IFC paves way for further sterling supply

The International Finance Corporation (IFC) returned to the sterling market after a two year absence on Tuesday, opting to court central bank demand with a long two year deal. Sterling syndicate officials are hoping that other issuers will follow the IFC’s lead and take advantage of an improved basis swap into dollars.

  • By Nathan Collins
  • 23 Aug 2013

HSBC, RBC Capital Markets and RBS priced the 0.625% £250m December 2015 notes at 25bp over the 4.75% September 2015 Gilt, in line with guidance at 25bp area. Bankers at the leads declined to disclose the size of the order book.

The pricing was in line with comparable ...

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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%