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Bookrunner League Table of Emerging Market International Sovereign Bonds, Jan-Dec 2025

Last updated 03/02/2026
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  • #
  • Investment Bank
  • Amount, mln USD
  • Number of issuers
  • Number of issues
  • Amount, mln USD | Share, %
    40,083 | 15.32
  • Number of issuers | Number of issues
    37| 103
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  • Amount, mln USD | Share, %
    36,339 | 13.89
  • Number of issuers | Number of issues
    35| 99
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  • Amount, mln USD | Share, %
    18,329 | 7.01
  • Number of issuers | Number of issues
    18| 53
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  • Amount, mln USD | Share, %
    16,252 | 6.21
  • Number of issuers | Number of issues
    13| 39
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  • Amount, mln USD | Share, %
    14,117 | 5.40
  • Number of issuers | Number of issues
    17| 40
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  • 6
  • HSBC
  • 12,955
  • 17
  • 45
  • Amount, mln USD | Share, %
    12,955 | 4.95
  • Number of issuers | Number of issues
    17| 45
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  • Amount, mln USD | Share, %
    9,898 | 3.78
  • Number of issuers | Number of issues
    17| 34
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  • Amount, mln USD | Share, %
    8,160 | 3.12
  • Number of issuers | Number of issues
    8| 20
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  • Amount, mln USD | Share, %
    8,065 | 3.08
  • Number of issuers | Number of issues
    15| 37
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  • Amount, mln USD | Share, %
    8,042 | 3.07
  • Number of issuers | Number of issues
    15| 27
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  • Amount, mln USD | Share, %
    7,203 | 2.75
  • Number of issuers | Number of issues
    6| 21
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  • Amount, mln USD | Share, %
    5,673 | 2.17
  • Number of issuers | Number of issues
    5| 13
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  • Amount, mln USD | Share, %
    5,512 | 2.11
  • Number of issuers | Number of issues
    8| 16
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  • Amount, mln USD | Share, %
    5,134 | 1.96
  • Number of issuers | Number of issues
    4| 10
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  • Amount, mln USD | Share, %
    4,702 | 1.80
  • Number of issuers | Number of issues
    6| 17
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  • Amount, mln USD | Share, %
    4,139 | 1.58
  • Number of issuers | Number of issues
    4| 12
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  • Amount, mln USD | Share, %
    3,163 | 1.21
  • Number of issuers | Number of issues
    4| 12
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  • Amount, mln USD | Share, %
    2,967 | 1.13
  • Number of issuers | Number of issues
    2| 5
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  • Amount, mln USD | Share, %
    2,905 | 1.11
  • Number of issuers | Number of issues
    2| 11
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  • Amount, mln USD | Share, %
    2,842 | 1.09
  • Number of issuers | Number of issues
    7| 12
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  • Amount, mln USD | Share, %
    2,491 | 0.95
  • Number of issuers | Number of issues
    6| 7
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  • Amount, mln USD | Share, %
    2,464 | 0.94
  • Number of issuers | Number of issues
    8| 12
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  • Amount, mln USD | Share, %
    2,207 | 0.84
  • Number of issuers | Number of issues
    2| 5
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  • Amount, mln USD | Share, %
    1,973 | 0.75
  • Number of issuers | Number of issues
    1| 5
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  • Amount, mln USD | Share, %
    1,769 | 0.68
  • Number of issuers | Number of issues
    3| 6
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  • Amount, mln USD | Share, %
    1,750 | 0.67
  • Number of issuers | Number of issues
    1| 2
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  • Amount, mln USD | Share, %
    1,719 | 0.66
  • Number of issuers | Number of issues
    3| 5
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  • Amount, mln USD | Share, %
    1,643 | 0.63
  • Number of issuers | Number of issues
    2| 4
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  • Amount, mln USD | Share, %
    1,500 | 0.57
  • Number of issuers | Number of issues
    1| 3
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  • Amount, mln USD | Share, %
    1,155 | 0.44
  • Number of issuers | Number of issues
    3| 5
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  • Amount, mln USD | Share, %
    1,140 | 0.44
  • Number of issuers | Number of issues
    4| 5
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  • 32
  • ICBC
  • 1,020
  • 4
  • 6
  • Amount, mln USD | Share, %
    1,020 | 0.39
  • Number of issuers | Number of issues
    4| 6
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  • Amount, mln USD | Share, %
    950 | 0.36
  • Number of issuers | Number of issues
    1| 5
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  • Amount, mln USD | Share, %
    911 | 0.35
  • Number of issuers | Number of issues
    2| 4
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  • Amount, mln USD | Share, %
    884 | 0.34
  • Number of issuers | Number of issues
    1| 2
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  • ***
  • Amount, mln USD | Share, %
    833 | 0.32
  • Number of issuers | Number of issues
    1| 1
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  • Amount, mln USD | Share, %
    748 | 0.29
  • Number of issuers | Number of issues
    2| 5
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  • 38
  • UBS
  • 729
  • 3
  • 6
  • Amount, mln USD | Share, %
    729 | 0.28
  • Number of issuers | Number of issues
    3| 6
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  • ***
  • Amount, mln USD | Share, %
    673 | 0.26
  • Number of issuers | Number of issues
    1| 4
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  • Amount, mln USD | Share, %
    611 | 0.23
  • Number of issuers | Number of issues
    1| 2
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  • 41
  • SEB
  • 521
  • 1
  • 2
  • Amount, mln USD | Share, %
    521 | 0.20
  • Number of issuers | Number of issues
    1| 2
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  • ***
  • Amount, mln USD | Share, %
    500 | 0.19
  • Number of issuers | Number of issues
    1| 1
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  • Amount, mln USD | Share, %
    469 | 0.18
  • Number of issuers | Number of issues
    1| 2
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  • ***
  • Amount, mln USD | Share, %
    397 | 0.15
  • Number of issuers | Number of issues
    2| 4
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  • ***
  • Amount, mln USD | Share, %
    330 | 0.13
  • Number of issuers | Number of issues
    1| 2
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  • ***
  • Amount, mln USD | Share, %
    330 | 0.13
  • Number of issuers | Number of issues
    1| 2
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  • ***
  • Amount, mln USD | Share, %
    330 | 0.13
  • Number of issuers | Number of issues
    1| 2
  • ***
  • ***
  • Amount, mln USD | Share, %
    309 | 0.12
  • Number of issuers | Number of issues
    2| 3
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  • ***
  • ***
  • Amount, mln USD | Share, %
    309 | 0.12
  • Number of issuers | Number of issues
    2| 3
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  • 50-51
  • Halyk Finance
  • 300
  • 1
  • 1
  • Amount, mln USD | Share, %
    300 | 0.11
  • Number of issuers | Number of issues
    1| 1
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  • 50-51
  • Teniz Capital Investment Banking
  • 300
  • 1
  • 1
  • Amount, mln USD | Share, %
    300 | 0.11
  • Number of issuers | Number of issues
    1| 1
  • ***
  • Amount, mln USD | Share, %
    282 | 0.11
  • Number of issuers | Number of issues
    1| 2
  • ***
  • ***
  • Amount, mln USD | Share, %
    282 | 0.11
  • Number of issuers | Number of issues
    1| 2
  • ***
  • ***
  • Amount, mln USD | Share, %
    273 | 0.10
  • Number of issuers | Number of issues
    1| 1
  • ***
  • Amount, mln USD | Share, %
    273 | 0.10
  • Number of issuers | Number of issues
    1| 1
  • ***
  • 56
  • CIBC
  • 267
  • 1
  • 1
  • Amount, mln USD | Share, %
    267 | 0.10
  • Number of issuers | Number of issues
    1| 1
  • ***
  • Amount, mln USD | Share, %
    250 | 0.10
  • Number of issuers | Number of issues
    1| 2
  • ***
  • ***
  • Amount, mln USD | Share, %
    250 | 0.10
  • Number of issuers | Number of issues
    1| 2
  • ***
  • ***
  • Amount, mln USD | Share, %
    250 | 0.10
  • Number of issuers | Number of issues
    1| 2
  • ***
  • ***
  • 60
  • Citi
  • 195
  • 1
  • 1
  • Amount, mln USD | Share, %
    195 | 0.07
  • Number of issuers | Number of issues
    1| 1
  • ***
  • Amount, mln USD | Share, %
    188 | 0.07
  • Number of issuers | Number of issues
    1| 1
  • ***
  • Amount, mln USD | Share, %
    183 | 0.07
  • Number of issuers | Number of issues
    1| 1
  • ***
  • Amount, mln USD | Share, %
    175 | 0.07
  • Number of issuers | Number of issues
    1| 1
  • ***
  • Amount, mln USD | Share, %
    175 | 0.07
  • Number of issuers | Number of issues
    1| 1
  • ***
  • Amount, mln USD | Share, %
    175 | 0.07
  • Number of issuers | Number of issues
    1| 1
  • ***
  • Amount, mln USD | Share, %
    175 | 0.07
  • Number of issuers | Number of issues
    1| 1
  • ***
  • Amount, mln USD | Share, %
    143 | 0.05
  • Number of issuers | Number of issues
    1| 1
  • ***
  • Amount, mln USD | Share, %
    143 | 0.05
  • Number of issuers | Number of issues
    1| 1
  • ***
  • Amount, mln USD | Share, %
    143 | 0.05
  • Number of issuers | Number of issues
    1| 1
  • ***
  • Amount, mln USD | Share, %
    143 | 0.05
  • Number of issuers | Number of issues
    1| 1
  • ***
  • 71-72
  • BTIG
  • 100
  • 1
  • 1
  • Amount, mln USD | Share, %
    100 | 0.04
  • Number of issuers | Number of issues
    1| 1
  • ***
  • Amount, mln USD | Share, %
    100 | 0.04
  • Number of issuers | Number of issues
    1| 1
  • ***
  • Amount, mln USD | Share, %
    6,240 | 2.38
  • Number of issuers | Number of issues
    6| 19
  • ***
  • ***
  • ***
  • ***
  • ***
  • ***
  • ***
  • ***
  • ***
  • ***
  • ***
  • ***
  • ***
  • ***
  • ***
  • ***
  • ***
  • ***
  • ***
  • Amount, mln USD | Share, %
    3,498 | 1.34
  • Number of issuers | Number of issues
    1| 1
  • ***
  • Other investment banks
  • 34,262
  • 32
  • 79
  • Amount, mln USD | Share, %
    34,262 | 13
  • Number of issuers | Number of issues
    32 | 79
  • Total
  • 261,646
  • 53
  • 183
  • Amount, mln USD | Share, %
    261,646 | 100
  • Number of issuers | Number of issues
    53 | 183
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