Dubai: Bloomberg has published its Q1 2019 EMEA Capital Markets Tables, representing the top arrangers, bookrunners and advisors across various deals including syndicated loans, bonds, equity and M&A transactions.
Key highlights for the Middle East and North Africa (MENA) region in Q1 2019 include:
· In Global Islamic sukuk, total international sukuk volumes decreased by 4.9% to $9.16 billion compared to Q1 2018. Standard Chartered Bank ranked first after finishing 2018 in second place, with Kuwait Finance House (KFH) ranking second. This is the highest-ever position KFH has reached on the international sukuk table; the bank’s credited volume of $1.048 billion for Q1 2019 has already far surpassed its total credited volume of $ 555 million for FY 2018.
· In syndicated loans, MENA-based borrower loans for Q1 2019 totaled $24.8 billion, which is a 32.9% decrease compared to Q1 2018. U.A.E.-based borrowers syndicated loan volume increased by 61.2%, compared to Q1 2018, to $14.6 billion, while Saudi Arabia-based borrowers syndicated loan volumes decreased by 75.5%, compared to Q1 2018, to $5.75 billion. The number of local banks in the top 10 MENA bookrunner ranking increased to three banks in Q1 2019 from two in 2018; First Abu Dhabi Bank, Abu Dhabi Commercial Bank and Dubai Islamic Bank rank 1st, 6thand 7th respectively.
· In bonds and sukuk, total MENA volume increased to by 26.4%, compared to Q1 2018, to $ 35.1 billion – the second highest Q1 volume on record, with the highest recorded in Q1 2017. Standard Chartered Bank remained as the top MENA bonds and sukuk underwriter for Q1 2019, after ending 2018 in the position.
Bloomberg’s league tables are a one-stop shop for constant and timely access to the most comprehensive information available on capital markets representation. Bloomberg Terminal clients can access the full range of league tables at LEAG . The full EMEA Capital Markets League Tables can be found here.
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