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 18,481.15 26 8.87%
2 HSBC 16,094.53 24 7.73%
3 BNP Paribas 15,919.65 22 7.64%
4 Barclays 15,336.60 24 7.36%
5 Goldman Sachs 14,733.99 25 7.07%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 53,463.63 126 11.60%
2 Citi 52,833.87 135 11.46%
3 HSBC 36,135.69 91 7.84%
4 Bank of America Merrill Lynch 34,198.88 105 7.42%
5 Deutsche Bank 31,628.48 76 6.86%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 34,793.50 122 7.24%
2 HSBC 34,778.70 117 7.24%
3 Barclays 32,929.25 80 6.85%
4 Goldman Sachs 31,906.26 88 6.64%
5 BNP Paribas 31,635.81 68 6.58%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 95,819.56 331 7.31%
2 JPMorgan 93,889.82 550 7.17%
3 HSBC 82,271.52 300 6.28%
4 Barclays 67,249.07 214 5.13%
5 Bank of America Merrill Lynch 66,602.63 218 5.08%