AFRICACAPITALMARKETSLEAGUE TABLESQ1 2020
MANAGER RANKINGS
AFRICA CAPITAL MARKETS
The Bloomberg Capital Markets Tables represent the top arrangers, bookrunners and advisors across a broad array of deal types including loans,
bonds, equity and M&A transactions; according to Bloomberg standards.
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Professional Service.
DATA SUBMISSIONS AND QUERIES
Equities
Fixed Income
Loans
Contact EmailPhone
Q1 2020
© 2020 Bloomberg Finance L.P. All rights reserved.
Dimitri Quemard
Pietro Stimamiglio
Nadine Ali
+44 20 3525 4343
+44 20 3525 2785
+44 20 3525 8782
Bloomberg AfricaCapitalMarkets|Q12020
BloombergLeagueTableReports Page1
AfricaBonds
AfricaBonds
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
StandardBankofSouthAfrica 1 19.243 1,582 22 2 11.760 7.483
StandardCharteredBank 2 12.392 1,019 7 6 5.948 6.444
JPMorgan 3 11.350 933 4 1 13.656 -2.306
BofASecurities 4 7.297 600 3 7 4.946 2.351
MorganStanley 4 7.297 600 3 7 4.946 2.351
AbsaGroupLtd 6 5.019 413 9 10 3.216 1.803
GemcorpCapitalLLP 7 4.864 400 1 - - 4.864
Citi 8 4.560 375 2 3 10.805 -6.245
MizuhoFinancial 8 4.560 375 2 - - 4.560
RBCCapitalMarkets 8 4.560 375 2 - - 4.560
DeutscheBank 11 4.054 333 1 - - 4.054
NedbankLtd 12 3.702 304 9 12 2.804 0.898
FirstRandLtd 13 2.071 170 5 9 4.896 -2.825
FidelityBankLtd 14 1.783 147 4 20 0.509 1.274
Investec 15 1.507 124 5 17 1.335 0.172
DatabankFinancialServicesLtd
16 1.322 109 3 20 0.509 0.813
ICSecuritiesGhanaLtd 16 1.322 109 3 20 0.509 0.813
BostonAdvisoryLtd 18 0.335 28 1 - - 0.335
ChapelHillAdvisoryPartnersLtd
18 0.335 28 1 - - 0.335
FutureviewFinancialServicesLtd
18 0.335 28 1 - - 0.335
TOTAL 100% 8,223 53 100%
Thistableconsistsofdebt&preferredsecuritiesissuedbyAfricanissuers.Thisexcludesbondswithwarrants.Thereisaminimumthresholdof18monthsformaturitiesandUSD20MMminimumamountforself-ledsecurities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Government66%
Materials18%
Financials13%
Others2%
AfricaBonds:ManagerRankingsHistory
AfricaBonds:IndustryBreakdown
66%
18%
13%
2%
StandardBankofSouthAfrica
StandardCharteredBank
JPMorgan
BofASecurities
MorganStanley
AbsaGroupLtd
5
10
15
Marke
tSha
re(%
)
0
20
2020 2019 2018
Bloomberg AfricaCapitalMarkets|Q12020
BloombergLeagueTableReports Page2
AfricaEquity,EquityLinked&Rights
AfricaEquity,EquityLinked&Rights
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
BofASecurities 1 18.080 77 1 - - 18.080
Citi 1 18.080 77 1 - - 18.080
Investec 3 13.891 59 1 1 49.531 -35.640
GoldmanSachs 4 12.738 54 1 - - 12.738
StandardBankofSouthAfrica 4 12.738 54 1 2 26.117 -13.379
JavaCapital 6 12.454 53 1 4 8.339 4.115
Industrial&CommBankofChina
7 8.962 38 1 - - 8.962
ODINInvestments 8 3.059 13 1 - - 3.059
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 425 6 100%
Thistableconsistsofequity,equity-linked&rightsofferingsthatareissuedbyAfricanissuers.Thistableexcludesbondswithwarrants,closed-endfund&investmenttrustissuers,creditlinkednotes,reverseconvertiblesandself-ledofferings.Thethresholdsinclude12monthminimumcall,put&maturityperiods.Note:Issuercountryisdeterminedbycountryofrisk.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Financials57%
Materials34%
Communications8%
Others1%
AfricaEquity,EquityLinked&Rights:ManagerRankingsHistory
AfricaEquity,EquityLinked&Rights:IndustryBreakdown
57%34%
8%
BofASecurities
Citi
Investec
Goldm
anSachs
StandardBankofSouthAfrica
JavaCapital
10
20
30
40
Marke
tSha
re(%
)
0
50
2020 2019 2018
Bloomberg AfricaCapitalMarkets|Q12020
BloombergLeagueTableReports Page3
AfricaBorrowerLoans:Bookrunner
AfricaBorrowerLoans(Bookrunner)
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
StandardCharteredBank 1 19.177 831 1 1 14.354 4.823
KreditanstaltfuerWiederaufbau 2 13.529 586 1 - - 13.529
FirstAbuDhabiBankPJSC 3 11.340 492 2 13 2.319 9.021
NationalBankofEgypt 4 7.851 340 5 10 3.127 4.724
AfricanExport-ImportBank 5 5.336 231 2 2 11.753 -6.417
MashreqbankPSC 6 3.460 150 1 13 2.319 1.141
BurganBankSAK 7 3.260 141 1 - - 3.260
CreditSuisse 7 3.260 141 1 - - 3.260
FederatedInvestorsInc 7 3.260 141 1 - - 3.260
FirstRandLtd 7 3.260 141 1 17 1.095 2.165
SanlamLifeInsuranceLtd 7 3.260 141 1 - - 3.260
StateBankofMauritiusLtd 7 3.260 141 1 - - 3.260
SumitomoMitsuiFinancial 7 3.260 141 1 15 2.196 1.064
BanqueMisrSAE 14 1.944 84 2 11 2.580 -0.636
DevelopmentBankofSouthernAfricaLtd
15 1.538 67 1 17 1.095 0.443
EasternandSouthernAfricanTradeandDevel
15 1.538 67 1 8 5.145 -3.607
AhliUnitedBank 17 1.467 64 1 - - 1.467
ArabAfricanInternationalBank 17 1.467 64 1 - - 1.467
BankAudiSAL 17 1.467 64 1 - - 1.467
CommercialInternationalBankofEgypt 17 1.467 64 1 16 1.510 -0.043
TOTAL 100% 4,335 10 100%
ThistableconsistsofloanswithborrowersthathaveacountryofriskintheAfricanregion.Thisexcludesbilateralloans.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Government40%
Financials30%
Utilities14%
Communications10%
Others7%
AfricaBorrowerLoans:BookrunnerRankingsHistory
AfricaBorrowerLoans:IndustryBreakdown
40%
30%
14%
10%7%
StandardCharteredBank
KreditanstaltfuerWiederaufbau
FirstAbuDhabiBankPJSC
NationalBankofEgypt
AfricanExport-ImportBank
MashreqbankPSC
5
10
15
Marke
tSha
re(%
)
0
20
2020 2019 2018
Bloomberg AfricaCapitalMarkets|Q12020
BloombergLeagueTableReports Page4
AfricaBorrowerLoans:MandatedLeadArranger
AfricaBorrowerLoans(MandatedLeadArranger)
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
FirstAbuDhabiBankPJSC 1 10.928 492 2 11 1.961 8.967
StandardCharteredBank 2 8.520 383 1 3 7.532 0.988
NationalBankofEgypt 3 5.573 251 5 20 1.466 4.107
AfricanExport-ImportBank 4 4.642 209 2 6 6.792 -2.150
CreditAgricoleCIB 5 3.395 153 2 15 1.696 1.699
BurganBankSAK 6 3.141 141 1 - - 3.141
CreditSuisse 6 3.141 141 1 - - 3.141
FederatedInvestorsInc 6 3.141 141 1 - - 3.141
FirstRandLtd 6 3.141 141 1 16 1.693 1.448
SanlamLifeInsuranceLtd 6 3.141 141 1 - - 3.141
StateBankofMauritiusLtd 6 3.141 141 1 - - 3.141
SumitomoMitsuiFinancial 6 3.141 141 1 19 1.583 1.558
KreditanstaltfuerWiederaufbau
13 3.077 138 1 - - 3.077
QatarNationalBank 14 2.686 121 2 59 0.139 2.547
BanqueMisrSAE 15 1.874 84 2 21 1.425 0.449
INGGroep 16 1.819 82 1 5 6.853 -5.034
Industrial&CommBankofChina
17 1.667 75 1 25 1.118 0.549
MashreqbankPSC 17 1.667 75 1 23 1.303 0.364
AKAAusfuhrkreditGmbH 19 1.577 71 1 - - 1.577
AvivaPLC 19 1.577 71 1 - - 1.577
TOTAL 100% 4,499 11 100%
ThistableconsistsofloanswithborrowersthathaveacountryofriskintheAfricanregion.Thisexcludesbilateralloans.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Government40%
Financials30%
Utilities14%
Communications10%
Others7%
AfricaBorrowerLoans:MandatedLeadArrangerRankingsHistory
AfricaBorrowerLoans:IndustryBreakdown
40%
30%
14%
10%7%
FirstAbuDhabiBankPJSC
StandardCharteredBank
NationalBankofEgypt
AfricanExport-ImportBank
CreditAgricoleCIB
BurganBankSAK
CreditSuisse
FederatedInvestorsInc
FirstRandLtd
SanlamLifeInsuranceLtd
StateBankofMauritiusLtd
Sumitom
oMitsuiFinancial
5
10
Marke
tSha
re(%
)
0
15
2020 2019 2018
Bloomberg AfricaCapitalMarkets|Q12020
BloombergLeagueTableReports Page5
AfricaBorrowerLoans:AdministrativeAgent
AfricaBorrowerLoans(AdministrativeAgent)
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank PrevMktShare(%) MktShareChg(%)
StandardCharteredBank 1 36.480 1,641 1 1 25.901 10.579
AfricanExport-ImportBank 2 25.131 1,131 1 15 0.446 24.685
NationalBankofEgypt 3 19.826 892 4 5 6.143 13.683
FirstAbuDhabiBankPJSC
4 9.514 428 1 7 5.550 3.964
INGGroep 5 3.638 164 1 - - 3.638
MashreqbankPSC 6 3.334 150 1 - - 3.334
HSBC 7 1.156 52 1 9 2.960 -1.804
BanqueMisrSAE 8 0.920 41 1 13 0.684 0.236
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 4,499 11 100%
ThistableconsistsofloanswithborrowersthathaveacountryofriskintheAfricanregion.Thisexcludesbilateralloans.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Government40%
Financials30%
Utilities14%
Communications10%
Others7%
AfricaBorrowerLoans:AdministrativeAgentRankingsHistory
AfricaBorrowerLoans:IndustryBreakdown
40%
30%
14%
10%7%
StandardCharteredBank
AfricanExport-ImportBank
NationalBankofEgypt
FirstAbuDhabiBankPJSC
INGGroep
MashreqbankPSC
10
20
30
Marke
tSha
re(%
)
0
40
2020 2019 2018
Bloomberg AfricaCapitalMarkets|Q12020
BloombergLeagueTableReports Page6
Sub-SaharaAfricaBonds
Sub-SaharaAfricaBonds
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
StandardBankofSouthAfrica 1 19.243 1,582 22 1 17.546 1.697
StandardCharteredBank 2 12.392 1,019 7 2 8.874 3.518
JPMorgan 3 11.350 933 4 3 8.074 3.276
BofASecurities 4 7.297 600 3 4 7.380 -0.083
MorganStanley 4 7.297 600 3 4 7.380 -0.083
AbsaGroupLtd 6 5.019 413 9 7 4.799 0.220
GemcorpCapitalLLP 7 4.864 400 1 - - 4.864
Citi 8 4.560 375 2 10 3.821 0.739
MizuhoFinancial 8 4.560 375 2 - - 4.560
RBCCapitalMarkets 8 4.560 375 2 - - 4.560
DeutscheBank 11 4.054 333 1 - - 4.054
NedbankLtd 12 3.702 304 9 9 4.183 -0.481
FirstRandLtd 13 2.071 170 5 6 7.305 -5.234
FidelityBankLtd 14 1.783 147 4 19 0.760 1.023
Investec 15 1.507 124 5 16 1.991 -0.484
DatabankFinancialServicesLtd
16 1.322 109 3 19 0.760 0.562
ICSecuritiesGhanaLtd 16 1.322 109 3 19 0.760 0.562
BostonAdvisoryLtd 18 0.335 28 1 - - 0.335
ChapelHillAdvisoryPartnersLtd
18 0.335 28 1 - - 0.335
FutureviewFinancialServicesLtd
18 0.335 28 1 - - 0.335
TOTAL 100% 8,223 53 100%
ThistableconsistsofdebtsecuritiesissuedbySub-SaharaAfricanissuers.Thisexcludesbondswithwarrants.Thereisaminimumthresholdof18monthsformaturities,callorputperiods,andUSD20MMminimumamountforself-ledsecurities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Government66%
Materials18%
Financials13%
Others2%
Sub-SaharaAfricaBonds:ManagerRankingsHistory
Sub-SaharaAfricaBonds:IndustryBreakdown
66%
18%
13%
2%
StandardBankofSouthAfrica
StandardCharteredBank
JPMorgan
BofASecurities
MorganStanley
AbsaGroupLtd
5
10
15
Marke
tSha
re(%
)
0
20
2020 2019 2018
Bloomberg AfricaCapitalMarkets|Q12020
BloombergLeagueTableReports Page7
Sub-SaharaAfricaCurrencyBonds
Sub-SaharaAfricaCurrencyBonds
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
StandardBankofSouthAfrica 1 19.349 721 19 1 20.803 -1.454
JPMorgan 2 16.038 597 11 5 8.431 7.607
AbsaGroupLtd 3 11.078 413 9 3 14.107 -3.029
NedbankLtd 4 8.172 304 9 4 9.439 -1.267
FirstRandLtd 5 6.501 242 6 2 15.399 -8.898
GoldmanSachs 6 6.019 224 4 26 0.094 5.925
Investec 7 5.256 196 6 6 5.853 -0.597
FidelityBankLtd 8 3.935 147 4 11 1.688 2.247
DatabankFinancialServicesLtd
9 2.919 109 3 11 1.688 1.231
ICSecuritiesGhanaLtd 9 2.919 109 3 11 1.688 1.231
WellsFargo 11 1.485 55 2 - - 1.485
RBCCapitalMarkets 12 1.378 51 2 9 2.954 -1.576
StandardCharteredBank 13 1.180 44 2 - - 1.180
Citi 14 1.047 39 1 - - 1.047
DeutscheBank 15 0.999 37 3 17 0.976 0.023
TDSecurities 16 0.933 35 1 7 3.709 -2.776
BofASecurities 17 0.931 35 1 10 1.966 -1.035
BNPParibas 18 0.908 34 1 - - 0.908
BostonAdvisoryLtd 19 0.739 28 1 - - 0.739
ChapelHillAdvisoryPartnersLtd
19 0.739 28 1 - - 0.739
TOTAL 100% 3,726 79 100%
ThistableconsistsofdebtsecuritiesdenominatedinSub-SaharaAfricancurrencies.Thisexcludesbondswithwarrants.Thereisaminimumthresholdof18monthsformaturities,call,orputperiods,andUSD20MMminimumamountforself-ledsecurities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Government58%
Financials32%
ConsumerDiscretionary6%
Others5%
Sub-SaharaAfricaCurrencyBonds:ManagerRankingsHistory
Sub-SaharaAfricaCurrencyBonds:IndustryBreakdown
58%32%
6%
5%
StandardBankofSouthAfrica
JPMorgan
AbsaGroupLtd
NedbankLtd
FirstRandLtd
Goldm
anSachs
5
10
15
20
Marke
tSha
re(%
)
0
25
2020 2019 2018
Bloomberg AfricaCapitalMarkets|Q12020
BloombergLeagueTableReports Page8
Sub-SaharaEquity,EquityLinked&Rights
Sub-SaharaEquity,EquityLinked&Rights
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
BMOCapitalMarkets 1 18.923 126 1 - - 18.923
JPMorgan 1 18.923 126 1 - - 18.923
BofASecurities 3 11.556 77 1 - - 11.556
Citi 3 11.556 77 1 - - 11.556
Investec 5 8.879 59 1 1 58.734 -49.855
GoldmanSachs 6 8.335 55 2 - - 8.335
StandardBankofSouthAfrica 7 8.141 54 1 2 30.970 -22.829
JavaCapital 8 7.960 53 1 3 9.889 -1.929
Industrial&CommBankofChina
9 5.728 38 1 - - 5.728
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 665 7 100%
Thistableconsistsofequity,equity-linked&rightsofferings,issuedbySub-Saharanissuers.Thisexcludesbondswithwarrants,closed-endfund&investmenttrustissuers,creditlinkednotes,reverseconvertibles,andself-ledofferings.Thethresholdsinclude12monthminimumcall,put&maturityperiods.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Materials59%
Financials35%
Communications6%
Others1%
Sub-SaharaEquity,EquityLinked&Rights:ManagerRankingsHistory
Sub-SaharaEquity,EquityLinked&Rights:IndustryBreakdown
59%
35%
6%
BMOCapitalMarkets
JPMorgan
BofASecurities
Citi
Investec
Goldm
anSachs
20
40
Marke
tSha
re(%
)
0
60
2020 2019 2018
Bloomberg AfricaCapitalMarkets|Q12020
BloombergLeagueTableReports Page9
Sub-SaharaAfricaBorrowerLoans:Bookrunner
Sub-SaharaAfricaBorrowerLoans(Bookrunner)
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
StandardCharteredBank 1 27.956 831 1 1 17.309 10.647
KreditanstaltfuerWiederaufbau 2 19.722 586 1 - - 19.722
AfricanExport-ImportBank 3 7.779 231 2 2 14.173 -6.394
MashreqbankPSC 4 5.044 150 1 19 0.314 4.730
BurganBankSAK 5 4.752 141 1 - - 4.752
CreditSuisse 5 4.752 141 1 - - 4.752
FederatedInvestorsInc 5 4.752 141 1 - - 4.752
FirstRandLtd 5 4.752 141 1 11 1.321 3.431
SanlamLifeInsuranceLtd 5 4.752 141 1 - - 4.752
StateBankofMauritiusLtd 5 4.752 141 1 - - 4.752
SumitomoMitsuiFinancial 5 4.752 141 1 10 2.648 2.104
DevelopmentBankofSouthernAfricaLtd
12 2.242 67 1 11 1.321 0.921
EasternandSouthernAfricanTradeandDevel
12 2.242 67 1 7 6.204 -3.962
HSBC 14 1.749 52 1 19 0.314 1.435
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 2,974 4 100%
ThistableconsistsofloanswithborrowersthathaveacountryofriskintheSub-SaharanAfricanregion.Thisexcludesbilateralloans.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Government58%
Financials42%
Sub-SaharaAfricaBorrowerLoans:BookrunnerRankingsHistory
Sub-SaharaAfricaBorrowerLoans:IndustryBreakdown
58%
42%
StandardCharteredBank
KreditanstaltfuerWiederaufbau
AfricanExport-ImportBank
MashreqbankPSC
BurganBankSAK
CreditSuisse
FederatedInvestorsInc
FirstRandLtd
SanlamLifeInsuranceLtd
StateBankofMauritiusLtd
Sumitom
oMitsuiFinancial
10
20
Marke
tSha
re(%
)
0
30
2020 2019 2018
Bloomberg AfricaCapitalMarkets|Q12020
BloombergLeagueTableReports Page10
Sub-SaharaAfricaBorrowerLoans:MandatedLeadArranger
Sub-SaharaAfricaBorrowerLoans(MandatedLeadArranger)
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
StandardCharteredBank 1 12.216 383 1 3 8.897 3.319
AfricanExport-ImportBank 2 6.656 209 2 6 8.023 -1.367
CreditAgricoleCIB 3 4.869 153 2 16 1.420 3.449
BurganBankSAK 4 4.504 141 1 - - 4.504
CreditSuisse 4 4.504 141 1 - - 4.504
FederatedInvestorsInc 4 4.504 141 1 - - 4.504
FirstRandLtd 4 4.504 141 1 13 2.000 2.504
SanlamLifeInsuranceLtd 4 4.504 141 1 - - 4.504
StateBankofMauritiusLtd 4 4.504 141 1 - - 4.504
SumitomoMitsuiFinancial 4 4.504 141 1 15 1.870 2.634
KreditanstaltfuerWiederaufbau
11 4.412 138 1 - - 4.412
INGGroep 12 2.608 82 1 5 8.095 -5.487
Industrial&CommBankofChina
13 2.391 75 1 18 1.321 1.070
MashreqbankPSC 13 2.391 75 1 36 0.228 2.163
AKAAusfuhrkreditGmbH 15 2.261 71 1 - - 2.261
AvivaPLC 15 2.261 71 1 - - 2.261
BancoBilbaoVizcayaArgentaria
15 2.261 71 1 - - 2.261
BNPParibas 15 2.261 71 1 4 8.584 -6.323
Commerzbank 15 2.261 71 1 24 1.005 1.256
DekaBank 15 2.261 71 1 - - 2.261
TOTAL 100% 3,137 5 100%
ThistableconsistsofloanswithborrowersthathaveacountryofriskintheSub-SaharanAfricanregion.Thisexcludesbilateralloans.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Government58%
Financials42%
Sub-SaharaAfricaBorrowerLoans:MandatedLeadArrangerRankingsHistory
Sub-SaharaAfricaBorrowerLoans:IndustryBreakdown
58%
42%
StandardCharteredBank
AfricanExport-ImportBank
CreditAgricoleCIB
BurganBankSAK
CreditSuisse
FederatedInvestorsInc
FirstRandLtd
SanlamLifeInsuranceLtd
StateBankofMauritiusLtd
Sumitom
oMitsuiFinancial
5
10
Marke
tSha
re(%
)
0
15
2020 2019 2018
Bloomberg AfricaCapitalMarkets|Q12020
BloombergLeagueTableReports Page11
Sub-SaharaAfricaBorrowerLoans:AdministrativeAgent
Sub-SaharaAfricaBorrowerLoans(AdministrativeAgent)
Q12020 Q12019
Firm RankMkt
Share(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
StandardCharteredBank 1 52.309 1,641 1 1 30.593 21.716
AfricanExport-ImportBank
2 36.036 1,131 1 11 0.526 35.510
INGGroep 3 5.216 164 1 - - 5.216
MashreqbankPSC 4 4.781 150 1 - - 4.781
HSBC 5 1.658 52 1 - - 1.658
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 3,137 5 100%
ThistableconsistsofloanswithborrowersthathaveacountryofriskintheSub-SaharanAfricanregion.Thisexcludesbilateralloans.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Government58%
Financials42%
Sub-SaharaAfricaBorrowerLoans:AdministrativeAgentRankingsHistory
Sub-SaharaAfricaBorrowerLoans:IndustryBreakdown
58%
42%
StandardCharteredBank
AfricanExport-ImportBank
INGGroep
MashreqbankPSC
HSBC
20
40
Marke
tSha
re(%
)
0
55
2020 2019 2018
Bloomberg AfricaCapitalMarkets|Q12020
BloombergLeagueTableReports Page12
SouthAfricaBonds
SouthAfricaBonds
Q12020 Q12019
Firm RankMkt
Share(%)Volume(ZAR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
StandardBankofSouthAfrica
1 32.198 8,550 17 1 25.507 6.691
NedbankLtd 2 18.088 4,803 11 4 17.022 1.066
AbsaGroupLtd 3 17.660 4,689 6 3 20.044 -2.384
FirstRandLtd 4 15.383 4,085 8 2 24.840 -9.457
Investec 5 13.620 3,617 8 5 10.600 3.020
TransnetLtd 6 3.050 810 4 - - 3.050
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 26,553 52 100%
ThistableconsistsofdebtsecuritiesdenominatedinSouthAfricanRand,withmarkettype"Domestic"or"DomesticMTN".Thisexcludesbondswithwarrantsandcreditlinkednotes.Thereisaminimumthresholdof12monthsformaturities,callorputperiods,andZAR200MMminimumamountforself-ledsecurities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Financials64%
Government13%
ConsumerDiscretionary13%
Industrials6%
Others4%
SouthAfricaBonds:ManagerRankingsHistory
SouthAfricaBonds:IndustryBreakdown
64%13%
13%
6%
4%
StandardBankofSouthAfrica
NedbankLtd
AbsaGroupLtd
FirstRandLtd
Investec
TransnetLtd
10
20
30
Marke
tSha
re(%
)
0
35
2020 2019 2018
Bloomberg – League Tables Criteria
Bloomberg L.P. reserves the right of final decision concerning league eligibility and requires adequate documentation for the same. Bloomberg L.P. and its suppliers believe the information herein was obtained from reliable sources, but they do not guarantee its accuracy. Neither the information nor the opinion expressed constitutes a solicitation of the purchase or sale of securities or commodities. Due to the dynamic nature of the Professional Service product, League Table rankings may vary between the quarterly/year-end publications and data found on the Bloomberg Professional Service.
General Guidelines
Credit is based on the total amount of the offering sold to the public. Full credit is awarded to the sole bookrunning manager or split equally among joint bookrunning managers; unless full, explicit breakdown of bookrunning is provided by an involved party. Regional and local tables are identifiedbased on factors such as currency, market of issuer and/or country of risk/incorporation.
Fixed Income
All transactions must have a maturity/call/put option of minimum 18 months. Make-whole call and provisional call/put are exempted from this rule. Note: Criteria may vary for some local and/or regional tables. USD denominated 144A/REG S issues are credited 100% to the 144A tranche and 0% to the REG S tranche. Non-USD denominated 144A/REG S issues are credited 100% to the REG S tranche and 0% to the 144A tranche. Self-led transactions are included. New money portions of exchange offers are eligible for credit.
Exclusions: Accredited investor tranches, asset-backed issues, auction note agencies, collateralized bond obligations, collateralized loan obligations, commercial paper, municipal bonds, mortgage-backed issues, remarketed issues, repackaged bonds, government borrowing scheme retained bonds, variable principal redemption issues, variable interest equity-linked issues, and credit linked notes, selling group agency issues, strips, units, warrants, self-led under USD 50 million. Note: Criteria may vary for some local and/or regional tables.
Equities-Linked
Equity-linked transactions: Convertible bonds, convertible preferred stock and exchangeable bonds. Only issues that mature and are callable/puttable in 12 months or longer are included. Make-whole call, provisional call and provisional put are exempted from this rule. Convertible bondswith attached warrants are included. These are defined as synthetic convertibles with the combination of a fixed income instrument and warrants which can be converted into shares. The embedded warrant can be detachable or non-detachable but the bond and the warrant must be sold as a unit, i.e. there cannot be separate book building for the warrant and the bond.
Exclusions: Redemption-linked instruments, reverse convertibles or similar instruments, synthetics convertibles, issues convertible into participation in an underlying fund or investment trust, pre-IPO convertible instruments, certain lower hierarchy titles, i.e. Jr Bookrunner.
Equities
Equity market transactions: Initial public offerings, additional offerings of common stocks, units, and depositary receipts (ADRs, GDRs, etc) and rights offerings.
Exclusions: Non-underwritten/best efforts, privately placed transactions, funds, self-led, preferred offerings, pre-negotiated offerings, certain lower hierarchy titles, i.e. Jr Bookrunner. Note: Criteria may vary for some local and/or regional tables.
Bloomberg – League Tables Criteria
Bloomberg L.P. reserves the right of final decision concerning league eligibility and requires adequate documentation for the same. Bloomberg L.P. and its suppliers believe the information herein was obtained from reliable sources, but they do not guarantee its accuracy. Neither the information nor the opinion expressed constitutes a solicitation of the purchase or sale of securities or commodities. Due to the dynamic nature of the Professional Service product, League Table rankings may vary between the quarterly/year-end publications and data found on the Bloomberg Professional Service.
Loans
Includes executed syndicated loans transactions. Full credit is awarded to the banks satisfying the highest of the titles. Full credit is awarded to the sole bookrunning manager or split equally among joint bookrunning managers. Credit is allocated to amended or amended and restated transactions, where each modification is 100% at the lender’s option and not as a result of events already built into the original credit agreement. Credit is awarded for the following structural changes only: maturity extensions of three months or more, incremental basis for increased in deal size, reduction in pricing, full release of security.
Exclusions: Bilateral transactions, transactions with a maturity of less than three months, loans withdrawn prior to signing, amended orrestated securitizations, receivable and guarantee facilities.
US Municipals
Standard published tables will award deal credit based on true economic credit as reported by the issuer or the bookrunner. In absence ofreported economic credit, 100% will be assigned to the bookrunner.
Dollar value of credit will be assigned based on the percentage allocation reported for economic credit (or designated by the user in a custom table) and applied against the total par value of the bonds issued. Zero coupon bonds (CABS) or intermediate appreciation bonds (convertible CABs) will be included at the market value (accreted value) on the interest accrual date.
All debt issued by municipal issuers will be eligible for league credit. Taxable and tax-exempt debt is eligible for league credit unless a table includes specific tax type criteria. “Tax-exempt” is defined as federally tax-exempt and includes bonds subject to AMT and bonds designated as Bank Qualified.
Each table is provided in three formats. “Economic Credit” displays rankings based on true economic credit allocations of applicable deals. “Left Lead” assigns 100% credit to the bookrunner and 0% to all other syndicate participants. “Deal Count” displays rankings based on deal quantity rather than aggregate economic credit amounts. A “deal” refers to the aggregate series within an issuance led by a particular underwriter or syndicate. For example: a $50 million issuance is split into three series- a $10 million Series A, a $20 million Series B, and a $20 million Series C. Bank 1 is the underwriter of Series A & B, while Bank 2 is the underwriter of Series C. Bank 1 would have one “deal” worth $30 million, and Bank 2 would have one “deal” worth $20 million.
Exclusions: Derivatives, private placements, variable rate preferred securities, municipal commercial paper, and remarketings are excluded from municipal league table eligibility.
The full version of Bloomberg’s League table Standards & Guidelines can be accessed and subscribed to on the Reports tab on
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