January 16, 2018 | Cbonds
Cbonds News Agency has published 2017 league tables for underwriters of Russian bonds.
The number of participants in the league tables by the end of 2017 has decreased compared to the ranking for 2016: from 51 to 45 underwriters. The total volume of deals exceeds the last year's result by 514 billion rubles and amounts to 1,974 trillion rubles.
Gazprombank headed 2017 league tables for underwriters of Russian bonds. Investbank participated in 76 issues from 46 issuers for a total of 364 billion rubles.
VTB Capital, which participated in 78 issues from 55 issuers (the total volume of deals amounted to 339 billion rubles), took the second place.
The third position went to Sberbank CIB for its participation in 70 issues from 49 issuers for 267 billion rubles. The top five included Sovcombank (participation in 76 placement of 55 issuers for a total of 184 billion rubles) and Otkritie FC Bank (24 issues from 12 issuers for 146 billion rubles).
As a result, the market share of the top-5 underwriters of Russian bond issues amounted to 65.85%.
The league tables of bonds underwriters according to Cbonds, financial organizations are included, which, during the placement of bonds, gave a guarantee for the placement of a certain issue size and have the status of an arranger, co-arranger, underwriter or co-underwriter. The actually placed volume of bonds is taken into account in the league tables.
You can find the full league table at the following link.
Company: Cbonds Group
|Full company name||Cbonds Ltd|
|Country of risk||Russia|
|Industry||Information and High Technologies|