; First Gulf Bank, 2016, CHF; Halyk Bank, 2021; IPIC, 2021, EUR; IPIC, 2016, EUR; IPIC, 2026, GBP; Metinvest Holding, 2018; Promsvyazbank, 2014 (LPN); Russian Agricultural Bank, 2016-2, RUR (LPN); Sberbank, 2021 (LPN); SID Bank, 2015, EUR; TMK, 2018 (LPN); Turkiye Garanti Bankasi, 2016 (FRN); Turkiye Garanti Bankasi, 2021; Ukreximbank, 2014, UAH; Union National Bank, 2016
6 HSBC 3,822 6.19%1725Abu Dhabi Islamic Bank, 2016; Afreximbank, 2016; Akbank, 2018; CEZ, 2016, EUR; Emaar Properties, 2016; Emirates Airlines, 2016; Finansbank, 2016; First Gulf Bank, 2016; HSBC Bank Middle East, 2016; Kuveyt Turk Participation Bank, 2016; Mubadala, 2021; Mubadala, 2016; Sberbank, 2021 (LPN); Sharjah Islamic Bank, 2016; SID Bank, 2015, EUR; Teva Pharmaceutical Industries, 2014-3; Teva Pharmaceutical Industries, 2021-2; Teva Pharmaceutical Industries, 2013-2(FRN); Teva Pharmaceutical Industries, 2021-1; Teva Pharmaceutical Industries, 2013-1 (FRN); Teva Pharmaceutical Industries, 2016; Union National Bank, 2016; VimpelCom, 2022; VimpelCom, 2017; VimpelCom, 2014 (FRN)
7 Citigroup 3,495 5.66%1627Abu Dhabi Islamic Bank, 2016; Akbank, 2018; Cyfrowy Polsat, 2018, EUR; Development Bank of Kazahstan, 2015; Finansbank, 2016; First Gulf Bank, 2016; Halyk Bank, 2021; HCFB, 2014 (LPN); NOVATEK, 2021 (LPN); NOVATEK, 2016 (LPN); Sappi, 2018, EUR; Sappi, 2021; Teva Pharmaceutical Industries, 2014-3; Teva Pharmaceutical Industries, 2021-2; Teva Pharmaceutical Industries, 2013-2(FRN); Teva Pharmaceutical Industries, 2021-1; Teva Pharmaceutical Industries, 2013-1 (FRN); Teva Pharmaceutical Industries, 2016; Turk Eximbank, 2016; Ukreximbank, 2014, UAH; Union National Bank, 2016; VimpelCom, 2022; VimpelCom, 2021 (LPN); VimpelCom, 2017; VimpelCom, 2016-2 (LPN); VimpelCom, 2014 (FRN); ТСS Bank, 2014 (LPN)
8 RBS 2,919 4.73%1421Abu Dhabi Commercial Bank, 2015, CHF; Cyfrowy Polsat, 2018, EUR; Emaar Properties, 2016; Gulf Investment Corp, 2016, MYR; Metalloinvest, 2016; Metinvest Holding, 2018; Mriya Agro Holding, 2016; NOVATEK, 2021 (LPN); NOVATEK, 2016 (LPN); Renaissance Capital, 2016; Sappi, 2018, EUR; Sappi, 2021; Sberbank, 2021 (LPN); TAQA, 2017; TAQA, 2021; Turkiye Is Bankasi, 2016; VimpelCom, 2022; VimpelCom, 2021 (LPN); VimpelCom, 2017; VimpelCom, 2016-2 (LPN); VimpelCom, 2014 (FRN)
9 Morgan Stanley 2,458 3.98%816Edcon, 2018; Edcon, 2018, EUR; Emirates Airlines, 2016; Ferrexpo, 2016; Fininpro, 2018; Guaranty Trust Bank, 2016; National Bank of Abu Dhabi, 2026, JPY; Oschadbank, 2016; Teva Pharmaceutical Industries, 2014 (FRN); Teva Pharmaceutical Industries, 2014-3; Teva Pharmaceutical Industries, 2021-2; Teva Pharmaceutical Industries, 2013-2(FRN); Teva Pharmaceutical Industries, 2021-1; Teva Pharmaceutical Industries, 2014; Teva Pharmaceutical Industries, 2013-1 (FRN); Teva Pharmaceutical Industries, 2016
10 VTB Capital 2,444 3.96%912Agroton, 2014; Evraz Group, 2018-2; Fininpro, 2018; Koks, 2016 (LPN); Metalloinvest, 2016; Metinvest Holding, 2018; Russian Agricultural Bank, 2021 (LPN); Russian Agricultural Bank, 2016-2, RUR (LPN); RZD, 2031, GBP (LPN); VTB, 2015, CHF (LPN); VTB, 2014, SGD; VTB, 2018-2 (LPN)
11 Standard Chartered Bank 2,413 3.91%1518Abu Dhabi Commercial Bank, 2016; Abu Dhabi Islamic Bank, 2016; African Bank, 2016; Akbank, 2018; Emaar Properties, 2016; Finansbank, 2016; First Gulf Bank, 2016; FirstRand, 2016; Kuveyt Turk Participation Bank, 2016; Mubadala, 2021; Mubadala, 2016; Sharjah Islamic Bank, 2016; TAQA, 2017; TAQA, 2021; Turkiye Garanti Bankasi, 2016 (FRN); Turkiye Garanti Bankasi, 2021; Turkiye Is Bankasi, 2016; Union National Bank, 2016
12 Credit Suisse 2,005 3.25%1116African Bank, 2016; Koks, 2016 (LPN); Magyar Telekom, 2016; Metalloinvest, 2016; Metinvest Holding, 2018; Oschadbank, 2016; PKO Bank Polski, 2016, CHF; Teva Pharmaceutical Industries, 2014-3; Teva Pharmaceutical Industries, 2021-2; Teva Pharmaceutical Industries, 2013-2(FRN); Teva Pharmaceutical Industries, 2021-1; Teva Pharmaceutical Industries, 2013-1 (FRN); Teva Pharmaceutical Industries, 2016; Ukreximbank, 2014, UAH; VEB-Leasing, 2016 (LPN); VTB, 2015, CHF (LPN)
13 UBS 1,470 2.38%1212Abu Dhabi Commercial Bank, 2015, CHF; Agroton, 2014; Alfa Bank, 2021 (LPN); Bank of Moscow, 2013, SGD; CEZ, 2021-4, EUR; Ferrexpo, 2016; FirstRand, 2016; Gazprombank, 2013-2, CHF (LPN); KazKommerzBank, 2018; Mriya Agro Holding, 2016; Renaissance Capital, 2016; TMK, 2018 (LPN)
14 ING Wholesale Banking London 1,422 2.30%810Bank Ochrony Srodowiska, 2016, EUR; Bank of Moscow, 2013, SGD; Evraz Group, 2018-2; Hungarian Development Bank, 2016, EUR; Metalloinvest, 2016; Metinvest Holding, 2018; Turk Eximbank, 2016; VimpelCom, 2022; VimpelCom, 2017; VimpelCom, 2014 (FRN)
15 Societe Generale 1,387 2.25%58Czech Railways, 2016, EUR; Hungarian Development Bank, 2016, EUR; IPIC, 2017; IPIC, 2022; IPIC, 2041; Metalloinvest, 2016; Mubadala, 2021; Mubadala, 2016
16 Credit Agricole CIB 1,346 2.18%58Akbank, 2018; Cyfrowy Polsat, 2018, EUR; HCFB, 2014 (LPN); IPIC, 2021, EUR; IPIC, 2016, EUR; IPIC, 2026, GBP; Sappi, 2018, EUR; Sappi, 2021
17 Bank of America Merrill Lynch 1,338 2.17%67Abu Dhabi Commercial Bank, 2016; Eskom, 2021; Koks, 2016 (LPN); Metalloinvest, 2016; Mriya Agro Holding, 2016; TAQA, 2017; TAQA, 2021
18 Mitsubishi UFJ Financial Group 1,287 2.09%58Afreximbank, 2016; FirstRand, 2016; IPIC, 2017; IPIC, 2022; IPIC, 2041; National Bank of Abu Dhabi, 2026, JPY; TAQA, 2017; TAQA, 2021
19 UniCredit Group 1,250 2.03%58Agrokor, 2016, EUR; CEZ, 2016, EUR; IPIC, 2021, EUR; IPIC, 2016, EUR; IPIC, 2026, GBP; Sappi, 2018, EUR; Sappi, 2021; SID Bank, 2015, EUR
20 Erste Group 978 1.58%37CEZ, 2023, CZK; CEZ, 2016, EUR; Czech Export Bank, 2021, CZK (FRN); Czech Export Bank, 2013-3, EUR (FRN); Czech Export Bank, 2021, EUR; Czech Export Bank, 2018, CZK (FRN); Czech Railways, 2016, EUR
21 Santander 728 1.18%13IPIC, 2021, EUR; IPIC, 2016, EUR; IPIC, 2026, GBP
22 Natixis 625 1.01%13IPIC, 2017; IPIC, 2022; IPIC, 2041
23 Commerzbank AG 588 0.95%34Afreximbank, 2016; Emirates NBD, 2013 (FRN); Emirates NBD, 2013-3 (FRN); Turk Eximbank, 2016
24 National Bank of Abu Dhabi 480 0.78%34Abu Dhabi Islamic Bank, 2016; Mubadala, 2021; Mubadala, 2016; Union National Bank, 2016
25 RBI Group 443 0.72%33Bank Ochrony Srodowiska, 2016, EUR; Credit Bank of Moscow, 2014 (LPN); Polskie Koleje Panstwowe, 2016, EUR
26 Standard Bank 389 0.63%33Afreximbank, 2016; Koleje Mazowieckie, 2016, EUR; Turkiye Is Bankasi, 2016
27 Alfa Bank 333 0.54%11Alfa Bank, 2021 (LPN)
28 Emirates NBD 250 0.41%11Emirates Airlines, 2016
29 Gulf International Bank 215 0.35%11Almana Group, 2016 (FRN)
30 Sberbank (including Troika Dialog Investment Company) 171 0.28%22Koks, 2016 (LPN); Metalloinvest, 2016
31 Halyk Finance 167 0.27%11Halyk Bank, 2021
32 Nordea Bank 163 0.26%11Elering, 2018, EUR
33 Gazprombank 154 0.25%11Gazprombank, 2013-2, CHF (LPN)
34 Intesa Sanpaolo 142 0.23%11CEZ, 2016, EUR
35 VEB Capital 133 0.22%11VEB-Leasing, 2016 (LPN)
36 Abu Dhabi Commercial Bank 125 0.20%11Abu Dhabi Commercial Bank, 2016
37 OCBC 121 0.20%11VTB, 2014, SGD
38 KBC Bank 118 0.19%12Sappi, 2018, EUR; Sappi, 2021
39 Renaissance Capital 108 0.18%11Renaissance Capital, 2016
40 Nomura International 100 0.16%11Abu Dhabi Islamic Bank, 2016
41 Maybank 99 0.16%11Gulf Investment Corp, 2016, MYR
42-43 Kuwait’s Liquidity Management House 88 0.14%11Kuveyt Turk Participation Bank, 2016
42-43 Abu Dhabi Islamic Bank 88 0.14%11Kuveyt Turk Participation Bank, 2016
44 CSOB 50 0.08%11Czech Export Bank, 2016-2 (FRN)
45 Dragon Capital 17 0.03%11Agroton, 2014
46 BCP Securities 12 0.02%11Probusinessbank, 2016 (LPN)
Total sum 61,708  

Eurobond bookrunner league table
Region: Latin America
Currency: All
Unit: mln. USD

#Investment bankVolume, mln. USDShare, %Number of issuersIssues placedIssues
1 Deutsche Bank 13,584 14.12%3339AES Gener, 2021; America Movil, 2026, GBP; America Movil, 2019, EUR; Banco Cruzeiro do Sul, 2014; Banco do Brasil, 2016, EUR; Banco Galicia, 2018; Banco Santander Brasil, 2016; Banco Votorantim, 2016, BRL (inflation-linked); BBVA Bancomer, 2021; BBVA Bancomer, 2016; BR Malls, perp 2; Braskem, 2021; Buenos Aires, 2015-2; Buenos Aires, 2021; Capex, 2018; Cencosud, 2021; Chile, 2020, CLP; Chile, 2021; Comision Federal de Electricidad, 2021; Dominican Republic, 2021; Edenor, 2022; El Salvador, 2041; Emgesa, 2021, COP; Empresa de Energia de Bogota, 2021; Fibria, 2021; Grupo ICE, 2021; Itau Unibanco, 2021; Jamaica, 2019; Marfrig, 2018; Mexico, 2040; NII Holdings, 2021; Pemex, 2041; Petrobras, 2022, EUR; Petrobras, 2026, GBP; Petrobras, 2018, EUR; Tarjeta Naranja, 2017; Telemar Norte Leste, 2016, BRL; Transener, 2021; Venezuela, 2031
2 Citigroup 10,611 11.03%2327AES Gener, 2021; Banco Bradesco, 2014, FRN; Banco Bradesco, 2016; Banco de Bogota, 2017; Banco do Brasil, 2017; BBVA Paraguay, 2016; Braskem, 2021; CEMEX, 2018; Colombia, 2021; Corporacion Lindley, 2021; Dominican Republic, 2021; Emgesa, 2021, COP; Empresas CMPC, 2018; Fibria, 2021; Grupo ACP, 2021; Grupo ICE, 2021; Hypermarcas, 2021; Neuquen Province, 2021; PDVSA, 2022; PDVSA, 2017-2; Petrobras, 2041; Petrobras, 2021; Petrobras, 2016; Queiroz Galvao, 2018; Telemar Norte Leste, 2016, BRL; Transener, 2021; Uruguay, 2028, UYU (Inflation-linked)
3 JP Morgan 10,099 10.50%3440America Movil, 2016; America Movil, 2040 (Exch); Arcos Dorados, 2016, BRL; Automotores Gildemeister, 2021; Banco Bradesco, 2021; Banco de Bogota, 2017; Banco de Credito del Peru, 2016; Banco do Brasil, 2022; Banco do Brasil, 2017; Banco Safra, 2021; Banco Safra, 2016, BRL; Banco Santander Chile, 2016 (FRN); Bancolombia, 2016; Bancolombia, 2021; BTG Pactual, 2016; Capex, 2018; CEMEX, 2015 (FRN); Cencosud, 2021; Corporacion Lindley, 2021; Dominican Republic, 2021; Edenor, 2022; Empresas CMPC, 2018; ENAP, 2021; First Citizens, 2016; Grupo de Inversiones Suramericana, 2021; IFH Peru, 2018; Inversiones Alsacia, 2018; JBS, 2021; Kansas City Southern de Mexico, 2021; Marfrig, 2018; Navios Logistics, 2019; NII Holdings, 2021; OGX, 2018; Pemex, 2041; Petrobras, 2041; Petrobras, 2021; Petrobras, 2016; Raghsa, 2017; Sigma Alimentos, 2018; Votorantim Cimentos, 2041
4 Bank of America Merrill Lynch 9,613 9.99%3640America Movil, 2016; America Movil, 2040 (Exch); Arcos Dorados, 2016, BRL; Banco Bradesco, 2021; Banco de Credito del Peru, 2016; Banco de Credito del Peru, 2026; Banco do Brasil, 2022; Banco Industrial , 2021; Banco Safra, 2015, BRL; Banco Safra, 2021; Bancolombia, 2021; Braskem, 2041; Brazil, 2041; Buenos Aires, 2015-2; Buenos Aires, 2021; CEMEX, 2015 (FRN); Cimento Tupi, 2018; Colombia, 2021; Comision Federal de Electricidad, 2021; Empresas ICA, 2021; Empresas Publicas de Medellin, 2021, COP; Energisa, perp; General Shopping Brasil, perp; Grupo de Inversiones Suramericana, 2021; IFH Peru, 2018; IMPSA, 2020; Inkia Energy, 2021; Inversiones Alsacia, 2018; Itau Unibanco, 2021-2; Javer, 2021; JBS, 2021; Kansas City Southern de Mexico, 2021; Mexico, 2040; Navios Logistics, 2019; Odebrecht, 2023; Pacific Rubiales, 2021; Sigma Alimentos, 2018; Tarjeta Naranja, 2017; Telemar Norte Leste, 2016, BRL; Votorantim Cimentos, 2041
5 HSBC 8,705 9.05%2534America Movil, 2026, GBP; Banco Bradesco, 2021; Banco Daycoval, 2016; Banco de Bogota, 2017; Banco do Brasil, 2017; Banco Santander Brasil, 2016; Banco Votorantim, 2016; Braskem, 2041; Celpa, 2016; CEMEX, 2018; Chile, 2020, CLP; Chile, 2021; Codelco, 2021; Empresa Nacional de Autopistas, 2018 (Class B); Empresa Nacional de Autopistas, 2025 (Class A); ENAP, 2021; HSBC Brasil, 2016; Hypermarcas, 2021; Mexico, 2020-2; NWS Holdings, 2014, CNY; Odebrecht, perp-2; Odebrecht, 2023; OGX, 2018; Pemex, 2021, MXN; Pemex, 2021 (Exch); Petrobras, 2041; Petrobras, 2022, EUR; Petrobras, 2021; Petrobras, 2026, GBP; Petrobras, 2018, EUR; Petrobras, 2016; Queiroz Galvao, 2018; Telemar Norte Leste, 2016, BRL; Uruguay, 2028, UYU (Inflation-linked)
6 Credit Suisse 8,565 8.91%1415America Movil, 2019, EUR; America Movil, 2017, CHF; Banco Santander Brasil, 2014, CHF; BNDES, 2016, CHF; BR Properties, perp; Eletrobras, 2021; Grupo Virgolino de Oliveira, 2018; Inkia Energy, 2021; Javer, 2021; Mexico, 2110; National Road Operating and Construction Company, 2024; NII Holdings, 2021; OGX, 2018; PDVSA, 2022; Venezuela, 2026
7 Santander 6,624 6.89%1724Banco Santander Brasil, 2016; Banco Santander Brasil, 2014 (FRN); Banco Santander Chile, 2016 (FRN); Braskem, 2021; Brazil, 2021; CEMEX, 2018; Cencosud, 2021; Eletrobras, 2021; Empresa de Energia de Bogota, 2021; Empresas ICA, 2021; Energisa, perp; Fibria, 2021; GEO, 2021; Grupo Virgolino de Oliveira, 2018; Pemex, 2021, MXN; Pemex, 2021 (Exch); Petrobras, 2041; Petrobras, 2022, EUR; Petrobras, 2021; Petrobras, 2026, GBP; Petrobras, 2018, EUR; Petrobras, 2016; Queiroz Galvao, 2018; TAM, 2021
8 Itau Unibanco 3,453 3.59%1619Arcos Dorados, 2016, BRL; Banco Votorantim, 2016, BRL (inflation-linked); BR Properties, perp; Celpa, 2016; Coelba, 2016, BRL; Cresud, 2014; Empresas CMPC, 2018; Grupo Virgolino de Oliveira, 2018; Hypermarcas, 2021; Itau Unibanco, 2021; Itau Unibanco, 2021-2; Marfrig, 2018; OGX, 2018; Petrobras, 2041; Petrobras, 2021; Petrobras, 2016; Raghsa, 2017; Telemar Norte Leste, 2016, BRL; Votorantim Cimentos, 2041
9 Goldman Sachs 3,042 3.16%810Banco Bradesco, 2014, FRN; Banco Bradesco, 2016; Banco Daycoval, 2016; BBVA Bancomer, 2021; BBVA Bancomer, 2016; Brazil, 2021; Comision Federal de Electricidad, 2021; Mexico, 2110; NII Holdings, 2021; Pemex, 2041
10 Barclays Capital 3,027 3.15%1112Banco BMG, 2018; Banco BMG, 2014; Banco Cruzeiro do Sul, 2016-2; Banco Safra, 2014; Banco Santander Brasil, 2016; Brazil, 2041; Colombia, 2021; Dominican Republic, 2021; Empresas Publicas de Medellin, 2021, COP; JBS, 2021; Mexico, 2020-2; Neuquen Province, 2021
11 Banco Bradesco 2,207 2.30%914Banco BMG, 2018; Banco BMG, 2014; Banco Bradesco, 2014, FRN; Banco Bradesco, 2016; Banco Bradesco, 2021; Banco do Brasil, 2017; Banco Votorantim, 2016; BTG Pactual, 2016; Celpa, 2016; Hypermarcas, 2021; Marfrig, 2018; Petrobras, 2022, EUR; Petrobras, 2026, GBP; Petrobras, 2018, EUR
12 BB Securities 2,142 2.23%712Banco do Brasil, 2016, EUR; Banco do Brasil, 2022; Banco do Brasil, 2017; Banco Votorantim, 2016; Banco Votorantim, 2016, BRL (inflation-linked); Coelba, 2016, BRL; JBS, 2021; Marfrig, 2018; Petrobras, 2022, EUR; Petrobras, 2026, GBP; Petrobras, 2018, EUR; TAM, 2021
13 Morgan Stanley 2,123 2.21%1315America Movil, 2016, JPY; America Movil, 2014, JPY; Banco BMG, 2018; Banco de Credito del Peru, 2026; Banco Santander Brasil, 2016; Braskem, 2041; Cosan, perp-2; Empresas ICA, 2021; Energisa, perp; Itau Unibanco, 2021; JBS, 2021; NII Holdings, 2021; Pemex, 2021, MXN; Pemex, 2021 (Exch); Telemar Norte Leste, 2016, BRL
14 BNP Paribas 1,987 2.07%78Banco do Brasil, 2016, EUR; Banco do Brasil, 2022; Banco Votorantim, 2016; BNDES, 2016, CHF; CEMEX, 2018; Coelba, 2016, BRL; Jamaica, 2019; Pemex, 2041
15 BTG Pactual 1,608 1.67%79Banco BMG, 2018; BR Malls, perp 2; BTG Pactual, 2016; General Shopping Brasil, perp; Grupo Virgolino de Oliveira, 2018; Petrobras, 2041; Petrobras, 2021; Petrobras, 2016; TAM, 2021
16 RBS 1,179 1.23%45Banco Santander Brasil, 2014, CHF; Banco Votorantim, 2016; CEMEX, 2015 (FRN); CEMEX, 2018; Pemex, 2041
17 UBS 1,028 1.07%69Banco BVA, 2014; Banco Cruzeiro do Sul, 2016-2; Banco Cruzeiro do Sul, 2014; Banco Galicia, 2018; Banco Safra, 2014; Banco Safra, 2021; Banco Safra, 2016, BRL; Grupo Elektra, 2018; IMPSA, 2020
18 Mitsubishi UFJ Financial Group 1,003 1.04%45America Movil, 2016, JPY; America Movil, 2014, JPY; Codelco, 2021; ENAP, 2021; Panama, 2021, JPY
19 Banco Votorantim 913 0.95%24Banco do Brasil, 2016, EUR; Banco do Brasil, 2022; Banco Votorantim, 2016; Banco Votorantim, 2016, BRL (inflation-linked)
20 BBVA 842 0.88%34BBVA Bancomer, 2021; BBVA Bancomer, 2016; BBVA Paraguay, 2016; ENAP, 2021
21 Jefferies & Co 646 0.67%44Grupo Elektra, 2018; Satmex, 2017; Sifco, 2016; TV Azteca, 2018
22 BCP Securities 599 0.62%56Banco BMG, 2018; Banco BMG, 2014; Banco BVA, 2014; Banco Cruzeiro do Sul, 2016-2; Grupo Elektra, 2018; TV Azteca, 2018
23 Credit Agricole CIB 597 0.62%13Petrobras, 2022, EUR; Petrobras, 2026, GBP; Petrobras, 2018, EUR
24 Banco Safra 524 0.55%24Banco Fibra, 2014; Banco Safra, 2015, BRL; Banco Safra, 2014; Banco Safra, 2021
25 Daiwa Securities Group Inc. 497 0.52%22Panama, 2021, JPY; Uruguay, 2021, JPY
26 Nomura International 246 0.26%11Uruguay, 2021, JPY
27 IMTrust 213 0.22%22Grupo ACP, 2021; Interproperties Finance Trust, 2023
28 Global Bank 198 0.21%12Empresa Nacional de Autopistas, 2018 (Class B); Empresa Nacional de Autopistas, 2025 (Class A)
29 Standard Chartered Bank 100 0.10%11Banco Daycoval, 2016
30 Standard Bank 86 0.09%22Celpa, 2016; Edenor, 2022
31 Mizuho Corporate Bank 52 0.05%12America Movil, 2016, JPY; America Movil, 2014, JPY
32 Eurovest 38 0.04%11Sifco, 2016
33 LXG Capital 28 0.03%11Grupo ACP, 2021
Total sum 96,178  

Eurobond bookrunner league table
Market segment: Sovereign sector
Region: Latin America
Currency: All
Unit: mln. USD

#Investment bankVolume, mln. USDShare, %Number of issuersIssues placedIssues
1 Deutsche Bank 6,354 33.53%67Chile, 2021; Chile, 2020, CLP; Dominican Republic, 2021; El Salvador, 2041; Jamaica, 2019; Mexico, 2040; Venezuela, 2031
2 Credit Suisse 3,500 18.47%22Mexico, 2110; Venezuela, 2026
3 Barclays Capital 1,967 10.38%44Brazil, 2041; Colombia, 2021; Dominican Republic, 2021; Mexico, 2020-2
4 Bank of America Merrill Lynch 1,717 9.06%33Brazil, 2041; Colombia, 2021; Mexico, 2040
5 HSBC 1,675 8.84%34Chile, 2021; Chile, 2020, CLP; Mexico, 2020-2; Uruguay, 2028, UYU (Inflation-linked)
6 Citigroup 1,292 6.82%33Colombia, 2021; Dominican Republic, 2021; Uruguay, 2028, UYU (Inflation-linked)
7 Goldman Sachs 750 3.96%22Brazil, 2021; Mexico, 2110
8 Daiwa Securities Group Inc. 497 2.62%22Panama, 2021, JPY; Uruguay, 2021, JPY
9 Mitsubishi UFJ Financial Group 251 1.33%11Panama, 2021, JPY
10-11 Santander 250 1.32%11Brazil, 2021
10-11 JP Morgan 250 1.32%11Dominican Republic, 2021
12 Nomura International 246 1.30%11Uruguay, 2021, JPY
13 BNP Paribas 200 1.06%11Jamaica, 2019
Total sum 18,947  

Eurobond bookrunner league table
Market segment: Corporate sector
Region: Latin America
Currency: All
Unit: mln. USD

#Investment bankVolume, mln. USDShare, %Number of issuersIssues placedIssues
1 JP Morgan 9,849 12.96%3339America Movil, 2016; America Movil, 2040 (Exch); Arcos Dorados, 2016, BRL; Automotores Gildemeister, 2021; Banco Bradesco, 2021; Banco de Bogota, 2017; Banco de Credito del Peru, 2016; Banco do Brasil, 2022; Banco do Brasil, 2017; Banco Safra, 2016, BRL; Banco Safra, 2021; Banco Santander Chile, 2016 (FRN); Bancolombia, 2016; Bancolombia, 2021; BTG Pactual, 2016; Capex, 2018; CEMEX, 2015 (FRN); Cencosud, 2021; Corporacion Lindley, 2021; Edenor, 2022; Empresas CMPC, 2018; ENAP, 2021; First Citizens, 2016; Grupo de Inversiones Suramericana, 2021; IFH Peru, 2018; Inversiones Alsacia, 2018; JBS, 2021; Kansas City Southern de Mexico, 2021; Marfrig, 2018; Navios Logistics, 2019; NII Holdings, 2021; OGX, 2018; Pemex, 2041; Petrobras, 2016; Petrobras, 2041; Petrobras, 2021; Raghsa, 2017; Sigma Alimentos, 2018; Votorantim Cimentos, 2041
2 Citigroup 9,189 12.10%1923AES Gener, 2021; Banco Bradesco, 2014, FRN; Banco Bradesco, 2016; Banco de Bogota, 2017; Banco do Brasil, 2017; BBVA Paraguay, 2016; Braskem, 2021; CEMEX, 2018; Corporacion Lindley, 2021; Emgesa, 2021, COP; Empresas CMPC, 2018; Fibria, 2021; Grupo ACP, 2021; Grupo ICE, 2021; Hypermarcas, 2021; PDVSA, 2017-2; PDVSA, 2022; Petrobras, 2016; Petrobras, 2041; Petrobras, 2021; Queiroz Galvao, 2018; Telemar Norte Leste, 2016, BRL; Transener, 2021
3 Bank of America Merrill Lynch 7,396 9.74%3235America Movil, 2016; America Movil, 2040 (Exch); Arcos Dorados, 2016, BRL; Banco Bradesco, 2021; Banco de Credito del Peru, 2016; Banco de Credito del Peru, 2026; Banco do Brasil, 2022; Banco Industrial , 2021; Banco Safra, 2015, BRL; Banco Safra, 2021; Bancolombia, 2021; Braskem, 2041; CEMEX, 2015 (FRN); Cimento Tupi, 2018; Comision Federal de Electricidad, 2021; Empresas ICA, 2021; Empresas Publicas de Medellin, 2021, COP; Energisa, perp; General Shopping Brasil, perp; Grupo de Inversiones Suramericana, 2021; IFH Peru, 2018; IMPSA, 2020; Inkia Energy, 2021; Inversiones Alsacia, 2018; Itau Unibanco, 2021-2; Javer, 2021; JBS, 2021; Kansas City Southern de Mexico, 2021; Navios Logistics, 2019; Odebrecht, 2023; Pacific Rubiales, 2021; Sigma Alimentos, 2018; Tarjeta Naranja, 2017; Telemar Norte Leste, 2016, BRL; Votorantim Cimentos, 2041
4 HSBC 7,030 9.25%2230America Movil, 2026, GBP; Banco Bradesco, 2021; Banco Daycoval, 2016; Banco de Bogota, 2017; Banco do Brasil, 2017; Banco Santander Brasil, 2016; Banco Votorantim, 2016; Braskem, 2041; Celpa, 2016; CEMEX, 2018; Codelco, 2021; Empresa Nacional de Autopistas, 2018 (Class B); Empresa Nacional de Autopistas, 2025 (Class A); ENAP, 2021; HSBC Brasil, 2016; Hypermarcas, 2021; NWS Holdings, 2014, CNY; Odebrecht, 2023; Odebrecht, perp-2; OGX, 2018; Pemex, 2021 (Exch); Pemex, 2021, MXN; Petrobras, 2016; Petrobras, 2022, EUR; Petrobras, 2041; Petrobras, 2026, GBP; Petrobras, 2018, EUR; Petrobras, 2021; Queiroz Galvao, 2018; Telemar Norte Leste, 2016, BRL
5 Deutsche Bank 6,731 8.86%2630AES Gener, 2021; America Movil, 2019, EUR; America Movil, 2026, GBP; Banco Cruzeiro do Sul, 2014; Banco do Brasil, 2016, EUR; Banco Galicia, 2018; Banco Santander Brasil, 2016; Banco Votorantim, 2016, BRL (inflation-linked); BBVA Bancomer, 2021; BBVA Bancomer, 2016; BR Malls, perp 2; Braskem, 2021; Capex, 2018; Cencosud, 2021; Comision Federal de Electricidad, 2021; Edenor, 2022; Emgesa, 2021, COP; Empresa de Energia de Bogota, 2021; Fibria, 2021; Grupo ICE, 2021; Itau Unibanco, 2021; Marfrig, 2018; NII Holdings, 2021; Pemex, 2041; Petrobras, 2022, EUR; Petrobras, 2026, GBP; Petrobras, 2018, EUR; Tarjeta Naranja, 2017; Telemar Norte Leste, 2016, BRL; Transener, 2021
6 Santander 6,374 8.39%1623Banco Santander Brasil, 2016; Banco Santander Brasil, 2014 (FRN); Banco Santander Chile, 2016 (FRN); Braskem, 2021; CEMEX, 2018; Cencosud, 2021; Eletrobras, 2021; Empresa de Energia de Bogota, 2021; Empresas ICA, 2021; Energisa, perp; Fibria, 2021; GEO, 2021; Grupo Virgolino de Oliveira, 2018; Pemex, 2021 (Exch); Pemex, 2021, MXN; Petrobras, 2016; Petrobras, 2022, EUR; Petrobras, 2041; Petrobras, 2026, GBP; Petrobras, 2018, EUR; Petrobras, 2021; Queiroz Galvao, 2018; TAM, 2021
7 Credit Suisse 5,065 6.67%1213America Movil, 2017, CHF; America Movil, 2019, EUR; Banco Santander Brasil, 2014, CHF; BNDES, 2016, CHF; BR Properties, perp; Eletrobras, 2021; Grupo Virgolino de Oliveira, 2018; Inkia Energy, 2021; Javer, 2021; National Road Operating and Construction Company, 2024; NII Holdings, 2021; OGX, 2018; PDVSA, 2022
8 Itau Unibanco 3,453 4.55%1619Arcos Dorados, 2016, BRL; Banco Votorantim, 2016, BRL (inflation-linked); BR Properties, perp; Celpa, 2016; Coelba, 2016, BRL; Cresud, 2014; Empresas CMPC, 2018; Grupo Virgolino de Oliveira, 2018; Hypermarcas, 2021; Itau Unibanco, 2021; Itau Unibanco, 2021-2; Marfrig, 2018; OGX, 2018; Petrobras, 2016; Petrobras, 2041; Petrobras, 2021; Raghsa, 2017; Telemar Norte Leste, 2016, BRL; Votorantim Cimentos, 2041
9 Goldman Sachs 2,292 3.02%68Banco Bradesco, 2014, FRN; Banco Bradesco, 2016; Banco Daycoval, 2016; BBVA Bancomer, 2021; BBVA Bancomer, 2016; Comision Federal de Electricidad, 2021; NII Holdings, 2021; Pemex, 2041
10 Banco Bradesco 2,207 2.91%914Banco BMG, 2014; Banco BMG, 2018; Banco Bradesco, 2014, FRN; Banco Bradesco, 2016; Banco Bradesco, 2021; Banco do Brasil, 2017; Banco Votorantim, 2016; BTG Pactual, 2016; Celpa, 2016; Hypermarcas, 2021; Marfrig, 2018; Petrobras, 2022, EUR; Petrobras, 2026, GBP; Petrobras, 2018, EUR
11 BB Securities 2,142 2.82%712Banco do Brasil, 2022; Banco do Brasil, 2016, EUR; Banco do Brasil, 2017; Banco Votorantim, 2016; Banco Votorantim, 2016, BRL (inflation-linked); Coelba, 2016, BRL; JBS, 2021; Marfrig, 2018; Petrobras, 2022, EUR; Petrobras, 2026, GBP; Petrobras, 2018, EUR; TAM, 2021
12 Morgan Stanley 2,123 2.79%1315America Movil, 2016, JPY; America Movil, 2014, JPY; Banco BMG, 2018; Banco de Credito del Peru, 2026; Banco Santander Brasil, 2016; Braskem, 2041; Cosan, perp-2; Empresas ICA, 2021; Energisa, perp; Itau Unibanco, 2021; JBS, 2021; NII Holdings, 2021; Pemex, 2021 (Exch); Pemex, 2021, MXN; Telemar Norte Leste, 2016, BRL
13 BNP Paribas 1,787 2.35%67Banco do Brasil, 2022; Banco do Brasil, 2016, EUR; Banco Votorantim, 2016; BNDES, 2016, CHF; CEMEX, 2018; Coelba, 2016, BRL; Pemex, 2041
14 BTG Pactual 1,608 2.12%79Banco BMG, 2018; BR Malls, perp 2; BTG Pactual, 2016; General Shopping Brasil, perp; Grupo Virgolino de Oliveira, 2018; Petrobras, 2016; Petrobras, 2041; Petrobras, 2021; TAM, 2021
15 RBS 1,179 1.55%45Banco Santander Brasil, 2014, CHF; Banco Votorantim, 2016; CEMEX, 2015 (FRN); CEMEX, 2018; Pemex, 2041
16 UBS 1,028 1.35%69Banco BVA, 2014; Banco Cruzeiro do Sul, 2014; Banco Cruzeiro do Sul, 2016-2; Banco Galicia, 2018; Banco Safra, 2016, BRL; Banco Safra, 2014; Banco Safra, 2021; Grupo Elektra, 2018; IMPSA, 2020
17 Barclays Capital 930 1.22%67Banco BMG, 2014; Banco BMG, 2018; Banco Cruzeiro do Sul, 2016-2; Banco Safra, 2014; Banco Santander Brasil, 2016; Empresas Publicas de Medellin, 2021, COP; JBS, 2021
18 Banco Votorantim 913 1.20%24Banco do Brasil, 2022; Banco do Brasil, 2016, EUR; Banco Votorantim, 2016; Banco Votorantim, 2016, BRL (inflation-linked)
19 BBVA 842 1.11%34BBVA Bancomer, 2021; BBVA Bancomer, 2016; BBVA Paraguay, 2016; ENAP, 2021
20 Mitsubishi UFJ Financial Group 752 0.99%34America Movil, 2016, JPY; America Movil, 2014, JPY; Codelco, 2021; ENAP, 2021
21 Jefferies & Co 646 0.85%44Grupo Elektra, 2018; Satmex, 2017; Sifco, 2016; TV Azteca, 2018
22 BCP Securities 599 0.79%56Banco BMG, 2014; Banco BMG, 2018; Banco BVA, 2014; Banco Cruzeiro do Sul, 2016-2; Grupo Elektra, 2018; TV Azteca, 2018
23 Credit Agricole CIB 597 0.79%13Petrobras, 2022, EUR; Petrobras, 2026, GBP; Petrobras, 2018, EUR
24 Banco Safra 524 0.69%24Banco Fibra, 2014; Banco Safra, 2015, BRL; Banco Safra, 2014; Banco Safra, 2021
25 IMTrust 213 0.28%22Grupo ACP, 2021; Interproperties Finance Trust, 2023
26 Global Bank 198 0.26%12Empresa Nacional de Autopistas, 2018 (Class B); Empresa Nacional de Autopistas, 2025 (Class A)
27 Standard Chartered Bank 100 0.13%11Banco Daycoval, 2016
28 Standard Bank 86 0.11%22Celpa, 2016; Edenor, 2022
29 Mizuho Corporate Bank 52 0.07%12America Movil, 2016, JPY; America Movil, 2014, JPY
30 Eurovest 38 0.05%11Sifco, 2016
31 LXG Capital 28 0.04%11Grupo ACP, 2021
Total sum 75,972  

Eurobond bookrunner league table
Region: Asia
Currency: All
Unit: mln. USD

#Investment bankVolume, mln. USDShare, %Number of issuersIssues placedIssues
1 HSBC 10,340 12.11%5977Ballarpur Industries, perp (Step-up); Bank of Baroda, 2016; Bank of India, 2021; Bank of India, 2015; Baosteel, 2013, CNY; Baosteel, 2016, CNY; Baosteel, 2014, CNY; Beijing Enterprises, 2041; Beijing Enterprises, 2021; Canara Bank, 2016; China Eastern Airlines, 2014, CNY; China Resources Land, 2016; China SCE Property, 2016; China Wind Power, 2014, CNY; CITIC Pacific, 2021; CITIC Pacific, perp (Step up); CLP Power, 2021; CNPC, 2016; CNPC, 2014, CNY; CNPC, 2041; CNPC, 2013, CNY; CNPC, 2021; Development Bank of Philippines, 2021; Doosan, 2016; Far East Horizon, 2016, CNY; Far East Horizon, 2014, CNY; Franshion Properties, 2021; Global Bio-chem, 2014, CNY; Hana Bank, 2017; Hana Bank, 2016; Henderson Land, 2018, SGD; Henderson Land, 2016, SGD; HKCG, 2016, CNY; Hongkong Electric, 2020; Housing and Development Board, 2021, SGD; Hyundai Capital, 2017; Hyundai Steel, 2016; ICBC, 2014, AUD (FRN); ICBC, 2021; ICBC Asia, 2021, CNY; ICICI Bank, 2016-2; ICTSI, perp (step-up); IDBI Bank, 2014, CNY; Indian Overseas Bank, 2016; Indonesia, 2018-2; KDB, 2016-2; Kerry Properties, 2021; KEXIM, 2021-2; KEXIM, 2016; KOGAS, 2016, CAD; Korea National Oil Corporation, 2016; KWG Property Holdings, 2016; Longfor Properties, 2016; Malaysia, 2016; Malaysia, 2021; Maybank, 2021, SGD; MCC Group, 2016; Neptune Orient Lines, 2021, SGD; Pacific Andes, 2014, CNY; PCD Stores, 2014, CNY; PERTAMINA, 2041; PERTAMINA, 2021; Philippines, 2036, PHP; Philippines, 2026; Ping An, 2014, CNY; Powerlong Real Estate, 2014, CNY; Shinhan Bank, 2016; SingTel, 2021; Sino-Ocean Land, perp (step-up); SMC Global Power, 2016; Sri Lanka, 2021; Syndicate Bank, 2016; Tencent, 2016; United Overseas Bank, 2021, SGD; United Overseas Bank, 2014, AUD (FRN); Woori Bank, 2021; Yanlord Land, 2018
2 Citigroup 8,855 10.37%4055Advanced Semiconductor Engineering, 2016, CNY; Advanced Semiconductor Engineering, 2014, CNY; ArcelorMittal, 2041; ArcelorMittal, 2021; ArcelorMittal, 2016; Bank of Baroda, 2016; Bank of China (Hong Kong), 2016; Bank of East Asia, 2022; Canara Bank, 2016; China Resources Power Holdings, perp; CNOOC, 2041; CNOOC, 2021; CNPC, 2016; CNPC, 2041; CNPC, 2021; ENN Energy Holdings, 2021; Evergrande, 2014, CNY; Evergrande, 2016, CNY; Fufeng Group, 2016; Global Logistic Properties, 2016, CNY; Global Logistic Properties, 2018, CNY; Global Logistic Properties, perp, SGD; Guangzhou R&F Properties, 2014, CNY; Guangzhou R&F Properties, 2016; Hana Bank, 2017; Hana Bank, 2016; Hyundai Steel, 2016; ICICI Bank, 2016-2; ICTSI, perp (step-up); Indian Oil Corporation, 2021; Indian Overseas Bank, 2016; Indika Energy, 2018; Indonesia, 2018-2; Industrial Bank of Korea, 2016; Kaisa Group Holdings, 2014, CNY; Kia Motors, 2016; KOSEP, 2017; KWG Property Holdings, 2016; LDK Solar, 2014, CNY; Lippo Karawaci, 2015; Longfor Properties, 2016; Lotte Shopping, 2016; Malaysia, 2016; Malaysia, 2021; Melco Crown Entertainment, 2013, CNY; NACF, 2017; NTPC, 2021; PERTAMINA, 2041; PERTAMINA, 2021; Perusahaan Listrik Negara, 2021; Philippines, 2036, PHP; Philippines, 2026; Syndicate Bank, 2016; Vedanta, 2016; Vedanta, 2021
3 Deutsche Bank 7,450 8.73%4152Bank of China (Hong Kong), 2016; Bank of East Asia, 2022; Bank of India, 2021; Bank of India, 2015; Baosteel, 2013, CNY; Baosteel, 2016, CNY; Baosteel, 2014, CNY; Canara Bank, 2016; China Eastern Airlines, 2014, CNY; China Merchants Bank, 2014, CNY; China Merchants Bank, 2016, CNY; China SCE Property, 2016; China Shanshui Cement, 2014, CNY; China Shanshui Cement, 2016; CLP Power, 2021; CNPC, 2016; CNPC, 2041; CNPC, 2021; Country Garden, 2018; Energy Development Corp, 2021; Evergrande, 2014, CNY; Evergrande, 2016, CNY; Export-Import Bank of India, 2016, CHF; Franshion Properties, 2021; Fufeng Group, 2016; Hainan Airlines, 2014, CNY; Housing and Development Board, 2014, SGD; ICICI Bank, 2016-2; Indonesia, 2021; Kerry Properties, 2021; Korea Finance Corporation, 2014, JPY; Korea Finance Corporation, 2013, JPY; Korea Finance Corporation, 2016, JPY; Lippo Karawaci, 2015; Melco Crown Entertainment, 2013, CNY; MIE Holdings, 2016; NACF, 2017; NTPC, 2021; Philippines, 2036, PHP; Philippines, 2026; POSCO, 2021; Shui On Land, 2015, CNY; Siam Commercial Bank, 2016; Sinochem, 2014, CNY; State Bank of India, 2016, CHF; STATS ChipPAC, 2016; Syndicate Bank, 2016; Tata Power, 2071; Tencent, 2016; Texhong, 2016; West China Cement, 2016; Winsway Coking Coal, 2016
4 Standard Chartered Bank 6,355 7.44%4251Bank of Baroda, 2016; Bank of India, 2021; Bank of India, 2015; Baosteel, 2013, CNY; Baosteel, 2016, CNY; Baosteel, 2014, CNY; Beijing Enterprises Water Group, 2016, CNY; Beijing Enterprises Water Group, 2014, CNY; China Merchants Bank, 2014, CNY; China Merchants Bank, 2014; China Merchants Bank, 2016, CNY; China Power New Energy Development, 2014, CNY; China Shanshui Cement, 2016; CLP Power, 2021; CNPC, 2016; CNPC, 2041; CNPC, 2021; Doosan, 2016; Far East Horizon, 2014, CNY; Fosun, 2016; Hana Bank, 2016; Henderson Land, 2018, SGD; Hong Leong Bank, 2016; Hongkong Electric, 2020; Housing and Development Board, 2021, SGD; Hyundai Capital, 2016; ICBC, 2021; Indian Overseas Bank, 2016; Indika Energy, 2018; Indonesia, 2018-2; KDB, 2016-2; KEXIM, 2016; KWG Property Holdings, 2016; Longfor Properties, 2016; Lonking, 2016; Maybank, 2021, SGD; NACF, 2017; Neptune Orient Lines, 2021, SGD; Overseas Union Enterprise, 2014, SGD; Pacific Andes, 2014, CNY; Rural Electrification Corp, 2016; Shimao Property Holdings, 2018; Shui On Land, 2015, CNY; SMC Global Power, 2016; Standard Chartered Bank (Hong Kong), 2021, SGD; Sun Hung Kai Properties, 2016; Syndicate Bank, 2016; United Overseas Bank, 2021, SGD; Vedanta, 2016; Vedanta, 2021; ZhongCe Rubber, 2014, CNY
5 JP Morgan 5,696 6.67%2338ArcelorMittal, 2041; ArcelorMittal, 2021; ArcelorMittal, 2016; Bank of Baroda, 2016; Cheung Kong Infrastructure Holdings, perp-2, SGD; China Liansu, 2016; CNOOC, 2041; CNOOC, 2021; Country Garden, 2018; Development Bank of Philippines, 2021; Energy Development Corp, 2021; Global Logistic Properties, 2016, CNY; Global Logistic Properties, 2018, CNY; Global Logistic Properties, perp, SGD; Hainan Airlines, 2014, CNY; Hana Bank, 2013, JPY; Hana Bank, 2014, JPY; Hyundai Capital, 2017; Hyundai Capital, 2016; Hyundai Steel, 2016; Indian Overseas Bank, 2016; Indonesia, 2021; KEXIM, 2013, IDR; KEXIM, 2021-2; KEXIM, 2014-1, CNY; KEXIM, 2016, IDR; KEXIM, 2014, IDR; KEXIM, 2015, CNY; KEXIM, 2016, HKD; KEXIM, 2016, TWD; Kookmin Bank, 2017; Philippines, 2036, PHP; Philippines, 2026; Road King Infrastructure, 2014, CNY; Shinhan Bank, 2016; Syndicate Bank, 2016; Woori Bank, 2021; Yanlord Land, 2018
6 UBS 5,564 6.52%2837Bank of East Asia, 2022; Beijing Enterprises, 2041; Beijing Enterprises, 2021; BYD, 2014, CNY; China Automation Group, 2016; China Resources Power Holdings, perp; China Shanshui Cement, 2014, CNY; China South City, 2016; CITIC Pacific, 2021; CITIC Pacific, perp (Step up); Export-Import Bank of India, 2016, CHF; Fosun, 2016; Hana Bank, 2013, JPY; Hana Bank, 2014, JPY; Hopson Development, 2016; Hyundai Capital, 2013, CHF; Hyundai Capital, 2016, CHF; ICBC, 2021; Indika Energy, 2018; Indonesia, 2021; KDB, 2016-2; KEXIM, 2015, CHF; KEXIM, 2016; KOGAS, 2016, CHF; KOGAS, 2016, JPY; KOGAS, 2019, CHF; Kookmin Bank, 2017; Korea National Oil Corporation, 2016, CHF; Longyuan Power, 2014, CNY; Longyuan Power, 2013, CNY; Megaworld Corp, 2018; Philippines, 2036, PHP; Philippines, 2026; Shui On Land, 2015, CNY; State Bank of India, 2016, CHF; Tata Power, 2071; Woori Bank, 2021
7 Barclays Capital 5,479 6.42%2640Bank of Baroda, 2016; Bank of India, 2021; Bank of India, 2015; China Shanshui Cement, 2016; CNOOC, 2041; CNOOC, 2021; ENN Energy Holdings, 2021; Hana Bank, 2017; Hana Bank, 2016; Hong Leong Bank, 2016; ICBC, 2021; KDB, 2014-2, JPY; KDB, 2013, JPY; KDB, 2012-2, JPY; KDB, 2016, JPY; KEXIM, 2012, SGD; KOGAS, 2016, CHF; KOGAS, 2019, CHF; Korea Finance Corporation, 2014, JPY; Korea Finance Corporation, 2013, JPY; Korea Finance Corporation, 2016, JPY; Korea Hydro & Nuclear Power, 2021; Korea National Oil Corporation, 2016-2, HKD; Korea National Oil Corporation, 2016; MCC Group, 2016; NTPC, 2021; Perusahaan Listrik Negara, 2021; POSCO, 2021; PTTEP, 2021; Siam Commercial Bank, 2016; SingTel, 2018 (FRN); Sri Lanka, 2021; Syndicate Bank, 2016; Union Bank of India, 2015, CHF; Vedanta, 2016; Vedanta, 2021; Woori Bank, 2012, JPY; Woori Bank, 2013, JPY; Woori Bank, 2021; Woori Bank, 2012-2, JPY
8 Bank of America Merrill Lynch 5,134 6.01%2737ArcelorMittal, 2041; ArcelorMittal, 2021; ArcelorMittal, 2016; Beijing Enterprises, 2041; Beijing Enterprises, 2021; Beijing Enterprises Water Group, 2016, CNY; Beijing Enterprises Water Group, 2014, CNY; Canara Bank, 2016; CNOOC, 2041; CNOOC, 2021; CNPC, 2016; CNPC, 2041; CNPC, 2021; Evergrande, 2014, CNY; Evergrande, 2016, CNY; Hana Bank, 2017; Hyundai Capital, 2017; Hyundai Steel, 2016; Indian Railway Finance Corp, 2016; KDB, 2016-2; KDB, 2017; KEXIM, 2021-2; KEXIM, 2016; Kia Motors, 2016; KOGAS, 2016, CAD; Korea Finance Corporation, 2021; Korea National Oil Corporation, 2016; Lippo Karawaci, 2015; Melco Crown Entertainment, 2013, CNY; MIE Holdings, 2016; NACF, 2017; Shinhan Bank, 2016; Sri Lanka, 2021; Syndicate Bank, 2016; Wharf Holdings, 2026, JPY; Winsway Coking Coal, 2016; Woori Bank, 2021
9 RBS 4,797 5.62%3643Ballarpur Industries, perp (Step-up); Bank of India, 2021; Bank of India, 2015; Canara Bank, 2016; China Liansu, 2016; China Power New Energy Development, 2014, CNY; CLP Power, 2021; ENN Energy Holdings, 2021; Franshion Properties, 2021; Hong Leong Bank, 2016; Hongkong Electric, 2020; Hyundai Capital, 2016; ICICI Bank, 2016-2; Indian Oil Corporation, 2021; Indian Overseas Bank, 2016; Industrial Bank of Korea, 2016; KDB, 2016-2; KEXIM, 2015, CHF; KEXIM, 2016; Khazanah Nasional, 2014, CNY; KOGAS, 2016, CHF; KOGAS, 2019, CHF; Kookmin Bank, 2017; Korea Finance Corporation, 2021; Korea Finance Corporation, 2015, CHF; Korea Hydro & Nuclear Power, 2021; Korea National Oil Corporation, 2016; Melco Crown Entertainment, 2013, CNY; NTPC, 2021; OCBC, 2014, AUD (FRN); Powerlong Real Estate, 2014, CNY; Rural Electrification Corp, 2016; Shinhan Bank, 2016; Singamas, 2014, CNY; Sri Lanka, 2021; Syndicate Bank, 2016; TPV Technology, 2014, CNY; Vedanta, 2016; Vedanta, 2021; Woori Bank, 2012, JPY; Woori Bank, 2013, JPY; Woori Bank, 2012-2, JPY; Yanlord Land, 2018
10 Goldman Sachs 3,363 3.94%2227Beijing Enterprises Water Group, 2016, CNY; Beijing Enterprises Water Group, 2014, CNY; China Resources Power Holdings, perp; CNOOC, 2041; CNOOC, 2021; Cofco, 2014, CNY; Country Garden, 2018; Development Bank of Philippines, 2021; Fosun, 2016; Global Logistic Properties, 2016, CNY; Global Logistic Properties, 2018, CNY; Global Logistic Properties, perp, SGD; Guangzhou R&F Properties, 2014, CNY; Guangzhou R&F Properties, 2016; Indika Energy, 2018; KDB, 2017; KEXIM, 2021-2; KOGAS, 2016, JPY; Korea Hydro & Nuclear Power, 2021; KOSEP, 2017; MCC Group, 2016; Philippines, 2026; POSCO, 2021; Sino-Ocean Land, perp (step-up); Tata Power, 2071; Tencent, 2016; Winsway Coking Coal, 2016
11 BOC International 3,255 3.81%1724Bank of China (Hong Kong), 2016; China Merchants Bank, 2014, CNY; China Merchants Bank, 2016, CNY; China Resources Land, 2016; China Shanshui Cement, 2014, CNY; China South City, 2016; CNOOC, 2041; CNOOC, 2021; CNPC, 2016; CNPC, 2014, CNY; CNPC, 2041; CNPC, 2013, CNY; CNPC, 2021; Cofco, 2014, CNY; ENN Energy Holdings, 2021; Evergrande, 2014, CNY; Evergrande, 2016, CNY; ICBC Asia, 2021, CNY; Kerry Properties, 2021; Khazanah Nasional, 2014, CNY; Sino-Ocean Land, perp (step-up); Sinotrans Shipping, 2014, CNY; Zhongsheng Group, 2014, CNY; Zijin Mining Group, 2016
12 Credit Suisse 2,995 3.51%1622Bakrie Telecom, 2015; Beijing Enterprises, 2041; Beijing Enterprises, 2021; China Shanshui Cement, 2014, CNY; China Shanshui Cement, 2016; Development Bank of Philippines, 2021; Guangzhou R&F Properties, 2014, CNY; Guangzhou R&F Properties, 2016; Hoang Anh Gia Lai, 2016; Hyundai Steel, 2016; KDB, 2017; KEXIM, 2021-2; Korea Finance Corporation, 2021; Korea Finance Corporation, 2015, CHF; Korea National Oil Corporation, 2016, CHF; Lonking, 2016; PERTAMINA, 2041; PERTAMINA, 2021; Philippines, 2036, PHP; Tencent, 2016; Vedanta, 2016; Vedanta, 2021
13 Morgan Stanley 2,377 2.78%2131Bakrie Telecom, 2015; Beijing Enterprises, 2041; Beijing Enterprises, 2021; Beijing Enterprises Water Group, 2016, CNY; Beijing Enterprises Water Group, 2014, CNY; China Development Bank, 2021, CNY; Guangzhou R&F Properties, 2014, CNY; Guangzhou R&F Properties, 2016; Hana Bank, 2013, JPY; Hana Bank, 2014, JPY; Henderson Land, 2018, SGD; Hyundai Capital, 2017; Hyundai Capital, 2016; Industrial Bank of Korea, 2016; KDB, 2014-2, JPY; KDB, 2013, JPY; KDB, 2012-2, JPY; KDB, 2016, JPY; KEXIM, 2016-2, JPY; Kia Motors, 2016; Korea Hydro & Nuclear Power, 2021; KOSEP, 2017; LDK Solar, 2014, CNY; Longfor Properties, 2016; MCC Group, 2016; Shimao Property Holdings, 2018; SingTel, 2021; SPG Land, 2016; Woori Bank, 2012, JPY; Woori Bank, 2013, JPY; Woori Bank, 2012-2, JPY
14 BNP Paribas 1,945 2.28%1418CheilJedang, 2014, CNY; Export-Import Bank of India, 2016, CHF; Hyundai Capital, 2017; Hyundai Capital, 2013, CHF; Hyundai Capital, 2016, CHF; Indian Oil Corporation, 2021; Industrial Bank of Korea, 2016; KEXIM, 2015, CHF; Kookmin Bank, 2017; Korea National Oil Corporation, 2016, HKD; Korea National Oil Corporation, 2016, SGD; Korea National Oil Corporation, 2021, HKD; Lotte Shopping, 2016; POSCO, 2021; Shinhan Bank, 2016; SingTel, 2021; State Bank of India, 2016, CHF; Woori Bank, 2021
15 DBS Bank 1,670 1.96%1317Baosteel, 2013, CNY; Baosteel, 2016, CNY; Baosteel, 2014, CNY; Beijing Enterprises Water Group, 2016, CNY; Beijing Enterprises Water Group, 2014, CNY; Cheung Kong Infrastructure Holdings, perp-2, SGD; China Resources Land, 2016; Global Logistic Properties, perp, SGD; Henderson Land, 2018, SGD; Henderson Land, 2016, SGD; Housing and Development Board, 2021, SGD; Maybank, 2021, SGD; Neptune Orient Lines, 2021, SGD; Pacific Andes, 2014, CNY; Road King Infrastructure, 2014, CNY; Singamas, 2014, CNY; Straits Trading Company, 2016, SGD
16 ICBC 1,186 1.39%1016Baosteel, 2013, CNY; Baosteel, 2016, CNY; Baosteel, 2014, CNY; China Merchants Bank, 2014, CNY; China Merchants Bank, 2016, CNY; CNPC, 2016; CNPC, 2041; CNPC, 2021; ICBC, 2021; ICBC Asia, 2021, CNY; Longyuan Power, 2014, CNY; Longyuan Power, 2013, CNY; TPV Technology, 2014, CNY; West China Cement, 2016; Winsway Coking Coal, 2016; ZhongCe Rubber, 2014, CNY
17 ANZ 906 1.06%66China Merchants Bank, 2014; Fiji Islands, 2016; Housing and Development Board, 2016, SGD; ICBC, 2014, AUD (FRN); SMC Global Power, 2016; United Overseas Bank, 2014, AUD (FRN)
18 KDB 704 0.82%45Doosan, 2016; KDB, 2016-2; KDB, 2017; Kia Motors, 2016; Korea National Oil Corporation, 2016
19 Mizuho Corporate Bank 672 0.79%410KDB, 2014-2, JPY; KDB, 2013, JPY; KDB, 2012-2, JPY; KDB, 2017; KDB, 2016, JPY; KOGAS, 2016, JPY; Korea Finance Corporation, 2014, JPY; Korea Finance Corporation, 2013, JPY; Korea Finance Corporation, 2016, JPY; Shinhan Bank, 2016
20 CIMB 649 0.76%34Housing and Development Board, 2016, SGD; Khazanah Nasional, 2014, CNY; Malaysia, 2016; Malaysia, 2021
21 Daiwa Securities Group Inc. 524 0.61%47Hana Bank, 2013, JPY; Hana Bank, 2014, JPY; KDB, 2017; KEXIM, 2021-2; Korea Finance Corporation, 2014, JPY; Korea Finance Corporation, 2013, JPY; Korea Finance Corporation, 2016, JPY
22 Maybank 500 0.59%12Malaysia, 2016; Malaysia, 2021
23 United Overseas Bank 475 0.56%34Henderson Land, 2016, SGD; Housing and Development Board, 2021, SGD; United Overseas Bank, 2021, SGD; United Overseas Bank, 2014, AUD (FRN)
24 Nomura International 469 0.55%46Franshion Properties, 2021; KOGAS, 2016, JPY; SPG Land, 2016; Woori Bank, 2012, JPY; Woori Bank, 2013, JPY; Woori Bank, 2012-2, JPY
25 CITIC Bank 419 0.49%22Cofco, 2014, CNY; Sinochem, 2014, CNY
26 OCBC 414 0.48%44Henderson Land, 2016, SGD; Housing and Development Board, 2021, SGD; Maybank, 2021, SGD; OCBC, 2014, AUD (FRN)
27 ING Wholesale Banking London 342 0.40%44Hyundai Capital, 2016; Kookmin Bank, 2017; Shinhan Bank, 2016; Singamas, 2014, CNY
28 Mitsubishi UFJ Financial Group 293 0.34%39Hana Bank, 2013, JPY; Hana Bank, 2014, JPY; KDB, 2014-2, JPY; KDB, 2013, JPY; KDB, 2012-2, JPY; KDB, 2016, JPY; Woori Bank, 2012, JPY; Woori Bank, 2013, JPY; Woori Bank, 2012-2, JPY
29 CICC 277 0.32%34China Eastern Airlines, 2014, CNY; Far East Horizon, 2014, CNY; Global Logistic Properties, 2016, CNY; Global Logistic Properties, 2018, CNY
30 Credit Agricole CIB 267 0.31%22NACF, 2017; Rural Electrification Corp, 2016
31 SMBC 244 0.29%14KDB, 2014-2, JPY; KDB, 2013, JPY; KDB, 2012-2, JPY; KDB, 2016, JPY
32 Agricultural Bank of China 233 0.27%22China Eastern Airlines, 2014, CNY; Sinotrans Shipping, 2014, CNY
33 China Merchants Bank 231 0.27%24Baosteel, 2013, CNY; Baosteel, 2016, CNY; Baosteel, 2014, CNY; Sinotrans Shipping, 2014, CNY
34 Daewoo Securities 188 0.22%11Korea Finance Corporation, 2021
35 Macquarie 168 0.20%34Beijing Enterprises Water Group, 2016, CNY; Beijing Enterprises Water Group, 2014, CNY; Powerlong Real Estate, 2014, CNY; United Overseas Bank, 2014, AUD (FRN)
36 Kim Eng 162 0.19%11Maybank, 2021, SGD
37-38 National Australia Bank 134 0.16%11OCBC, 2014, AUD (FRN)
37-38 Westpac 134 0.16%11OCBC, 2014, AUD (FRN)
39 ScotiaBank 105 0.12%11KOGAS, 2016, CAD
40 Samsung Securities 100 0.12%11Korea Hydro & Nuclear Power, 2021
41 Haitong International 96 0.11%11Zhongsheng Group, 2014, CNY
42 Hana Daetoo Securities 88 0.10%11Doosan, 2016
43 Woori Bank 71 0.08%11Woori Bank, 2021
44 China Development Bank 50 0.06%12Longyuan Power, 2014, CNY; Longyuan Power, 2013, CNY
Total sum 85,374  

Eurobond bookrunner league table
Market segment: Sovereign sector
Region: Asia
Currency: All
Unit: mln. USD

#Investment bankVolume, mln. USDShare, %Number of issuersIssues placedIssues
1 HSBC 1,542 16.23%46Indonesia, 2018-2; Malaysia, 2021; Malaysia, 2016; Philippines, 2036, PHP; Philippines, 2026; Sri Lanka, 2021
2-5 UBS 1,292 13.60%23Indonesia, 2021; Philippines, 2036, PHP; Philippines, 2026
2-5 Deutsche Bank 1,292 13.60%23Indonesia, 2021; Philippines, 2036, PHP; Philippines, 2026
2-5 Citigroup 1,292 13.60%35Indonesia, 2018-2; Malaysia, 2021; Malaysia, 2016; Philippines, 2036, PHP; Philippines, 2026
2-5 JP Morgan 1,292 13.60%23Indonesia, 2021; Philippines, 2036, PHP; Philippines, 2026
6-7 Maybank 500 5.26%12Malaysia, 2021; Malaysia, 2016
6-7 CIMB 500 5.26%12Malaysia, 2021; Malaysia, 2016
8 Standard Chartered Bank 333 3.51%11Indonesia, 2018-2
9-13 Bank of America Merrill Lynch 250 2.63%11Sri Lanka, 2021
9-13 RBS 250 2.63%11Sri Lanka, 2021
9-13 Barclays Capital 250 2.63%11Sri Lanka, 2021
9-13 Goldman Sachs 250 2.63%11Philippines, 2026
9-13 ANZ 250 2.63%11Fiji Islands, 2016
14 Credit Suisse 209 2.19%11Philippines, 2036, PHP
Total sum 9,501  

Eurobond bookrunner league table
Market segment: Corporate sector
Region: Asia
Currency: All
Unit: mln. USD

#Investment bankVolume, mln. USDShare, %Number of issuersIssues placedIssues
1 HSBC 8,798 11.60%5571Ballarpur Industries, perp (Step-up); Bank of Baroda, 2016; Bank of India, 2015; Bank of India, 2021; Baosteel, 2016, CNY; Baosteel, 2013, CNY; Baosteel, 2014, CNY; Beijing Enterprises, 2041; Beijing Enterprises, 2021; Canara Bank, 2016; China Eastern Airlines, 2014, CNY; China Resources Land, 2016; China SCE Property, 2016; China Wind Power, 2014, CNY; CITIC Pacific, 2021; CITIC Pacific, perp (Step up); CLP Power, 2021; CNPC, 2016; CNPC, 2014, CNY; CNPC, 2041; CNPC, 2013, CNY; CNPC, 2021; Development Bank of Philippines, 2021; Doosan, 2016; Far East Horizon, 2014, CNY; Far East Horizon, 2016, CNY; Franshion Properties, 2021; Global Bio-chem, 2014, CNY; Hana Bank, 2017; Hana Bank, 2016; Henderson Land, 2018, SGD; Henderson Land, 2016, SGD; HKCG, 2016, CNY; Hongkong Electric, 2020; Housing and Development Board, 2021, SGD; Hyundai Capital, 2017; Hyundai Steel, 2016; ICBC, 2021; ICBC, 2014, AUD (FRN); ICBC Asia, 2021, CNY; ICICI Bank, 2016-2; ICTSI, perp (step-up); IDBI Bank, 2014, CNY; Indian Overseas Bank, 2016; KDB, 2016-2; Kerry Properties, 2021; KEXIM, 2021-2; KEXIM, 2016; KOGAS, 2016, CAD; Korea National Oil Corporation, 2016; KWG Property Holdings, 2016; Longfor Properties, 2016; Maybank, 2021, SGD; MCC Group, 2016; Neptune Orient Lines, 2021, SGD; Pacific Andes, 2014, CNY; PCD Stores, 2014, CNY; PERTAMINA, 2041; PERTAMINA, 2021; Ping An, 2014, CNY; Powerlong Real Estate, 2014, CNY; Shinhan Bank, 2016; SingTel, 2021; Sino-Ocean Land, perp (step-up); SMC Global Power, 2016; Syndicate Bank, 2016; Tencent, 2016; United Overseas Bank, 2021, SGD; United Overseas Bank, 2014, AUD (FRN); Woori Bank, 2021; Yanlord Land, 2018
2 Citigroup 7,563 9.97%3750Advanced Semiconductor Engineering, 2016, CNY; Advanced Semiconductor Engineering, 2014, CNY; ArcelorMittal, 2016; ArcelorMittal, 2041; ArcelorMittal, 2021; Bank of Baroda, 2016; Bank of China (Hong Kong), 2016; Bank of East Asia, 2022; Canara Bank, 2016; China Resources Power Holdings, perp; CNOOC, 2021; CNOOC, 2041; CNPC, 2016; CNPC, 2041; CNPC, 2021; ENN Energy Holdings, 2021; Evergrande, 2014, CNY; Evergrande, 2016, CNY; Fufeng Group, 2016; Global Logistic Properties, 2016, CNY; Global Logistic Properties, 2018, CNY; Global Logistic Properties, perp, SGD; Guangzhou R&F Properties, 2014, CNY; Guangzhou R&F Properties, 2016; Hana Bank, 2017; Hana Bank, 2016; Hyundai Steel, 2016; ICICI Bank, 2016-2; ICTSI, perp (step-up); Indian Oil Corporation, 2021; Indian Overseas Bank, 2016; Indika Energy, 2018; Industrial Bank of Korea, 2016; Kaisa Group Holdings, 2014, CNY; Kia Motors, 2016; KOSEP, 2017; KWG Property Holdings, 2016; LDK Solar, 2014, CNY; Lippo Karawaci, 2015; Longfor Properties, 2016; Lotte Shopping, 2016; Melco Crown Entertainment, 2013, CNY; NACF, 2017; NTPC, 2021; PERTAMINA, 2041; PERTAMINA, 2021; Perusahaan Listrik Negara, 2021; Syndicate Bank, 2016; Vedanta, 2016; Vedanta, 2021
3 Deutsche Bank 6,158 8.12%3949Bank of China (Hong Kong), 2016; Bank of East Asia, 2022; Bank of India, 2015; Bank of India, 2021; Baosteel, 2016, CNY; Baosteel, 2013, CNY; Baosteel, 2014, CNY; Canara Bank, 2016; China Eastern Airlines, 2014, CNY; China Merchants Bank, 2016, CNY; China Merchants Bank, 2014, CNY; China SCE Property, 2016; China Shanshui Cement, 2014, CNY; China Shanshui Cement, 2016; CLP Power, 2021; CNPC, 2016; CNPC, 2041; CNPC, 2021; Country Garden, 2018; Energy Development Corp, 2021; Evergrande, 2014, CNY; Evergrande, 2016, CNY; Export-Import Bank of India, 2016, CHF; Franshion Properties, 2021; Fufeng Group, 2016; Hainan Airlines, 2014, CNY; Housing and Development Board, 2014, SGD; ICICI Bank, 2016-2; Kerry Properties, 2021; Korea Finance Corporation, 2014, JPY; Korea Finance Corporation, 2013, JPY; Korea Finance Corporation, 2016, JPY; Lippo Karawaci, 2015; Melco Crown Entertainment, 2013, CNY; MIE Holdings, 2016; NACF, 2017; NTPC, 2021; POSCO, 2021; Shui On Land, 2015, CNY; Siam Commercial Bank, 2016; Sinochem, 2014, CNY; State Bank of India, 2016, CHF; STATS ChipPAC, 2016; Syndicate Bank, 2016; Tata Power, 2071; Tencent, 2016; Texhong, 2016; West China Cement, 2016; Winsway Coking Coal, 2016
4 Standard Chartered Bank 6,022 7.94%4150Bank of Baroda, 2016; Bank of India, 2015; Bank of India, 2021; Baosteel, 2016, CNY; Baosteel, 2013, CNY; Baosteel, 2014, CNY; Beijing Enterprises Water Group, 2016, CNY; Beijing Enterprises Water Group, 2014, CNY; China Merchants Bank, 2016, CNY; China Merchants Bank, 2014, CNY; China Merchants Bank, 2014; China Power New Energy Development, 2014, CNY; China Shanshui Cement, 2016; CLP Power, 2021; CNPC, 2016; CNPC, 2041; CNPC, 2021; Doosan, 2016; Far East Horizon, 2014, CNY; Fosun, 2016; Hana Bank, 2016; Henderson Land, 2018, SGD; Hong Leong Bank, 2016; Hongkong Electric, 2020; Housing and Development Board, 2021, SGD; Hyundai Capital, 2016; ICBC, 2021; Indian Overseas Bank, 2016; Indika Energy, 2018; KDB, 2016-2; KEXIM, 2016; KWG Property Holdings, 2016; Longfor Properties, 2016; Lonking, 2016; Maybank, 2021, SGD; NACF, 2017; Neptune Orient Lines, 2021, SGD; Overseas Union Enterprise, 2014, SGD; Pacific Andes, 2014, CNY; Rural Electrification Corp, 2016; Shimao Property Holdings, 2018; Shui On Land, 2015, CNY; SMC Global Power, 2016; Standard Chartered Bank (Hong Kong), 2021, SGD; Sun Hung Kai Properties, 2016; Syndicate Bank, 2016; United Overseas Bank, 2021, SGD; Vedanta, 2016; Vedanta, 2021; ZhongCe Rubber, 2014, CNY
5 Barclays Capital 5,229 6.89%2539Bank of Baroda, 2016; Bank of India, 2015; Bank of India, 2021; China Shanshui Cement, 2016; CNOOC, 2021; CNOOC, 2041; ENN Energy Holdings, 2021; Hana Bank, 2017; Hana Bank, 2016; Hong Leong Bank, 2016; ICBC, 2021; KDB, 2016, JPY; KDB, 2014-2, JPY; KDB, 2013, JPY; KDB, 2012-2, JPY; KEXIM, 2012, SGD; KOGAS, 2019, CHF; KOGAS, 2016, CHF; Korea Finance Corporation, 2014, JPY; Korea Finance Corporation, 2013, JPY; Korea Finance Corporation, 2016, JPY; Korea Hydro & Nuclear Power, 2021; Korea National Oil Corporation, 2016; Korea National Oil Corporation, 2016-2, HKD; MCC Group, 2016; NTPC, 2021; Perusahaan Listrik Negara, 2021; POSCO, 2021; PTTEP, 2021; Siam Commercial Bank, 2016; SingTel, 2018 (FRN); Syndicate Bank, 2016; Union Bank of India, 2015, CHF; Vedanta, 2016; Vedanta, 2021; Woori Bank, 2012, JPY; Woori Bank, 2021; Woori Bank, 2013, JPY; Woori Bank, 2012-2, JPY
6 Bank of America Merrill Lynch 4,884 6.44%2636ArcelorMittal, 2016; ArcelorMittal, 2041; ArcelorMittal, 2021; Beijing Enterprises, 2041; Beijing Enterprises, 2021; Beijing Enterprises Water Group, 2016, CNY; Beijing Enterprises Water Group, 2014, CNY; Canara Bank, 2016; CNOOC, 2021; CNOOC, 2041; CNPC, 2016; CNPC, 2041; CNPC, 2021; Evergrande, 2014, CNY; Evergrande, 2016, CNY; Hana Bank, 2017; Hyundai Capital, 2017; Hyundai Steel, 2016; Indian Railway Finance Corp, 2016; KDB, 2017; KDB, 2016-2; KEXIM, 2021-2; KEXIM, 2016; Kia Motors, 2016; KOGAS, 2016, CAD; Korea Finance Corporation, 2021; Korea National Oil Corporation, 2016; Lippo Karawaci, 2015; Melco Crown Entertainment, 2013, CNY; MIE Holdings, 2016; NACF, 2017; Shinhan Bank, 2016; Syndicate Bank, 2016; Wharf Holdings, 2026, JPY; Winsway Coking Coal, 2016; Woori Bank, 2021
7 RBS 4,547 5.99%3542Ballarpur Industries, perp (Step-up); Bank of India, 2015; Bank of India, 2021; Canara Bank, 2016; China Liansu, 2016; China Power New Energy Development, 2014, CNY; CLP Power, 2021; ENN Energy Holdings, 2021; Franshion Properties, 2021; Hong Leong Bank, 2016; Hongkong Electric, 2020; Hyundai Capital, 2016; ICICI Bank, 2016-2; Indian Oil Corporation, 2021; Indian Overseas Bank, 2016; Industrial Bank of Korea, 2016; KDB, 2016-2; KEXIM, 2015, CHF; KEXIM, 2016; Khazanah Nasional, 2014, CNY; KOGAS, 2019, CHF; KOGAS, 2016, CHF; Kookmin Bank, 2017; Korea Finance Corporation, 2021; Korea Finance Corporation, 2015, CHF; Korea Hydro & Nuclear Power, 2021; Korea National Oil Corporation, 2016; Melco Crown Entertainment, 2013, CNY; NTPC, 2021; OCBC, 2014, AUD (FRN); Powerlong Real Estate, 2014, CNY; Rural Electrification Corp, 2016; Shinhan Bank, 2016; Singamas, 2014, CNY; Syndicate Bank, 2016; TPV Technology, 2014, CNY; Vedanta, 2016; Vedanta, 2021; Woori Bank, 2012, JPY; Woori Bank, 2013, JPY; Woori Bank, 2012-2, JPY; Yanlord Land, 2018
8 JP Morgan 4,404 5.80%2135ArcelorMittal, 2016; ArcelorMittal, 2041; ArcelorMittal, 2021; Bank of Baroda, 2016; Cheung Kong Infrastructure Holdings, perp-2, SGD; China Liansu, 2016; CNOOC, 2021; CNOOC, 2041; Country Garden, 2018; Development Bank of Philippines, 2021; Energy Development Corp, 2021; Global Logistic Properties, 2016, CNY; Global Logistic Properties, 2018, CNY; Global Logistic Properties, perp, SGD; Hainan Airlines, 2014, CNY; Hana Bank, 2013, JPY; Hana Bank, 2014, JPY; Hyundai Capital, 2017; Hyundai Capital, 2016; Hyundai Steel, 2016; Indian Overseas Bank, 2016; KEXIM, 2021-2; KEXIM, 2014, IDR; KEXIM, 2015, CNY; KEXIM, 2016, HKD; KEXIM, 2014-1, CNY; KEXIM, 2016, IDR; KEXIM, 2013, IDR; KEXIM, 2016, TWD; Kookmin Bank, 2017; Road King Infrastructure, 2014, CNY; Shinhan Bank, 2016; Syndicate Bank, 2016; Woori Bank, 2021; Yanlord Land, 2018
9 UBS 4,272 5.63%2634Bank of East Asia, 2022; Beijing Enterprises, 2041; Beijing Enterprises, 2021; BYD, 2014, CNY; China Automation Group, 2016; China Resources Power Holdings, perp; China Shanshui Cement, 2014, CNY; China South City, 2016; CITIC Pacific, 2021; CITIC Pacific, perp (Step up); Export-Import Bank of India, 2016, CHF; Fosun, 2016; Hana Bank, 2013, JPY; Hana Bank, 2014, JPY; Hopson Development, 2016; Hyundai Capital, 2016, CHF; Hyundai Capital, 2013, CHF; ICBC, 2021; Indika Energy, 2018; KDB, 2016-2; KEXIM, 2015, CHF; KEXIM, 2016; KOGAS, 2019, CHF; KOGAS, 2016, JPY; KOGAS, 2016, CHF; Kookmin Bank, 2017; Korea National Oil Corporation, 2016, CHF; Longyuan Power, 2013, CNY; Longyuan Power, 2014, CNY; Megaworld Corp, 2018; Shui On Land, 2015, CNY; State Bank of India, 2016, CHF; Tata Power, 2071; Woori Bank, 2021
10 BOC International 3,255 4.29%1724Bank of China (Hong Kong), 2016; China Merchants Bank, 2016, CNY; China Merchants Bank, 2014, CNY; China Resources Land, 2016; China Shanshui Cement, 2014, CNY; China South City, 2016; CNOOC, 2021; CNOOC, 2041; CNPC, 2016; CNPC, 2014, CNY; CNPC, 2041; CNPC, 2013, CNY; CNPC, 2021; Cofco, 2014, CNY; ENN Energy Holdings, 2021; Evergrande, 2014, CNY; Evergrande, 2016, CNY; ICBC Asia, 2021, CNY; Kerry Properties, 2021; Khazanah Nasional, 2014, CNY; Sino-Ocean Land, perp (step-up); Sinotrans Shipping, 2014, CNY; Zhongsheng Group, 2014, CNY; Zijin Mining Group, 2016
11 Goldman Sachs 3,113 4.10%2126Beijing Enterprises Water Group, 2016, CNY; Beijing Enterprises Water Group, 2014, CNY; China Resources Power Holdings, perp; CNOOC, 2021; CNOOC, 2041; Cofco, 2014, CNY; Country Garden, 2018; Development Bank of Philippines, 2021; Fosun, 2016; Global Logistic Properties, 2016, CNY; Global Logistic Properties, 2018, CNY; Global Logistic Properties, perp, SGD; Guangzhou R&F Properties, 2014, CNY; Guangzhou R&F Properties, 2016; Indika Energy, 2018; KDB, 2017; KEXIM, 2021-2; KOGAS, 2016, JPY; Korea Hydro & Nuclear Power, 2021; KOSEP, 2017; MCC Group, 2016; POSCO, 2021; Sino-Ocean Land, perp (step-up); Tata Power, 2071; Tencent, 2016; Winsway Coking Coal, 2016
12 Credit Suisse 2,786 3.67%1521Bakrie Telecom, 2015; Beijing Enterprises, 2041; Beijing Enterprises, 2021; China Shanshui Cement, 2014, CNY; China Shanshui Cement, 2016; Development Bank of Philippines, 2021; Guangzhou R&F Properties, 2014, CNY; Guangzhou R&F Properties, 2016; Hoang Anh Gia Lai, 2016; Hyundai Steel, 2016; KDB, 2017; KEXIM, 2021-2; Korea Finance Corporation, 2021; Korea Finance Corporation, 2015, CHF;