January 15, 2016
The bank moved to the top of the league tables of bookrunners on cross-border bonds in the 12 months to the end of September, from fifth place the previous year. Impressively, it increased the volume of deals it worked on — from $12.9 billion to $13.7 billion, according to Dealogic data — in a year when the total value of deals in the market fell to $93 billion, from $143 billion the previous year. The US bank worked on some of the largest and most innovative deals in the period, including a ground-breaking transaction for the Dominican Republic, a one-day switch tender for Oi and several deals for Mexico’s Pemex, during the awards period.
The year was characterized by brief opportunities fo
As a lack of issuance from Brazilian borrowers last year drove bond volumes across the region down to their lowest levels since 2009, Bank of America-Merrill Lynch emerged to lead debt capital markets activity