E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 4/4/2005 in the Prospect News Emerging Markets Daily.

Analysis of emerging markets issuance for March

Total issuance: $8.425 billion in 13 deals

Columns are amounts in billions of dollars, count of deals and percentage by dollar value.

Yield

1%-1.99%0.12511.48%
4%-4.99%3.660343.45%
5%-5.99%1.591318.88%
6%-6.99%1.086212.89%
7%-7.99%1.461217.34%
8%-8.99%0.50225.96%
Total8.42513
Pricing versus talk
Lower0.10211.22%
Low end3.833445.49%
Middle0.40014.75%
NA4.090748.54%
Total8.42513
Upsized?
Yes2.997435.57%
No5.429964.43%
Total8.42513
Add on?
Yes1.930122.91%
No6.4951277.09%
Total8.42513
Zero coupon?
No8.42513100.00%
Total8.42513
Seniority
sovereign4.573354.28%
senior3.8521045.72%
Total8.42513
Moody's rating
A11.332115.81%
A21.930122.91%
A31.493317.73%
Baa10.49615.88%
Ba10.69318.23%
B10.50225.96%
B21.311115.56%
NR0.66737.92%
Total8.42513
Use of proceeds
General purposes1.690320.06%
Refinance4.033447.88%
Other/Multiple2.701632.06%
Total8.42513
Industry sector (by SIC code)
Agriculture (0xxx)0.49615.89%
Manufacturing (2xxx, 3xxx)0.55026.53%
Transportation (4xxx)0.81829.71%
Communications (48xx)0.39214.66%
Finance, insurance, real estate (6xxx)0.59827.10%
Sovereign (8888)5.570566.11%
Total8.42513
Home country of issuer
Argentina0.15011.78%
Czech Republic1.332115.81%
Hong Kong1.093212.98%
India0.12511.48%
Korea0.997211.83%
Malaysia0.49615.89%
Mexico0.39214.66%
Poland1.930122.91%
Russia0.10211.22%
Taiwan0.49615.88%
Venezuela1.311115.56%
Total8.42513
Currency
$3.727944.24%
Y0.12511.48%
4.573354.28%
Total8.42513
Criteria

* The tables include all underwritten offerings sold in the international bond markets reported to Prospect News.

* Offerings are included in the time period in which they price (or settle if pricing date not available).

* Amounts are based on the total sales price (face amount multiplied by the offering price). The full amount is credited to the bookrunner (or lead manager if no bookrunners). For multiple bookrunners (or lead managers), the total value is divided equally among all the firms.

* Each tranche is counted as a separate deal.

* Units made up of a bond and a warrant are included; other units are excluded.

* Best efforts and non-underwritten deals are excluded.

* Non-dollar deals are converted to dollars at the rate shown in Federal Reserve's H.10 release on day of pricing.

* Emerging markets are all countries except: United States, Canada, United Kingdom, Germany, France, Italy, Japan, Australia, New Zealand, Netherlands, Ireland, Sweden, Norway, Denmark, Spain, Portugal, Switzerland, Luxembourg, Belgium, Iceland and Greece.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.