SSAs ready for structured MTN revival

Volumes of structured MTNs from supranationals and agencies could surge this year as borrowers are eager to issue and investors are warming to new formats.

  • By Kathleen Gallagher
  • 07 Feb 2014

“We aim to focus on our structured arbitrage funding this year,” said Petra Mellor, director in funding at SEK. “We are looking to supplement our benchmark funding by printing more equity-linked, interest rate-linked, and FX-linked bonds this year.”

The borrower raised $2.7bn through structured private placements last year, ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 16,088.76 20 8.73%
2 HSBC 15,210.51 21 8.26%
3 BNP Paribas 13,600.58 19 7.38%
4 Barclays 13,491.76 19 7.32%
5 Goldman Sachs 12,661.40 23 6.87%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 40,045.00 103 11.63%
2 JPMorgan 39,221.51 105 11.39%
3 Bank of America Merrill Lynch 27,965.08 85 8.12%
4 HSBC 26,016.15 67 7.56%
5 Deutsche Bank 23,091.31 54 6.71%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 31,897.22 90 7.68%
2 UniCredit 30,574.73 94 7.36%
3 Goldman Sachs 28,739.59 76 6.92%
4 BNP Paribas 28,348.17 57 6.82%
5 Barclays 26,735.67 65 6.43%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 76,487.85 259 7.33%
2 JPMorgan 75,308.10 436 7.21%
3 HSBC 68,637.67 243 6.57%
4 Bank of America Merrill Lynch 58,095.07 177 5.56%
5 Barclays 53,192.11 171 5.10%