EDC hits home in threes

Export Development Canada showed on Wednesday that despite some big deals this year in fives, there is still plenty of demand in the three year part of the dollar curve as it took the rare step of increasing a deal from its initial size target. The trade came as a trio of other dollar deals hit screens.

  • By Craig McGlashan
  • 11 Jan 2017

Leads Bank of America Merrill Lynch, BNP Paribas, Deutsche Bank and Goldman Sachs sold a $1.25bn January 2020 global benchmark for EDC at 4bp over mid-swaps, having earlier moved through a series of guidance steps.

After mandating for a $1bn trade with initial price ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 15,385.63 18 9.46%
2 HSBC 13,772.74 20 8.47%
3 Barclays 12,759.91 17 7.84%
4 BNP Paribas 12,627.67 17 7.76%
5 UniCredit 10,414.96 14 6.40%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 35,935.40 91 12.05%
2 JPMorgan 32,405.66 89 10.86%
3 Bank of America Merrill Lynch 23,275.56 73 7.80%
4 HSBC 23,085.62 57 7.74%
5 Deutsche Bank 20,925.41 48 7.01%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 28,279.55 84 7.61%
2 HSBC 27,234.93 81 7.33%
3 BNP Paribas 26,644.13 51 7.17%
4 JPMorgan 25,780.28 74 6.94%
5 Goldman Sachs 25,705.53 67 6.92%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 68,146.64 237 7.47%
2 JPMorgan 67,044.81 393 7.35%
3 HSBC 58,695.84 218 6.44%
4 Bank of America Merrill Lynch 49,828.14 157 5.47%
5 Barclays 49,497.84 151 5.43%