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SSA

Swiss buyers support resurgence in SSA market

Swiss franc investors split this week’s primary buying between opposite ends of the credit spectrum, though name recognition and rarity value drove deals of both types. Alongside high yielding corporate paper from Metro and Valora (see separate story), accounts snapped up tightly priced agency paper from Oesterreichische Kontrollbank (OKB) and Kommuninvest.

  • 03 Feb 2012
While the Swiss market has lacked SSA credits lately as low rates have forced borrowers to offer unattractive spreads, OKB grabbed the opportunity to issue a rare floating rate note when two year pricing moved into positive territory. Demand came from money market funds and bank treasuries that ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Barclays 4,515.41 5 13.01%
2 Citi 4,276.11 4 12.32%
3 HSBC 3,451.94 3 9.95%
4 JPMorgan 2,374.15 3 6.84%
5 Credit Agricole CIB 2,274.35 2 6.55%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 6,360.75 14 13.49%
2 Citi 5,184.76 9 11.00%
3 Bank of America Merrill Lynch 4,559.14 9 9.67%
4 HSBC 4,340.91 6 9.21%
5 Deutsche Bank 3,576.06 9 7.58%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 7,308.37 8 10.25%
2 HSBC 6,626.03 11 9.29%
3 Credit Agricole CIB 6,590.98 8 9.24%
4 Citi 4,711.23 5 6.61%
5 Deutsche Bank 4,190.02 9 5.87%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Jan 2015
1 HSBC 11,960.55 28 8.76%
2 Barclays 11,043.59 20 8.09%
3 Citi 10,045.48 16 7.36%
4 JPMorgan 9,070.88 18 6.64%
5 Deutsche Bank 8,676.77 28 6.36%