KfW lands short dated euros; EU lining up at long end

The European Union (EU) is set to tap an April 2031 line on Wednesday, coming on the heels of KfW five year benchmark on Tuesday, that raised €3bn.

  • By Lewis McLellan
  • 17 Oct 2017

The EU has picked Barclays, HSBC and UniCredit to run the books for a €300m no grow tap of its 0.75% April 2031 bond. 

The line has €2.86bn outstanding and was last opened for a €600m tap in March.

The supranational will hope to emulate KfW’s success ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 18,481.15 26 8.94%
2 HSBC 16,094.53 24 7.78%
3 BNP Paribas 15,919.65 22 7.70%
4 Barclays 15,034.43 23 7.27%
5 Goldman Sachs 14,733.99 25 7.12%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 53,381.13 125 11.91%
2 Citi 51,314.15 130 11.44%
3 HSBC 34,944.78 85 7.79%
4 Bank of America Merrill Lynch 33,966.38 103 7.58%
5 Deutsche Bank 29,250.35 70 6.52%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 34,435.93 113 7.30%
2 UniCredit 33,423.92 115 7.09%
3 Barclays 32,006.38 77 6.79%
4 Goldman Sachs 31,731.55 86 6.73%
5 BNP Paribas 31,535.13 67 6.69%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 93,456.61 317 7.32%
2 JPMorgan 93,323.26 535 7.31%
3 HSBC 80,762.45 290 6.33%
4 Barclays 66,264.15 207 5.19%
5 Bank of America Merrill Lynch 66,092.39 212 5.18%