Slovenia 144A debut opens up market options

A barnstorming 144A debut by the Republic of Slovenia this week has afforded the issuer the opportunity to mull its options in a variety of other currencies. This is a remarkable turnaround for a borrower whose 10 year euro yields spiked north of 7% over the summer on speculation that it would be the next country to take a European Union bail-out. The deal is the latest of a spate of central and eastern European sovereigns tapping dollars in highly successful trades this year.

  • 26 Oct 2012
Slovenia’s trade — a $2.25bn 10 year that attracted more than $11bn of orders before it was priced last Friday (October 19) — has not only traded strongly in secondaries this week, but brought down Slovenia’s euro curve with it. This has opened up the borrower to markets ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 17,773.39 25 9.05%
2 HSBC 16,094.53 24 8.19%
3 BNP Paribas 14,513.99 21 7.39%
4 Barclays 14,014.48 21 7.13%
5 Goldman Sachs 13,328.33 24 6.78%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 46,791.16 113 11.72%
2 Citi 45,464.82 116 11.39%
3 HSBC 32,120.98 74 8.05%
4 Bank of America Merrill Lynch 31,796.56 92 7.97%
5 Deutsche Bank 25,336.01 60 6.35%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 32,369.73 94 7.29%
2 UniCredit 31,868.36 105 7.18%
3 Goldman Sachs 31,008.65 80 6.99%
4 BNP Paribas 30,965.57 63 6.98%
5 Barclays 30,125.25 71 6.79%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 85,921.52 293 7.36%
2 JPMorgan 85,692.63 478 7.34%
3 HSBC 75,413.89 256 6.46%
4 Bank of America Merrill Lynch 62,586.52 191 5.36%
5 Barclays 59,041.67 186 5.06%