AFD wins huge book for green bond, prices flat to or through curve

The Agence Française de Développement (AFD) managed to pull its spread in by 6bp from price guidance on its six year green bond issue today, attracting a heavily oversubscribed book full of investors seemingly ready to buy at any price.

  • By Lewis McLellan
  • 08 Nov 2017

That strong execution for a deal that ended up sized at €750m sets an excellent tone for the City of Paris’s sustainability bond issue, scheduled for Thursday.

The City of Paris has mandated Crédit Agricole, HSBC and Société Générale for a 17 year Reg S sustainability ...

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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 11.93%
2 Citi 51,314.15 130 11.46%
3 HSBC 34,944.78 85 7.81%
4 Bank of America Merrill Lynch 33,966.38 103 7.59%
5 Deutsche Bank 29,250.35 70 6.54%

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 93,406.61 316 7.33%
2 JPMorgan 93,202.80 530 7.31%
3 HSBC 80,762.45 290 6.34%
4 Bank of America Merrill Lynch 66,092.39 212 5.19%
5 Barclays 65,839.57 206 5.17%