Bookrunner League Table of Local Brazilian Bonds, 2025
- #
- Investment Bank
- Amount, USD mln
- Number of issuers
- Number of issues
- 1
-
- Itau Unibanco Holding
- 20,160
- 156
- 260
-
-
-
Amount, USD mln | Share, %20,160 | 27.48
-
Number of issuers | Number of issues
- ***
- ***
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- ***
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- ***
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- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- 2
-
- Banco Bradesco BBI
- 10,954
- 105
- 150
-
-
-
Amount, USD mln | Share, %10,954 | 14.93
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- 3
-
- BTG Pactual Holding
- 9,204
- 75
- 126
-
-
-
Amount, USD mln | Share, %9,204 | 12.54
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- 4
-
- Banco Santander
- 8,027
- 82
- 123
-
-
-
Amount, USD mln | Share, %8,027 | 10.94
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- 5
-
- UBS
- 7,006
- 76
- 105
-
-
-
Amount, USD mln | Share, %7,006 | 9.55
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- 6
-
- XP Investimentos
- 5,557
- 39
- 66
-
-
-
Amount, USD mln | Share, %5,557 | 7.57
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- 7
-
- BNDES
- 2,308
- 7
- 19
-
-
-
Amount, USD mln | Share, %2,308 | 3.15
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- 8
-
- Banco Safra
- 1,802
- 20
- 35
-
-
-
Amount, USD mln | Share, %1,802 | 2.46
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- 9
-
- Banco Votorantim
- 1,599
- 37
- 43
-
-
-
Amount, USD mln | Share, %1,599 | 2.18
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- 10
-
- ABC Brasil DTVM
- 975
- 21
- 26
-
-
-
Amount, USD mln | Share, %975 | 1.33
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- 11
-
- BNP Paribas
- 963
- 7
- 8
-
-
-
Amount, USD mln | Share, %963 | 1.31
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- 12
-
- Caixa Economica Federal
- 919
- 17
- 21
-
-
-
Amount, USD mln | Share, %919 | 1.25
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- 13
-
- Citigroup
- 646
- 9
- 12
-
-
-
Amount, USD mln | Share, %646 | 0.88
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- 14
-
- BNDESPAR
- 644
- 3
- 8
-
-
-
Amount, USD mln | Share, %644 | 0.88
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- 15
-
- Terra Investimentos
- 478
- 17
- 24
-
-
-
Amount, USD mln | Share, %478 | 0.65
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- 16
-
- Banco Daycoval
- 289
- 8
- 12
-
-
-
Amount, USD mln | Share, %289 | 0.39
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- 17
-
- JP Morgan
- 203
- 2
- 2
-
-
-
Amount, USD mln | Share, %203 | 0.28
-
Number of issuers | Number of issues
- ***
- ***
- 18
-
- Oslo Capital DTVM
- 198
- 4
- 6
-
-
-
Amount, USD mln | Share, %198 | 0.27
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- ***
- 19
-
- JPG Financial Advisory
- 175
- 4
- 4
-
-
-
Amount, USD mln | Share, %175 | 0.24
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- 20
-
- Ativa Investimentos
- 147
- 10
- 14
-
-
-
Amount, USD mln | Share, %147 | 0.20
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- 21
-
- Galapagos Capital DTVM
- 123
- 2
- 7
-
-
-
Amount, USD mln | Share, %123 | 0.17
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- 22
-
- Deutsche Bank
- 92
- 1
- 1
-
-
-
Amount, USD mln | Share, %92 | 0.13
-
Number of issuers | Number of issues
- ***
- 23
-
- Banco BOCOM BBM
- 89
- 4
- 4
-
-
-
Amount, USD mln | Share, %89 | 0.12
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- 24
-
- Credit Agricole CIB
- 59
- 1
- 2
-
-
-
Amount, USD mln | Share, %59 | 0.08
-
Number of issuers | Number of issues
- ***
- ***
- 25
-
- Banco Sumitomo Mitsui Brasileiro
- 51
- 1
- 1
-
-
-
Amount, USD mln | Share, %51 | 0.07
-
Number of issuers | Number of issues
- ***
- 26
-
- Archx Capital
- 45
- 3
- 3
-
-
-
Amount, USD mln | Share, %45 | 0.06
-
Number of issuers | Number of issues
- ***
- ***
- ***
- 27
-
- RB Investimentos
- 35
- 1
- 1
-
-
-
Amount, USD mln | Share, %35 | 0.05
-
Number of issuers | Number of issues
- ***
- 28
-
- BB Banco de Investimento
- 33
- 1
- 1
-
-
-
Amount, USD mln | Share, %33 | 0.04
-
Number of issuers | Number of issues
- ***
- 29
-
- BR Partners Banco de Investimento
- 31
- 2
- 6
-
-
-
Amount, USD mln | Share, %31 | 0.04
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- ***
- 30
-
- Banco Fator
- 15
- 2
- 3
-
-
-
Amount, USD mln | Share, %15 | 0.02
-
Number of issuers | Number of issues
- ***
- ***
- ***
- 31-32
-
- Banco MUFG Brasil
- 14
- 1
- 1
-
-
-
Amount, USD mln | Share, %14 | 0.02
-
Number of issuers | Number of issues
- ***
- 31-32
-
- Banco Mizuho do Brasil
- 14
- 1
- 1
-
-
-
Amount, USD mln | Share, %14 | 0.02
-
Number of issuers | Number of issues
- ***
- 33
-
- ASA Asset 2 Gestao de Recursos
- 11
- 1
- 1
-
-
-
Amount, USD mln | Share, %11 | 0.02
-
Number of issuers | Number of issues
- ***
- 34
-
- Inter DTVM
- 10
- 1
- 2
-
-
-
Amount, USD mln | Share, %10 | 0.01
-
Number of issuers | Number of issues
- ***
- ***
- 35
-
- Lastro
- 6
- 2
- 4
-
-
-
Amount, USD mln | Share, %6 | 0.01
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- 36
-
- Bloxs Coordenacao
- 2
- 1
- 1
-
-
-
Amount, USD mln | Share, %2 | 0.00
-
Number of issuers | Number of issues
- ***
-
- Not Available
- 486
- 10
- 12
-
-
-
Amount, USD mln | Share, %486 | 0.66
-
Number of issuers | Number of issues
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- ***
- Other investment banks
- 704
- 25
- 35
-
Amount, USD mln | Share, %704 | 1
-
Number of issuers | Number of issues25 | 35
- Total
- 73,373
- 417
- 733
-
Amount, USD mln | Share, %73,373 | 100
-
Number of issuers | Number of issues417 | 733









