Bloomberg 2014 Q1 Global Capital Markets League Tables

GLOBALCAPITAL MARKETSLEAGUE TABLES

Q1 2014

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Table of Contents

. Introduction1

Global Equity, Equity Linked & Rights. 2

Global Equity & Equity Linked. 3

Global Equity Linked. 4

U.S. Equity & Equity Linked. 5

EMEA Equity, Equity Linked & Rights

Offerings

. 6

Asia-Pacific Equity, Equity Linked & Rights. 7

Corporate Bonds (All). 8

International Bonds. 9

Global Bonds. 10

U.S. Bonds. 11

Euromarket Bonds. 12

Asian Local Currency Bonds. 13

U.S. Loans. 14

U.S. Leveraged Loans. 15

EMEA Loans Mandated Arranger. 16

EMEA Loans Book Runner. 17

Asia ex-Japan Loans Mandated Arranger. 18

Asia ex-Japan Loans Book Runner. 19

Latin America Equity Offerings. 20

Latin America Bonds. 21

Latin America Domestic Bonds. 22

Brazil Domestic (Local Credit). 23

Mexico Domestic. 24

Latin America Loans Mandated Arranger. 25

Latin America Loans Book Runner. 26

Bloomberg 2014 Q1

04/01/2014

EmailFaxPhoneContact

+1-609-279-5187 [email protected]+1-646-268-5455Paul BandongAmericas

[email protected]+44-20-77392-6161+44-20-3216-4345Jorge FernandezEMEA

[email protected]+60-3-2302-7800+60-3-2302-7887Janoearto AlamsyahAsia-Pac (HK)

Asia-Pac (SG) [email protected]+65-6231-3665Carissa Chua

Due to the dynamic nature of the Professional Service product, league table rankings may vary between this

release and data found on the Bloomberg Professional Service.

Bloomberg

Global Equity, Equity Linked & Rights

1/1/14 - 3/31/14

FIRM

USD (Mln)

RANKMKT

SHARE

DEAL

COUNT

VOLUMEMKT

SHARE

RANK

MKT

SHARE

CHG (%)

DISCL

FEES (%)*

20132014

Underwriter League Tables

13.1 1Goldman Sachs & Co 18,343 2.82 88 1 10.9 (2.2)

8.1 2Morgan Stanley 15,355 3.16 99 2 9.1 1.0

6.6 6JP Morgan 14,274 4.39 115 3 8.5 1.9

6.9 5Bank of America Merrill Lynch 13,611 3.26 88 4 8.1 1.2

6.2 7Deutsche Bank AG 12,128 3.73 79 5 7.2 1.0

8.0 3Citi 10,007 4.28 84 6 5.9 (2.1)

5.5 9Credit Suisse 9,882 3.98 91 7 5.9 0.4

8.0 4UBS 9,646 3.91 64 8 5.7 (2.3)

5.8 8Barclays 5,435 3.01 61 9 3.2 (2.6)

1.4 12Nomura Holdings Inc 4,143 2.58 34 10 2.5 1.1

1.3 14HSBC Bank PLC 3,362 1.50 10 11 2.0 0.7

1.3 13RBC Capital Markets 3,156 4.31 47 12 1.9 0.6

1.0 17Jefferies LLC 2,447 4.94 38 13 1.5 0.5

1.5 11Wells Fargo & Co 2,177 4.13 37 14 1.3 (0.2)

1.0 16BMO Capital Markets 1,633 4.49 26 15 1.0 -

0.7 25Sumitomo Mitsui Financial Group Inc 1,624 4.64 17 16 1.0 0.3

0.8 19Societe Generale 1,619 n/a 8 17 1.0 0.2

- -CITIC Securities Co Ltd 1,589 3.24 9 18 0.9 -

0.1 83GF Securities 1,132 5.85 9 19 0.7 0.6

1.3 15Mizuho Financial Group Inc 1,081 3.89 15 20 0.6 (0.7)

TOTAL 100% 100% 168,231 1,0234.28 178,037

Weighted Average Disclosed Fees - only issues that have fee information available are used in calculating this value*

Includes all eligible global equity, equity-linked & rights offering. Volume in USD millions.

Basic Materials 3.08%

Consumer Prod/Svcs 29.16%

Financial 28.15%

Industrial 12.49%

Oil/Gas/Elect 14.04%

Tech/Comm 13.08%

Total: 100.00%

INDUSTRY BREAKDOWN

80,000

100,000

120,000

140,000

160,000

180,000

200,000

220,000

240,000

260,000

600

700

800

900

1000

1100

1200

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

2012

Q4

2013

Q1

2013

Q2

2013

Q3

2013

Q4

2014

Q1

QUARTERLY VOLUME

USD (Mln) / #Deals


LEAG LREP LEAG LALT LMX LREP

Bloomberg

Global Equity & Equity Linked

1/1/14 - 3/31/14

FIRM

USD (Mln)

RANKMKT

SHARE

DEAL

COUNT

VOLUMEMKT

SHARE

RANK

MKT

SHARE

CHG (%)

DISCL

FEES (%)*

20132014


13.3 1Goldman Sachs & Co 18,202 2.82 86 1 11.0 (2.3)

8.3 2Morgan Stanley 15,161 3.16 98 2 9.2 0.9

6.6 6JP Morgan 14,079 4.39 112 3 8.5 1.9


6.1 7Deutsche Bank AG 12,128 3.73 79 5 7.4 1.3

8.1 3Citi 10,007 4.28 84 6 6.1 (2.0)

5.5 9Credit Suisse 9,882 3.98 91 7 6.0 0.5

8.0 4UBS 9,534 3.91 61 8 5.8 (2.2)

5.9 8Barclays 5,374 3.01 60 9 3.3 (2.6)


1.3 15HSBC Bank PLC 3,362 1.50 10 11 2.0 0.7


1.0 17Jefferies LLC 2,409 4.94 37 13 1.5 0.5

1.5 11Wells Fargo & Co 2,177 4.13 37 14 1.3 (0.2)

1.0 16BMO Capital Markets 1,633 4.49 26 15 1.0 -


0.8 19Societe Generale 1,619 n/a 8 17 1.0 0.2



0.4 32Scotiabank 1,037 4.02 8 20 0.6 0.2

TOTAL 100% 100% 164,971 9804.28 175,002


Includes all eligible equity & equity-linked offerings. Rights offerings are excluded. Excludes Renminbi denominated offers. Volume in USD millions.



Financial 27.85%

Industrial 12.28%


Tech/Comm 13.29%

Total: 100.00%

INDUSTRY BREAKDOWN

60,000

80,000

100,000

120,000

140,000

160,000

180,000

200,000

220,000

240,000

600

700

800

900

1000

1100

1200

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

2012

Q4

2013

Q1

2013

Q2

2013

Q3

2013

Q4

2014

Q1

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

Global Equity Linked

1/1/14 - 3/31/14

FIRM

USD (Mln)

RANKMKT

SHARE

DEAL

COUNT

VOLUMEMKT

SHARE

RANK

MKT

SHARE

CHG (%)

DISCL

FEES (%)*

20132014


6.2 6Morgan Stanley 2,987 2.82 17 1 13.6 7.4

9.4 5JP Morgan 2,435 2.90 18 2 11.1 1.7

9.7 4Goldman Sachs & Co 1,878 n/a 10 3 8.6 (1.1)

10.3 2Bank of America Merrill Lynch 1,667 2.74 11 4 7.6 (2.7)

9.8 3Deutsche Bank AG 1,660 2.50 11 5 7.6 (2.2)

3.0 11Credit Suisse 1,186 2.50 8 6 5.4 2.4

0.6 24HSBC Bank PLC 1,119 n/a 5 7 5.1 4.5

5.5 9Citi 1,001 3.00 6 8 4.6 (0.9)

5.8 8Barclays 904 n/a 7 9 4.1 (1.7)

0.9 18Nomura Holdings Inc 892 n/a 7 10 4.1 3.2

1.7 14Societe Generale 748 n/a 5 11 3.4 1.7

3.6 10BNP Paribas Group 607 n/a 5 12 2.8 (0.8)

0.2 34RBS 493 n/a 5 13 2.3 2.1

0.5 27Jefferies LLC 431 3.00 2 14 2.0 1.5

0.1 43UniCredit 428 n/a 3 15 2.0 1.9

2.1 13Credit Agricole CIB 302 n/a 3 16 1.4 (0.7)

0.6 23Mizuho Financial Group Inc 277 n/a 4 17 1.3 0.7

10.5 1UBS 255 n/a 2 18 1.2 (9.3)

0.8 19RBC Capital Markets 250 3.08 3 19 1.1 0.3

1.1 15Daiwa Securities Group Inc 205 n/a 2 20 0.9 (0.2)

TOTAL 100% 100% 21,895 1292.88 26,343


Includes all eligible equity-linked offerings. Rights offerings are excluded. Excludes Renminbi denominated offers. Volume in USD millions.


Financial 13.62%

Industrial 18.18%


Tech/Comm 13.26%

Total: 100.00%

INDUSTRY BREAKDOWN

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

40

60

80

100

120

140

160

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

2012

Q4

2013

Q1

2013

Q2

2013

Q3

2013

Q4

2014

Q1

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

U.S. Equity & Equity Linked

1/1/14 - 3/31/14

FIRM

USD (Mln)

RANKMKT

SHARE

DEAL

COUNT

VOLUMEMKT

SHARE

RANK

MKT

SHARE

CHG (%)

DISCL

FEES (%)*

20132014


11.6 3Morgan Stanley 6,489 4.07 59 1 11.3 (0.3)

13.0 2Citi 6,407 4.21 61 2 11.1 (1.9)

9.3 6JP Morgan 6,351 4.58 71 3 11.0 1.7

15.0 1Goldman Sachs & Co 6,211 3.23 53 4 10.8 (4.2)

11.2 4Bank of America Merrill Lynch 5,880 4.01 63 5 10.2 (1.0)

6.2 7Credit Suisse 5,118 4.25 48 6 8.9 2.7

3.7 9Deutsche Bank AG 4,473 3.94 49 7 7.8 4.1

10.6 5Barclays 3,888 2.85 45 8 6.7 (3.9)

3.9 8Wells Fargo & Co 2,094 4.15 35 9 3.6 (0.3)


2.6 11Jefferies LLC 1,402 5.18 22 11 2.4 (0.2)

3.5 10UBS 1,290 4.13 20 12 2.2 (1.3)

0.4 16Stifel 733 6.54 17 13 1.3 0.9

0.3 22BMO Capital Markets 661 4.96 11 14 1.1 0.8

0.1 31Piper Jaffray & Co 532 5.12 10 15 0.9 0.8

0.3 20Cowen & Co 528 6.00 14 16 0.9 0.6

0.4 18Leerink Swann LLC 527 6.08 11 17 0.9 0.5

1.1 13Raymond James & Associates Inc 363 5.74 11 18 0.6 (0.5)

- -HSBC Bank PLC 288 n/a 1 19 0.5 -

0.2 23William Blair & Co LLC 201 6.35 5 20 0.3 0.1

TOTAL 100% 100% 57,623 2824.18 65,097


Includes all eligible equity & equity-linked offerings from U.S. issuers. Volume in USD millions.


Financial 21.49%

Industrial 7.16%


Tech/Comm 20.38%

Total: 100.00%

INDUSTRY BREAKDOWN

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

80

120

160

200

240

280

320

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

2012

Q4

2013

Q1

2013

Q2

2013

Q3

2013

Q4

2014

Q1

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

EMEA Equity, Equity Linked & Rights Offerings

1/1/14 - 3/31/14

FIRM

USD (Mln)

RANKMKT

SHARE

DEAL

COUNT

VOLUMEMKT

SHARE

RANK

MKT

SHARE

CHG (%)

DISCL

FEES (%)*

20132014


10.4 3Goldman Sachs & Co 7,893 1.52 21 1 13.4 3.0

5.5 9JP Morgan 6,570 3.16 29 2 11.2 5.7

10.7 2UBS 6,339 n/a 17 3 10.8 0.1

15.4 1Deutsche Bank AG 5,672 2.47 16 4 9.7 (5.7)


6.8 5Morgan Stanley 5,407 2.63 19 6 9.2 2.4

5.5 8Credit Suisse 2,382 2.84 17 7 4.1 (1.4)

3.6 10Societe Generale 1,619 n/a 8 8 2.8 (0.8)

6.2 7Barclays 1,339 4.28 12 9 2.3 (3.9)

6.6 6Citi 1,311 4.68 9 10 2.2 (4.4)

0.3 28Jefferies LLC 1,001 4.41 14 11 1.7 1.4

- -Nordea 976 n/a 5 12 1.7 -

1.7 14Mediobanca 965 n/a 2 13 1.6 (0.1)

1.7 15HSBC Bank PLC 873 1.50 5 14 1.5 (0.2)

2.3 13BNP Paribas Group 687 n/a 7 15 1.2 (1.1)

- -Danske Markets 661 n/a 2 16 1.1 -

0.2 34Numis Securities Ltd 655 2.27 6 17 1.1 0.9

0.5 22Berenberg 590 n/a 9 18 1.0 0.5

0.2 36Pareto Securities 516 n/a 7 19 0.9 0.7

0.1 43RBS 461 n/a 4 20 0.8 0.7

TOTAL 100% 100% 58,725 1752.99 40,759


Includes all eligible equity, equity-linked & rights offerings from European, Middle Eastern and African issuers. Volume in USD millions.



Financial 42.28%

Industrial 9.37%

Oil/Gas/Elect 7.93%

Tech/Comm 10.12%

Total: 100.00%

INDUSTRY BREAKDOWN

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

40

60

80

100

120

140

160

180

200

220

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

2012

Q4

2013

Q1

2013

Q2

2013

Q3

2013

Q4

2014

Q1

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

Asia-Pacific Equity, Equity Linked & Rights

1/1/14 - 3/31/14

FIRM

USD (Mln)

RANKMKT

SHARE

DEAL

COUNT

VOLUMEMKT

SHARE

RANK

MKT

SHARE

CHG (%)

DISCL

FEES (%)*

20132014


15.6 1Goldman Sachs & Co 4,422 2.62 16 1 9.7 (5.9)


6.4 5Morgan Stanley 3,459 1.66 21 3 7.6 1.2

2.1 13HSBC Bank PLC 2,386 0.68 5 4 5.2 3.1

4.7 6Citi 2,256 3.40 13 5 5.0 0.3


13.3 2UBS 2,014 2.74 26 7 4.4 (8.9)

3.4 9Deutsche Bank AG 1,729 3.19 14 8 3.8 0.4

2.9 11Credit Suisse 1,714 3.94 19 9 3.8 0.9



6.5 4JP Morgan 1,486 2.31 14 12 3.3 (3.2)

0.2 37GF Securities 1,132 5.85 9 13 2.5 2.3


0.5 28China International Capital Corp 914 3.13 5 15 2.0 1.5

7.1 3Daiwa Securities Group Inc 840 3.96 12 16 1.8 (5.3)

- -Guosen Securities Co Ltd 649 5.47 7 17 1.4 -

- -China Merchants Securities Co Ltd 649 4.56 8 18 1.4 -

1.0 21CIMB 636 4.67 9 19 1.4 0.4

0.6 27Bank of China 566 3.72 6 20 1.2 0.6

TOTAL 100% 100% 45,510 4784.71 56,401


Includes all eligible equity, equity-linked & rights offerings from Asia Pacific issuers. Volume in USD millions.



Financial 23.46%

Industrial 22.70%


Tech/Comm 9.55%

Total: 100.00%

INDUSTRY BREAKDOWN

30,000

35,000

40,000

45,000

50,000

55,000

60,000

65,000

70,000

320

360

400

440

480

520

560

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

2012

Q4

2013

Q1

2013

Q2

2013

Q3

2013

Q4

2014

Q1

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

Corporate Bonds (All)

1/1/14 - 3/31/14

FIRM

USD (Mln)

RANKMKT

SHARE

DEAL

COUNT

VOLUMEMKT

SHARE

RANK

MKT

SHARE

CHG (%)

DISCL

FEES (%)*

20132014


7.4 1JP Morgan 71,545 0.56 376 1 6.6 (0.8)


5.5 4Goldman Sachs & Co 61,977 0.43 293 3 5.7 0.2

5.4 5Deutsche Bank AG 59,711 0.32 338 4 5.5 0.1

4.3 6Barclays 58,716 0.31 338 5 5.4 1.1

5.5 3Citi 58,223 0.56 377 6 5.4 (0.1)

4.2 8HSBC Bank PLC 51,466 0.27 313 7 4.8 0.6

4.2 7Morgan Stanley 45,428 0.51 684 8 4.2 -

2.9 9BNP Paribas Group 37,161 0.29 218 9 3.4 0.5

2.6 10Credit Suisse 35,983 0.43 221 10 3.3 0.7

2.0 14RBS 27,754 0.37 171 11 2.6 0.6

2.2 13UBS 27,124 0.75 329 12 2.5 0.3


1.8 15Societe Generale 21,990 0.25 114 14 2.0 0.2

1.3 17Credit Agricole CIB 19,547 0.40 114 15 1.8 0.5

2.3 11Wells Fargo & Co 16,653 0.80 448 16 1.5 (0.8)

1.4 16UniCredit 13,022 0.57 61 17 1.2 (0.2)

0.8 25Banco Santander SA 12,669 0.36 77 18 1.2 0.4


0.7 27Mizuho Financial Group Inc 11,768 0.34 124 20 1.1 0.4

TOTAL 100% 100% 1,081,470 5,3020.44 1,116,790


Includes all eligible corporate bonds worldwide. Volume in USD millions.



Financial 57.08%

Government 1.32%

Industrial 5.89%


Tech/Comm 6.85%

Total: 100.00%

INDUSTRY BREAKDOWN

500,000

600,000

700,000

800,000

900,000

1,000,000

1,100,000

1,200,000

4800

5000

5200

5400

5600

5800

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

2012

Q4

2013

Q1

2013

Q2

2013

Q3

2013

Q4

2014

Q1

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

International Bonds

1/1/14 - 3/31/14

FIRM

USD (Mln)

RANKMKT

SHARE

DEAL

COUNT

VOLUMEMKT

SHARE

RANK

MKT

SHARE

CHG (%)

DISCL

FEES (%)*

20132014


5.9 5HSBC Bank PLC 84,899 0.19 367 1 7.1 1.2

6.4 3Barclays 84,334 0.20 300 2 7.1 0.7

7.0 2Deutsche Bank AG 74,142 0.22 339 3 6.2 (0.8)

6.4 4Goldman Sachs & Co 73,925 0.26 263 4 6.2 (0.2)

7.5 1JP Morgan 72,519 0.34 350 5 6.1 (1.4)

5.5 6Citi 66,678 0.29 321 6 5.6 0.1



2.9 12Credit Suisse 40,482 0.27 205 9 3.4 0.5

3.6 9Morgan Stanley 38,409 0.27 173 10 3.2 (0.4)

2.9 13RBS 38,378 0.27 171 11 3.2 0.3



3.5 10UniCredit 27,852 0.32 127 14 2.3 (1.2)

2.3 14RBC Capital Markets 25,194 0.31 152 15 2.1 (0.2)

1.9 17UBS 22,248 0.54 167 16 1.9 -



0.9 25Landesbank Baden-Wuerttemberg 18,148 0.12 81 19 1.5 0.6

1.6 18Natixis 17,923 0.32 74 20 1.5 (0.1)

TOTAL 100% 100% 1,190,270 3,2280.27 1,117,270


Includes all eligible international bonds; bonds that can be sold outside their domestic market. Volume in USD millions.



Financial 44.58%

Government 30.14%

Industrial 2.95%

Oil/Gas/Elect 6.82%

Tech/Comm 5.10%

Total: 100.00%

INDUSTRY BREAKDOWN

600,000

700,000

800,000

900,000

1,000,000

1,100,000

1,200,000

1,300,000

1,400,000

2400

2600

2800

3000

3200

3400

3600

3800

4000

4200

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

2012

Q4

2013

Q1

2013

Q2

2013

Q3

2013

Q4

2014

Q1

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

Global Bonds

1/1/14 - 3/31/14

FIRM

USD (Mln)

RANKMKT

SHARE

DEAL

COUNT

VOLUMEMKT

SHARE

RANK

MKT

SHARE

CHG (%)

DISCL

FEES (%)*

20132014


9.8 3Barclays 33,507 0.22 94 1 12.0 2.2

14.5 1JP Morgan 30,653 0.37 113 2 11.0 (3.5)

10.4 2Goldman Sachs & Co 27,149 0.28 74 3 9.7 (0.7)


4.2 10HSBC Bank PLC 24,064 0.21 59 5 8.6 4.4

8.3 5Deutsche Bank AG 22,791 0.24 63 6 8.2 (0.1)

9.6 4Citi 22,280 0.31 99 7 8.0 (1.6)

7.1 6Morgan Stanley 13,593 0.26 50 8 4.9 (2.2)


1.8 14RBS 8,892 0.33 50 10 3.2 1.4

2.6 12Credit Suisse 7,802 0.34 27 11 2.8 0.2

2.0 13TD Securities 6,963 0.10 14 12 2.5 0.5

4.4 9BNP Paribas Group 6,951 0.31 34 13 2.5 (1.9)

3.3 11Wells Fargo & Co 6,646 0.56 43 14 2.4 (0.9)


0.8 18Mitsubishi UFJ Financial 2,575 0.54 24 16 0.9 0.1

- -Landesbank Baden-Wuerttemberg 2,310 0.13 1 17 0.8 -

1.0 17BMO Capital Markets 2,277 0.87 9 18 0.8 (0.2)

0.3 27Scotiabank 2,084 0.31 7 19 0.7 0.4

1.2 16UBS 1,869 0.60 12 20 0.7 (0.5)

TOTAL 100% 100% 279,526 2960.30 262,142


Includes all eligible bonds where Market of Issue is Global. Volume in USD millions.


Financial 30.20%

Government 33.89%

Industrial 2.37%


Tech/Comm 11.22%

Total: 100.00%

INDUSTRY BREAKDOWN

160,000

180,000

200,000

220,000

240,000

260,000

280,000

300,000

140

160

180

200

220

240

260

280

300

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

2012

Q4

2013

Q1

2013

Q2

2013

Q3

2013

Q4

2014

Q1

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

U.S. Bonds

1/1/14 - 3/31/14

FIRM

USD (Mln)

RANKMKT

SHARE

DEAL

COUNT

VOLUMEMKT

SHARE

RANK

MKT

SHARE

CHG (%)

DISCL

FEES (%)*

20132014


14.0 1JP Morgan 66,272 0.56 296 1 11.7 (2.3)


8.2 5Barclays 56,074 0.27 252 3 9.9 1.7

9.3 4Goldman Sachs & Co 49,588 0.35 203 4 8.8 (0.5)

9.7 3Citi 49,362 0.47 270 5 8.7 (1.0)

6.9 6Deutsche Bank AG 39,200 0.30 177 6 6.9 -

6.9 7Morgan Stanley 34,396 0.46 571 7 6.1 (0.8)

3.4 12HSBC Bank PLC 29,875 0.20 109 8 5.3 1.9

3.5 10Credit Suisse 24,721 0.42 127 9 4.4 0.9

4.4 8Wells Fargo & Co 17,704 0.78 472 10 3.1 (1.3)


3.5 11BNP Paribas Group 14,742 0.34 71 12 2.6 (0.9)

1.6 14UBS 11,628 0.90 225 13 2.1 0.5

2.1 13RBS 11,350 0.54 95 14 2.0 (0.1)


0.6 18TD Securities 6,872 0.10 41 16 1.2 0.6

0.8 16Mitsubishi UFJ Financial 5,717 0.65 53 17 1.0 0.2

0.5 20US Bancorp 4,476 0.62 34 18 0.8 0.3

0.7 17Jefferies LLC 4,236 0.65 26 19 0.7 -


TOTAL 100% 100% 564,986 2,6300.41 578,712


Includes U.S. Domestic, Yankee, Domestic Medium Term Notes and Global Bonds denominated in USD. Volume in USD millions.



Financial 37.52%

Government 22.81%

Industrial 4.76%


Tech/Comm 8.41%

Total: 100.00%

INDUSTRY BREAKDOWN

320,000

360,000

400,000

440,000

480,000

520,000

560,000

600,000

640,000

2000

2200

2400

2600

2800

3000

3200

3400

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

2012

Q4

2013

Q1

2013

Q2

2013

Q3

2013

Q4

2014

Q1

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

Euromarket Bonds

1/1/14 - 3/31/14

FIRM

USD (Mln)

RANKMKT

SHARE

DEAL

COUNT

VOLUMEMKT

SHARE

RANK

MKT

SHARE

CHG (%)

DISCL

FEES (%)*

20132014


6.5 1HSBC Bank PLC 58,067 0.17 284 1 6.8 0.3

5.4 3Barclays 49,894 0.17 193 2 5.9 0.5


6.4 2Deutsche Bank AG 46,014 0.19 247 4 5.4 (1.0)

5.2 4Goldman Sachs & Co 42,591 0.21 169 5 5.0 (0.2)

3.6 9Citi 36,392 0.19 178 6 4.3 0.7


4.3 7JP Morgan 35,305 0.26 198 8 4.2 (0.1)

3.0 13Credit Suisse 33,148 0.21 169 9 3.9 0.9


3.4 10RBS 29,319 0.21 120 11 3.5 0.1


5.0 5UniCredit 27,463 0.32 125 13 3.2 (1.8)

2.5 14Morgan Stanley 20,972 0.26 104 14 2.5 -

2.2 17UBS 18,770 0.39 141 15 2.2 -

2.3 16Natixis 17,723 0.22 72 16 2.1 (0.2)


1.3 23Landesbank Baden-Wuerttemberg 15,838 0.12 80 18 1.9 0.6

1.5 20Commerzbank AG 14,579 0.22 103 19 1.7 0.2

1.3 22Banco Bilbao Vizcaya Argentaria 11,761 0.07 44 20 1.4 0.1

TOTAL 100% 100% 847,996 2,8170.21 777,259


Includes all eligible Euromarket bonds. Volume in USD millions.



Financial 49.61%

Government 29.78%

Industrial 2.82%

Oil/Gas/Elect 5.37%

Tech/Comm 2.85%

Total: 100.00%

INDUSTRY BREAKDOWN

400,000

500,000

600,000

700,000

800,000

900,000

1,000,000

2200

2400

2600

2800

3000

3200

3400

3600

3800

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

2012

Q4

2013

Q1

2013

Q2

2013

Q3

2013

Q4

2014

Q1

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

Asian Local Currency Bonds

1/1/14 - 3/31/14

FIRM

USD (Mln)

RANKMKT

SHARE

DEAL

COUNT

VOLUMEMKT

SHARE

RANK

MKT

SHARE

CHG (%)

DISCL

FEES (%)*

20132014


9.0 1HSBC Bank PLC 3,676 0.15 87 1 8.0 (1.0)

6.8 2Standard Chartered Bank 3,319 0.20 77 2 7.2 0.4

3.1 6CIMB 2,976 0.20 61 3 6.5 3.4

6.5 3Axis Bank Ltd 2,034 n/a 55 4 4.4 (2.1)

3.7 4KB Investment & Securities Co Ltd 1,903 0.29 31 5 4.1 0.4

1.6 15Maybank 1,899 n/a 33 6 4.1 2.5

1.8 13DBS Group Holdings Ltd 1,639 0.20 29 7 3.6 1.8

3.1 7Korea Investment & Securities Co 1,430 0.25 24 8 3.1 -

0.5 46Shinhan Investment Corp 1,301 0.25 18 9 2.8 2.3

2.3 10Deutsche Bank AG 971 0.20 16 10 2.1 (0.2)

3.3 5ICICI 935 n/a 36 11 2.0 (1.3)

2.9 9Woori Investment & Securities Co Ltd 919 0.27 17 12 2.0 (0.9)

1.3 22Barclays 874 n/a 24 13 1.9 0.6

1.3 20AmInvestment Bank Bhd 768 n/a 8 14 1.7 0.4

2.2 11Siam Commercial Bank PCL 698 n/a 23 15 1.5 (0.7)

0.6 44Yuanta Securities Co Ltd 667 n/a 23 16 1.5 0.9

0.5 49ANZ Banking Group 666 n/a 9 17 1.4 0.9

1.5 18Bangkok Bank PCL 655 0.02 21 18 1.4 (0.1)

1.6 17AK Capital Services 640 n/a 42 19 1.4 (0.2)

0.5 47Kasikornbank PCL 637 n/a 20 20 1.4 0.9

TOTAL 100% 100% 45,968 6640.27 52,980


Includes all eligible bonds denominated in SGD, MYR, HKD, KRW, TWD, INR, THB, IDR, VND and PHP. Excludes issues that are callable or puttable

and mature in less than 12 months. Volume in USD millions.



Financial 44.99%

Government 7.66%

Industrial 9.48%


Tech/Comm 4.39%

Total: 100.00%

INDUSTRY BREAKDOWN

32,000

36,000

40,000

44,000

48,000

52,000

56,000

60,000

64,000

68,000

550

600

650

700

750

800

850

900

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

2012

Q4

2013

Q1

2013

Q2

2013

Q3

2013

Q4

2014

Q1

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

U.S. Loans

1/1/14 - 3/31/14

FIRM RANKMKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20132014


15.6 1JP Morgan 269 1 16.6 1.0 70,831

14.0 2Bank of America Merrill Lynch 251 2 13.4 (0.6) 56,999

7.9 4Wells Fargo & Co 160 3 8.9 1.0 37,781

5.2 7Deutsche Bank AG 103 4 6.5 1.3 27,584

8.1 3Citi 113 5 6.5 (1.6) 27,515

5.9 5Barclays 105 6 6.0 0.1 25,539

5.2 6Credit Suisse 102 7 4.9 (0.3) 20,801

4.8 8Goldman Sachs & Co 91 8 4.2 (0.6) 18,020

3.0 10RBC Capital Markets 77 9 3.9 0.9 16,699

4.2 9Morgan Stanley 79 10 3.7 (0.5) 15,694

1.3 17SunTrust Robinson Humphrey 58 11 2.1 0.8 8,846

2.2 12UBS 45 12 1.9 (0.3) 7,881

2.3 11Mitsubishi UFJ Financial 30 13 1.7 (0.6) 7,085

2.2 13RBS 48 14 1.6 (0.6) 6,976

1.1 21HSBC Bank PLC 28 15 1.6 0.5 6,618

0.9 24PNC Bank 54 16 1.6 0.7 6,603

1.3 18BNP Paribas Group 28 17 1.5 0.2 6,381

1.0 22BMO Capital Markets 49 18 1.3 0.3 5,550

1.5 15US Bancorp 34 19 1.2 (0.3) 5,273

1.4 16Jefferies LLC 35 20 1.2 (0.2) 5,228

TOTAL 100% 100% 826 425,911

Includes all eligible U.S. loans. Volume in USD millions.

448,523



Financial 20.96%

Industrial 12.35%

Oil/Gas/Elect 9.48%

Tech/Comm 16.35%

Total: 100.00%

INDUSTRY BREAKDOWN

320,000

360,000

400,000

440,000

480,000

520,000

560,000

600,000

640,000

600

700

800

900

1000

1100

1200

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

2012

Q4

2013

Q1

2013

Q2

2013

Q3

2013

Q4

2014

Q1

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

U.S. Leveraged Loans

1/1/14 - 3/31/14

FIRM RANKMKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20132014


11.7 2JP Morgan 149 1 13.3 1.6 35,082

13.4 1Bank of America Merrill Lynch 148 2 10.5 (2.9) 27,651

7.2 6Wells Fargo & Co 80 3 8.1 0.9 21,434

7.3 5Deutsche Bank AG 84 4 8.1 0.8 21,330

7.5 4Credit Suisse 100 5 7.7 0.2 20,314

7.9 3Barclays 83 6 7.3 (0.6) 19,392

6.9 7Goldman Sachs & Co 83 7 6.1 (0.8) 16,203

5.8 9Morgan Stanley 75 8 5.6 (0.2) 14,723

6.8 8Citi 65 9 5.4 (1.4) 14,139

3.7 10RBC Capital Markets 57 10 4.3 0.6 11,414

3.2 11UBS 44 11 2.6 (0.6) 6,798

2.1 13Jefferies LLC 33 12 1.9 (0.2) 5,131

1.6 14SunTrust Robinson Humphrey 38 13 1.9 0.3 5,073

1.2 15BMO Capital Markets 40 14 1.7 0.5 4,489

0.9 17RBS 33 15 1.6 0.7 4,125

3.0 12General Electric Capital Corp 33 16 1.5 (1.5) 3,951

0.4 28Kohlberg Kravis Roberts & Co 15 17 1.2 0.8 3,188

0.4 27HSBC Bank PLC 17 18 1.1 0.7 2,966

0.5 22Fifth Third Bancorp 22 19 0.9 0.4 2,249


TOTAL 100% 100% 522 263,865

Includes all eligible U.S. leveraged loans (spread of 225bp or more). Loans must be rated less than investment grade by at least one rating agency or not

rated at all. Volume in USD millions.

289,607



Financial 11.32%

Industrial 10.85%

Oil/Gas/Elect 6.74%

Tech/Comm 18.77%

Total: 100.00%

INDUSTRY BREAKDOWN

80,000

120,000

160,000

200,000

240,000

280,000

320,000

360,000

350

400

450

500

550

600

650

700

750

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

2012

Q4

2013

Q1

2013

Q2

2013

Q3

2013

Q4

2014

Q1

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

EMEA Loans Mandated Arranger

1/1/14 - 3/31/14

FIRM RANKMKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20132014


4.7 3HSBC Bank PLC 69 1 6.9 2.2 9,704

6.3 1BNP Paribas Group 54 2 5.8 (0.5) 8,085

4.7 2Credit Agricole CIB 46 3 5.5 0.8 7,652

3.0 11Barclays 52 4 4.8 1.8 6,698

4.7 5Societe Generale 38 5 4.3 (0.4) 6,017

4.7 4Deutsche Bank AG 34 6 4.2 (0.5) 5,899

3.7 7RBS 49 7 4.0 0.3 5,648

2.2 12Commerzbank AG 33 8 3.6 1.4 4,977

3.0 9Citi 28 9 3.5 0.5 4,891

3.0 10ING Groep NV 36 10 2.9 (0.1) 4,082

4.4 6UniCredit 35 11 2.9 (1.5) 4,061

2.2 13Bank of America Merrill Lynch 25 12 2.7 0.5 3,736

2.0 16JP Morgan 20 13 2.2 0.2 3,106

1.5 22Lloyds Bank PLC 30 14 2.1 0.6 3,005


1.8 18Goldman Sachs & Co 16 16 1.8 - 2,552

3.3 8Natixis 24 17 1.8 (1.5) 2,527

0.5 43Nomura Holdings Inc 8 18 1.8 1.3 2,514

2.2 15Nordea 16 19 1.8 (0.4) 2,462

1.1 30SEB 14 20 1.6 0.5 2,175

TOTAL 100% 100% 191 140,035

Includes all eligible European, Middle Eastern and African loans. Volume in USD millions.

222,074



Financial 16.56%

Industrial 11.61%


Tech/Comm 16.29%

Total: 100.00%

INDUSTRY BREAKDOWN

120,000

140,000

160,000

180,000

200,000

220,000

240,000

260,000

280,000

300,000

320,000

160

200

240

280

320

360

400

440

480

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

2012

Q4

2013

Q1

2013

Q2

2013

Q3

2013

Q4

2014

Q1

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

EMEA Loans Book Runner

1/1/14 - 3/31/14

FIRM RANKMKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20132014



6.7 2BNP Paribas Group 33 2 6.7 - 7,725

5.4 4Deutsche Bank AG 25 3 6.1 0.7 7,041

2.9 11Barclays 28 4 4.7 1.8 5,441

3.5 9ING Groep NV 25 5 4.5 1.0 5,177

3.7 8HSBC Bank PLC 37 6 4.3 0.6 4,923

2.8 12Commerzbank AG 19 7 3.8 1.0 4,422

4.1 7RBS 24 8 3.8 (0.3) 4,367

4.2 6UniCredit 26 9 3.7 (0.5) 4,244

6.2 3Societe Generale 23 10 3.5 (2.7) 4,087

3.0 10Citi 18 11 3.4 0.4 3,963

2.3 15Bank of America Merrill Lynch 17 12 2.8 0.5 3,207

0.9 30DnB ASA 10 13 2.8 1.9 3,204

0.7 34Credit Suisse 10 14 2.7 2.0 3,075


1.7 19Nordea 10 16 2.3 0.6 2,602

5.1 5Natixis 16 17 2.1 (3.0) 2,473

2.0 18Goldman Sachs & Co 13 18 2.1 0.1 2,394

0.6 35Nomura Holdings Inc 5 19 1.9 1.3 2,222

2.6 14JP Morgan 12 20 1.9 (0.7) 2,175

TOTAL 100% 100% 135 115,430

Includes all eligible European, Middle Eastern and African loans. Volume in USD millions.

183,353



Financial 16.81%

Industrial 10.80%


Tech/Comm 17.68%

Total: 100.00%

INDUSTRY BREAKDOWN

100,000

120,000

140,000

160,000

180,000

200,000

220,000

240,000

260,000

280,000

120

160

200

240

280

320

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

2012

Q4

2013

Q1

2013

Q2

2013

Q3

2013

Q4

2014

Q1

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

Asia ex-Japan Loans Mandated Arranger

1/1/14 - 3/31/14

FIRM RANKMKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20132014


15.4 1State Bank of India 28 1 14.0 (1.4) 10,864

1.9 11Sumitomo Mitsui Financial Group Inc 28 2 5.0 3.1 3,872

7.2 2Bank of China 31 3 4.7 (2.5) 3,666

3.0 4HSBC Bank PLC 38 4 4.5 1.5 3,533

2.8 5Standard Chartered Bank 31 5 3.5 0.7 2,699

1.7 15Mitsubishi UFJ Financial 20 6 3.2 1.5 2,455


2.0 9United Overseas Bank 18 8 2.8 0.8 2,179

3.7 3DBS Group Holdings Ltd 26 9 2.8 (0.9) 2,148

1.1 24China Construction Bank 11 10 2.8 1.7 2,147

2.5 7ANZ Banking Group 23 11 2.7 0.2 2,138

1.6 17Mizuho Financial Group Inc 21 12 2.5 0.9 1,945

0.7 40Axis Bank Ltd 6 13 2.4 1.7 1,903


2.2 8Oversea-Chinese Banking Corp 10 15 1.9 (0.3) 1,463

- -IDFC Capital Ltd 3 16 1.7 - 1,356

2.5 6Deutsche Bank AG 13 17 1.6 (0.9) 1,268

1.9 12Industrial & Comm Bank of China 12 18 1.6 (0.3) 1,240

1.8 13Maybank 9 19 1.6 (0.2) 1,222

1.4 21Bank of Taiwan 15 20 1.5 0.1 1,160

TOTAL 100% 100% 210 77,774

Includes all eligible loans from Asia Pacific excluding Japan, Australia, and New Zealand. Volume in USD millions.

69,553



Financial 22.85%

Government 1.42%

Industrial 12.04%


Tech/Comm 7.72%

Total: 100.00%

INDUSTRY BREAKDOWN

55,000

60,000

65,000

70,000

75,000

80,000

85,000

90,000

95,000

200

220

240

260

280

300

320

340

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

2012

Q4

2013

Q1

2013

Q2

2013

Q3

2013

Q4

2014

Q1

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

Asia ex-Japan Loans Book Runner

1/1/14 - 3/31/14

FIRM RANKMKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20132014


20.5 1State Bank of India 22 1 19.1 (1.4) 10,479

2.1 13HSBC Bank PLC 18 2 7.2 5.1 3,960

5.9 2Bank of China 21 3 5.5 (0.4) 3,018

2.2 11Siam Commercial Bank PCL 2 4 4.6 2.4 2,539

1.6 17Axis Bank Ltd 6 5 3.5 1.9 1,903

5.2 3Standard Chartered Bank 15 6 3.4 (1.8) 1,895

1.5 18Mizuho Financial Group Inc 14 7 3.2 1.7 1,768

1.1 24Sumitomo Mitsui Financial Group Inc 10 8 2.9 1.8 1,609


- -IDFC Capital Ltd 2 10 2.4 - 1,317


3.2 4ANZ Banking Group 10 12 2.3 (0.9) 1,252

2.6 8Bank of Taiwan 14 13 2.3 (0.3) 1,238


0.8 37China Construction Bank 3 15 1.9 1.1 1,032

2.3 10DBS Group Holdings Ltd 8 16 1.9 (0.4) 1,016

1.0 28Oversea-Chinese Banking Corp 4 17 1.7 0.7 920

1.1 22United Overseas Bank 7 18 1.7 0.6 909

0.9 34Taiwan Cooperative Bank 17 19 1.6 0.7 889

- -CIMB 2 20 1.6 - 852

TOTAL 100% 100% 168 54,928

Includes all eligible loans from Asia Pacific excluding Japan, Australia, and New Zealand. Volume in USD millions.

41,321



Financial 24.05%

Government 2.01%

Industrial 14.29%


Tech/Comm 10.52%

Total: 100.00%

INDUSTRY BREAKDOWN

30,000

35,000

40,000

45,000

50,000

55,000

60,000

65,000

70,000

120

140

160

180

200

220

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

2012

Q4

2013

Q1

2013

Q2

2013

Q3

2013

Q4

2014

Q1

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

Latin America Equity Offerings

1/1/14 - 3/31/14

FIRM

USD (Mln)

RANKMKT

SHARE

DEAL

COUNT

VOLUMEMKT

SHARE

RANK

MKT

SHARE

CHG (%)

DISCL

FEES (%)*

20132014


3.3 11Deutsche Bank AG 622 n/a 3 1 34.9 31.6

20.0 1Credit Suisse 584 n/a 5 2 32.8 12.8

13.2 3Banco BTG Pactual SA 195 6.05 3 3 10.9 (2.3)

3.7 10Bank of America Merrill Lynch 149 n/a 1 4 8.4 4.7

5.9 5Citi 149 n/a 1 5 8.4 2.5

9.2 4Banco Itau BBA SA 32 6.05 1 6 1.8 (7.4)

2.4 14JP Morgan 32 6.05 1 6 1.8 (0.6)

- -Raymond James & Associates Inc 15 n/a 1 8 0.8 -

1.4 17Bradesco BBI SA 6 n/a 1 9 0.3 (1.1)

TOTAL 100% 100% 1,783 126.05 10,448


Includes all eligible equity offerings from Latin American issuers. Volume in USD millions.


Financial 34.31%


Total: 100.00%

INDUSTRY BREAKDOWN

0

2,000

4,000

6,000

8,000

10,000

12,000

6

8

10

12

14

16

18

20

22

24

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

2012

Q4

2013

Q1

2013

Q2

2013

Q3

2013

Q4

2014

Q1

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

Latin America Bonds

1/1/14 - 3/31/14

FIRM

USD (Mln)

RANKMKT

SHARE

DEAL

COUNT

VOLUMEMKT

SHARE

RANK

MKT

SHARE

CHG (%)

DISCL

FEES (%)*

20132014


7.9 4HSBC Bank PLC 5,445 0.22 34 1 11.0 3.1

9.7 2JP Morgan 4,734 0.26 26 2 9.6 (0.1)

3.0 13Credit Suisse 4,078 0.21 11 3 8.2 5.2

4.8 9Bradesco BBI SA 3,608 0.28 24 4 7.3 2.5


11.3 1Citi 3,196 0.22 26 6 6.5 (4.8)

2.3 15Goldman Sachs & Co 3,006 0.30 8 7 6.1 3.8

8.9 3Banco do Brasil SA 2,940 0.26 19 8 5.9 (3.0)

5.8 6Deutsche Bank AG 2,799 0.23 15 9 5.7 (0.1)

4.4 11Banco Itau BBA SA 1,962 n/a 24 10 4.0 (0.4)

5.6 7Banco Santander SA 1,929 0.23 21 11 3.9 (1.7)


- -Bank of China 1,417 n/a 6 13 2.9 -

2.5 14Morgan Stanley 1,261 n/a 9 14 2.5 -

- -Credit Agricole CIB 1,144 0.29 7 15 2.3 -

4.6 10Banco Bilbao Vizcaya Argentaria 1,053 n/a 15 16 2.1 (2.5)

3.3 12Barclays 999 0.30 5 17 2.0 (1.3)

- -Mizuho Financial Group Inc 734 0.29 4 18 1.5 -

- -Pareto Securities 725 n/a 1 19 1.5 -

- -UBS 560 n/a 2 20 1.1 -

TOTAL 100% 100% 49,514 1210.25 39,408


Includes all eligible bonds with country of risk in South America, Mexico, Belize, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras,

Nicaragua & Panama. Includes Eurobonds and Global Bonds. Volume in USD millions.



Financial 17.74%

Government 20.96%

Industrial 6.62%


Tech/Comm 2.83%

Total: 100.00%

INDUSTRY BREAKDOWN

28,000

32,000

36,000

40,000

44,000

48,000

52,000

56,000

120

130

140

150

160

170

180

190

200

210

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

2012

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2013

Q1

2013

Q2

2013

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2013

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2014

Q1

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

Latin America Domestic Bonds

1/1/14 - 3/31/14

FIRM RANKMKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20132014


7.6 3Banco Itau BBA SA 22 1 22.2 14.6 1,734

7.6 4Bradesco BBI SA 7 2 9.5 1.9 740

8.3 2HSBC Bank PLC 14 3 6.9 (1.4) 543

5.7 6Banco Bilbao Vizcaya Argentaria 16 4 6.6 0.9 515

1.2 19Casa de Bolsa Banorte SA 11 5 6.3 5.1 491

- -Actinver Casa de Bolsa SA 9 6 5.8 - 453

5.6 7Citi 11 7 5.0 (0.6) 387

18.8 1Banco do Brasil SA 7 8 4.3 (14.5) 334

7.4 5Banco Santander SA 14 9 4.0 (3.4) 310

4.0 8Banco Votorantim SA 2 10 2.9 (1.1) 228

2.1 13Scotiabank 7 11 2.9 0.8 223

- -Banco Safra SA 3 12 2.8 - 222

3.0 9Banco BTG Pactual SA 3 13 2.5 (0.5) 199

0.2 44CI Casa de Bolsa 3 14 2.4 2.2 186

0.7 29Bank of America Merrill Lynch 6 15 2.0 1.3 158

2.4 10Morgan Stanley 3 16 1.3 (1.1) 104

- -Itau Unibanco Holding SA 3 17 1.2 - 95

- -Finamex Casa de Bolsa SA de CV 2 18 1.1 - 87

1.4 16Inversora Bursatil 1 19 1.0 (0.4) 82

- -Indusval Ctvm SA 1 20 1.0 - 75

TOTAL 100% 100% 85 7,814

Includes all eligible domestic bonds issued by Latin American companies with a minimum 12 month maturity. Volume in USD millions.

14,334



Financial 21.15%

Government 5.81%

Industrial 6.24%


Total: 100.00%

INDUSTRY BREAKDOWN

6,000

8,000

10,000

12,000

14,000

16,000

18,000

20,000

70

80

90

100

110

120

130

140

150

160

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

2012

Q4

2013

Q1

2013

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2013

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Q1

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

Brazil Domestic (Local Credit)

1/1/14 - 3/31/14

FIRM RANKMKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

BRL (Mln)

20132014


13.6 3Banco Itau BBA SA 19 1 42.1 28.5 3,975

14.3 2Bradesco BBI SA 7 2 18.5 4.2 1,742

36.4 1Banco do Brasil SA 7 3 8.5 (27.9) 803

5.9 6Banco Votorantim SA 2 4 5.8 (0.1) 550

6.1 5HSBC Bank PLC 5 5 5.7 (0.4) 535

- -Banco Safra SA 3 6 5.6 - 530

5.9 7Banco BTG Pactual SA 3 7 5.2 (0.7) 491

- -Itau Unibanco Holding SA 3 8 2.4 - 225

- -Indusval Ctvm SA 1 9 1.9 - 175


- -Credit Suisse 1 11 1.1 - 105

2.5 9BES Investimento SA 1 12 1.1 (1.4) 100

1.2 11Arab Banking Corp 1 13 0.5 (0.7) 50

TOTAL 100% 100% 42 9,432

Includes all local and global eligible bonds with a minimum 12 month maturity. Volume in BRL millions.

15,475



Financial 12.80%

Industrial 7.83%


Tech/Comm 1.07%

Total: 100.00%

INDUSTRY BREAKDOWN

6,000

8,000

10,000

12,000

14,000

16,000

18,000

20,000

22,000

24,000

30

40

50

60

70

80

90

100

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

2012

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BRL (Mln) / #Deals



Bloomberg

Mexico Domestic

1/1/14 - 3/31/14

FIRM RANKMKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20132014


7.5 7Casa de Bolsa Banorte SA 9 1 15.9 8.4 393

- -Actinver Casa de Bolsa SA 7 2 14.3 - 355

19.0 2Banco Bilbao Vizcaya Argentaria 7 3 10.4 (8.6) 256

11.7 3HSBC Bank PLC 7 4 9.9 (1.8) 246

24.3 1Citi 7 5 8.4 (15.9) 208

- -Scotiabank 6 6 8.3 - 206

1.4 10CI Casa de Bolsa 3 7 7.5 6.1 186


5.3 8Bank of America Merrill Lynch 4 9 4.6 (0.7) 114

- -Morgan Stanley 2 10 3.5 - 87

- -Interacciones Casa de Bolsa 3 11 2.6 - 64

- -Barclays 2 12 1.1 - 26

- -Casa de Bolsa Deutsche Bank 2 12 1.1 - 26

- -Casa De Bolsa Ve Por Mas SA de CV 2 12 1.1 - 26

- -JP Morgan 2 12 1.1 - 26

- -Monex Casa de Bolsa 2 12 1.1 - 26

- -Valores Mexicanos Casa Bolsa 2 12 1.1 - 26

- -Vector Casa de Bolsa 2 12 1.1 - 26

- -Finamex Casa de Bolsa SA de CV 1 19 0.2 - 5

TOTAL 100% 100% 14 2,473

Includes all local and global eligible bonds with a minimum 12 month maturity. Volume in MXN millions.

1,790


Financial 11.40%

Government 18.26%

Industrial 7.01%


Total: 100.00%

INDUSTRY BREAKDOWN

1,000

2,000

3,000

4,000

5,000

6,000

7,000

12

16

20

24

28

32

36

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

2012

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2013

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Q1

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

Latin America Loans Mandated Arranger

1/1/14 - 3/31/14

FIRM RANKMKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20132014



9.9 4Mizuho Financial Group Inc 6 2 6.2 (3.7) 443

17.0 1HSBC Bank PLC 4 3 5.3 (11.7) 377

- -Natixis 4 4 4.3 - 307

6.3 5Citi 3 5 4.2 (2.1) 300

12.7 2Sumitomo Mitsui Financial Group Inc 3 6 4.0 (8.7) 287

5.5 7JP Morgan 3 7 3.5 (2.0) 248

1.5 13Banco Itau BBA SA 6 8 3.0 1.5 216


1.2 17Industrial & Comm Bank of China 2 10 2.9 1.7 208

5.7 6Banco Bilbao Vizcaya Argentaria 2 11 2.9 (2.8) 206

10.5 3Mitsubishi UFJ Financial 2 11 2.9 (7.6) 206

0.8 26ING Groep NV 3 13 2.8 2.0 199

2.7 9Standard Chartered Bank 3 14 2.2 (0.5) 159

1.3 15Societe Generale 2 15 2.1 0.8 151

1.3 14Banco Santander SA 2 16 2.0 0.7 144

0.7 28Wells Fargo & Co 2 17 1.9 1.2 136

- -Bladex 4 18 1.9 - 133

- -Export Development Canada 1 19 1.8 - 129

- -Intesa Sanpaolo SpA 1 19 1.8 - 129

TOTAL 100% 100% 18 7,122 9,700



Financial 22.96%

Industrial 4.32%

Oil/Gas/Elect 7.42%

Total: 100.00%

INDUSTRY BREAKDOWN

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

20,000

16

20

24

28

32

36

40

44

48

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

2012

Q4

2013

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2013

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2013

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Q1

QUARTERLY VOLUME

USD (Mln) / #Deals



Bloomberg

Latin America Loans Book Runner

1/1/14 - 3/31/14

FIRM RANKMKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20132014




14.5 2Citi 3 3 9.7 (4.8) 710

5.7 5HSBC Bank PLC 3 3 9.7 4.0 710

4.0 9Standard Chartered Bank 3 5 5.5 1.5 405

- -Bladex 5 6 4.3 - 315

5.3 6JP Morgan 2 7 3.5 (1.8) 260

1.8 14Banco Itau BBA SA 6 8 2.9 1.1 216

- -Nederlandse Financierings-Maatschappij v 1 9 1.7 - 128

10.7 4Mizuho Financial Group Inc 3 10 1.7 (9.0) 127

- -ING Groep NV 1 11 1.4 - 100

13.1 3Sumitomo Mitsui Financial Group Inc 1 12 1.1 (12.0) 82

- -Industrial & Comm Bank of China 1 13 1.1 - 79

- -Natixis 1 13 1.1 - 79

- -Banco do Brasil SA 2 15 0.6 - 42

- -BES Investimento SA 1 16 0.4 - 31

- -Bradesco BBI SA 1 16 0.4 - 31


- -Credit Agricole CIB 1 18 0.3 - 25

0.9 18Goldman Sachs & Co 1 18 0.3 (0.6) 25

TOTAL 100% 100% 20 7,327 9,360



Financial 25.11%

Industrial 4.20%

Oil/Gas/Elect 7.21%

Total: 100.00%

INDUSTRY BREAKDOWN

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

10

15

20

25

30

35

40

45

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

2012

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2013

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QUARTERLY VOLUME

USD (Mln) / #Deals



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.

Credit is based on the total amount of the offering sold to the public. Full credit is awarded to sole book-running manager or split equally among joint book-running managers. Regional and local tables are identified based on factors such as currency, market of issuer and/or country of risk/inc.

Fixed Income All transaction must have a maturity or a call/put option of minimum 18 month. Make-whole calls, provisional calls/puts are exempt from this rule. Note: criteria may vary for some local and/or regional tables.

U.S. dollar denominated 144A/REG S issues are credited 100% to the 144A tranche and 0% to the REG S tranche. Non-U.S. dollar denominated 144A/REG S issues are credited 100% to the REG S tranche and 0% to the 144A tranche.

New money portions of exchange offers will be 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 US$50 mln. 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 calls, provisional calls, and provisional puts are exempt from this rule. Convertible bonds with 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 hierarch 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 hierarch titles, i.e. Jr Bookrunner. Note: Criteria may vary for some local and/or regional table.

Loans Includes executed syndicated loans transactions. Full credit is awarded to the sole bank satisfying the highest of the titles. Credit will be awarded equally among multiple banks that share the highest agent/manager title. Credit is allocated to amended or amended and restated transactions, where each modification is 100% at the lenders option and not as a result of events already built into the original credit agreement. Credit is awarded to following structural changes only: 90 day or more maturity extensions, incremental basis for increased in deal size, reduction in pricing, full release of security.

Exclusions: Bilateral transactions, guaranteed deals (including but not limited to Letter of Guarantee, Performance Bond, CP Guarantee or Bank Guarantee), deals with a maturity of less than 90 days (limit of one amended maturity per loan ,per year), cancelled or withdrawn transactions that are not executed prior to deals cancellation or withdrawal.

Full versions of Bloombergs League Tables Standards & Guidelines can be accessed on Bloomberg Professional: {IDOC 2016701}: Equity {IDOC 2027097}: Equity Linked {IDOC 2061504}: Structured Notes {IDOC 2016703}: Fixed Income {IDOC 2065648}: Syndicated Loans {IDOC 2027014}: Legal Adviser Fixed Income {IDOC 2021549}: Legal Adviser Equity
capital markets coversSlide Number 1Slide Number 2Slide Number 3Slide Number 4Slide Number 5Slide Number 6Slide Number 7Slide Number 8Slide Number 9Slide Number 10Slide Number 11Slide Number 12Slide Number 13Slide Number 14Slide Number 15Slide Number 16Slide Number 17Global Capital Market-Q1 2014Banks combined Q1 2014 LREP Version

Bloomberg 2014 Q1 Global Capital Markets League Tables

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