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
  • 10 Jan 2017
1 Bank of America Merrill Lynch 1,018.09 1 10.19%
2 Morgan Stanley 662.83 1 6.63%
2 JPMorgan 662.83 1 6.63%
2 HSBC 662.83 1 6.63%
2 Danske Bank 662.83 1 6.63%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 3,533.69 6 12.02%
2 JPMorgan 3,387.74 5 11.52%
3 HSBC 3,118.62 6 10.60%
4 Citi 3,063.28 6 10.42%
5 TD Securities Inc 2,869.30 6 9.76%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 10 Jan 2017
1 JPMorgan 3,111.53 5 17.78%
2 Bank of America Merrill Lynch 2,735.23 4 15.63%
3 HSBC 2,589.66 3 14.80%
4 LBBW 2,024.41 4 11.57%
5 Barclays 1,213.11 3 6.93%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 HSBC 8,562.94 16 11.90%
2 JPMorgan 7,530.41 18 10.46%
3 Barclays 7,389.83 18 10.27%
4 Bank of America Merrill Lynch 6,234.66 16 8.66%
5 Citi 4,953.38 17 6.88%