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
  • 14 Feb 2017
1 BNP Paribas 6,383.50 6 10.97%
2 Citi 5,615.05 5 9.65%
3 Barclays 5,241.21 6 9.01%
4 JPMorgan 4,317.04 5 7.42%
5 Credit Agricole CIB 4,123.38 4 7.08%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Feb 2017
1 JPMorgan 11,580.75 25 12.48%
2 Citi 9,407.37 22 10.14%
3 TD Securities Inc 9,024.40 19 9.73%
4 HSBC 6,865.51 16 7.40%
5 Goldman Sachs 6,835.05 12 7.37%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Feb 2017
1 Barclays 10,009.40 21 8.35%
2 JPMorgan 9,983.41 19 8.32%
3 BNP Paribas 9,471.18 12 7.90%
4 Bank of America Merrill Lynch 9,171.89 17 7.65%
5 HSBC 8,728.81 22 7.28%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Feb 2017
1 JPMorgan 23,951.42 92 9.43%
2 Citi 21,880.48 63 8.62%
3 Barclays 17,914.28 44 7.05%
4 HSBC 17,636.92 55 6.94%
5 Bank of America Merrill Lynch 14,045.26 39 5.53%