Luxembourg lurks as Bernanke QE call puts SSA market on hold

Luxembourg looks set to defy consensus and bring a new bond issue next week. Other SSA borrowers are understandably reluctant to do so, with uncertainty set to grip the market at least until Wednesday’s Federal Open Market Committee meeting.

  • By Ralph Sinclair
  • 13 Jun 2013

Luxembourg will meet investors in London on Monday and the outcome of those and other meetings will decide the sovereign’s choice of maturity, although it is said to favour a 10 year euro deal.

Other issuers look set to wait for Federal Reserve chairman Ben Bernanke’s comments to ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 21 Mar 2017
1 Barclays 7,850.85 11 9.64%
2 BNP Paribas 7,280.82 10 8.94%
3 JPMorgan 6,400.12 9 7.86%
4 Citi 6,397.23 7 7.85%
5 HSBC 5,782.53 9 7.10%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 JPMorgan 70,638.94 233 5.64%
2 Citi 64,455.74 181 5.14%
3 Bank of America Merrill Lynch 52,697.88 159 4.20%
4 HSBC 50,839.31 131 4.06%
5 Goldman Sachs 40,980.07 92 3.27%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Mar 2017
1 Barclays 16,973.44 36 9.52%
2 JPMorgan 15,109.82 32 8.47%
3 Bank of America Merrill Lynch 12,986.53 29 7.28%
4 Credit Agricole CIB 12,729.79 30 7.14%
5 BNP Paribas 11,479.52 24 6.44%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 JPMorgan 38,272.69 159
2 Citi 31,489.91 112
3 Barclays 29,902.18 73
4 HSBC 27,124.22 95
5 Deutsche Bank 26,280.34 101