Decoupling takes hold as Italy plots 2013 syndication

Signs that decoupling has taken hold within the eurozone periphery were clearer than ever this week, as Italy’s plans for a return to the syndicated bond markets threw into stark relief sovereigns’ differing levels of market access.

  • 16 Nov 2012
Mass protests against austerity measures swept across the region — with general strikes causing chaos in Spain and Portugal and violence also seen on streets in Greece and Italy. But while the public anger against worsening conditions looked uniform, the Italian sovereign strove to set itself apart in ...

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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 8.76%
2 HSBC 15,210.51 21 8.29%
3 BNP Paribas 13,465.23 18 7.34%
4 Barclays 13,356.41 18 7.28%
5 Goldman Sachs 12,526.05 22 6.82%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 39,420.00 102 11.55%
2 JPMorgan 39,096.51 104 11.46%
3 Bank of America Merrill Lynch 27,865.54 84 8.17%
4 HSBC 25,391.15 66 7.44%
5 Deutsche Bank 22,341.31 52 6.55%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 31,814.43 89 7.68%
2 UniCredit 30,574.73 94 7.38%
3 Goldman Sachs 28,577.41 75 6.90%
4 BNP Paribas 28,185.99 56 6.80%
5 SG Corporate & Investment Banking 26,540.51 60 6.40%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 75,862.85 258 7.31%
2 JPMorgan 75,020.92 434 7.22%
3 HSBC 67,929.89 241 6.54%
4 Bank of America Merrill Lynch 57,995.54 176 5.59%
5 Barclays 52,822.14 168 5.09%