Asfinag 20 year falters in market turbulence

Asfinag braved one of the most volatile days of the year to price a €750m 2.75% 20 year transaction on Tuesday, opting to go ahead with the trade to avoid having to raise its €2bn borrowing requirement in one hit after the summer.

  • By Ralph Sinclair
  • 13 Jun 2013


Twenty years is the longest maturity attempted by a European agency this year and the fact that the deal did not reach full subscription and traded down in the aftermarket highlights investor nervousness at the unstable rate picture. 

Bankers not involved with the trade were surprised by the ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 23 May 2017
1 Barclays 10,691.12 15 8.76%
2 BNP Paribas 10,516.31 14 8.62%
3 Citi 10,121.17 12 8.30%
4 HSBC 9,193.03 13 7.53%
5 JPMorgan 8,809.30 12 7.22%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 27,458.36 68 11.61%
2 Citi 26,683.60 67 11.28%
3 Deutsche Bank 17,545.97 37 7.42%
4 HSBC 17,247.37 43 7.29%
5 Bank of America Merrill Lynch 16,389.99 50 6.93%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 May 2017
1 JPMorgan 22,518.92 50 8.33%
2 BNP Paribas 21,790.92 38 8.06%
3 Barclays 21,543.33 50 7.97%
4 HSBC 19,548.33 56 7.23%
5 UniCredit 18,534.46 46 6.86%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 03 Apr 2017
1 JPMorgan 39,067.52 180 8.50%
2 Citi 32,458.25 115 7.06%
3 Barclays 30,658.65 76 6.67%
4 Deutsche Bank 29,302.58 107 6.38%
5 HSBC 28,071.48 101 6.11%