Euro benchmark season closes with high-octane EU trade

The €3bn 15 year deal from the European Union could be the last large euro benchmark of 2012, say SSA bankers struggling to find candidates willing to issue this side of Christmas. Those that still need cash are focused on the dollar market and those that don’t have little incentive to pre-fund.

  • 26 Oct 2012

"The EIB is done and already pre-funding and KfW is within €3bn-€4bn of completing their programme so I can’t see what comes next," said a head of SSA debt capital markets.

Bankers believe KfW may do something opportunistic and expect the EIB to issue a few taps across the ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 09 May 2017
1 Barclays 8,822.61 13 9.07%
2 Citi 8,720.21 11 8.97%
3 BNP Paribas 8,107.13 11 8.34%
4 HSBC 7,792.06 12 8.01%
5 JPMorgan 6,400.12 9 6.58%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 15 May 2017
1 JPMorgan 25,552.69 63 5.96%
2 Citi 24,119.11 60 5.63%
3 Deutsche Bank 17,545.97 37 4.09%
4 HSBC 16,628.60 40 3.88%
5 Barclays 13,251.34 33 3.09%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 09 May 2017
1 Barclays 20,074.83 45 4.44%
2 JPMorgan 19,043.02 43 4.21%
3 BNP Paribas 17,726.77 29 3.92%
4 Bank of America Merrill Lynch 14,783.86 38 3.27%
5 HSBC 14,593.04 47 3.22%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 03 Apr 2017
1 JPMorgan 39,067.52 180 8.50%
2 Citi 32,458.25 115 7.06%
3 Barclays 30,658.65 76 6.67%
4 Deutsche Bank 29,302.58 107 6.38%
5 HSBC 28,071.48 101 6.11%