Gilt yields drop ahead of Sept syndication as BoE holds steady

Gilt yields dropped on Thursday after the Bank of England’s Monetary Policy Committee voted 6-2 to hold the Bank Rate at 0.25% — a higher majority than the 5-3 in favour of holding at its last meeting in June. The more dovish result came after weeks of hawkish noises emanating from the central bank. Meanwhile, the Province of Alberta returned to the sterling market to tap its debut issue from earlier this year.

  • By Craig McGlashan
  • 03 Aug 2017
The fall in Gilt yields could lead to cheaper borrowing costs when the UK Debt Management Office holds its next syndication, which is planned for the first half of September and will be of a conventional bond in the 40 year area or longer. The yield on the ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 15 Aug 2017
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
  • 15 Aug 2017
1 Citi 35,350.37 89 11.90%
2 JPMorgan 32,405.66 89 10.91%
3 HSBC 23,085.62 57 7.77%
4 Bank of America Merrill Lynch 22,774.13 72 7.67%
5 Deutsche Bank 20,925.41 48 7.04%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 15 Aug 2017
1 UniCredit 27,882.50 83 7.54%
2 HSBC 26,837.88 80 7.26%
3 BNP Paribas 26,644.13 51 7.21%
4 JPMorgan 25,780.28 74 6.97%
5 Goldman Sachs 25,705.53 67 6.95%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Aug 2017
1 Citi 67,442.22 233 7.48%
2 JPMorgan 66,663.61 382 7.39%
3 HSBC 58,185.06 216 6.45%
4 Barclays 49,495.16 150 5.49%
5 Bank of America Merrill Lynch 48,974.55 153 5.43%