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 20,475.35 32 10.72%
2 HSBC 16,236.35 23 8.50%
3 Citi 14,240.06 25 7.45%
4 JPMorgan 14,112.19 26 7.39%
5 Goldman Sachs 13,855.60 23 7.25%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 50,245.18 178 11.02%
2 Citi 46,367.72 136 10.17%
3 Bank of America Merrill Lynch 43,140.49 124 9.46%
4 HSBC 39,285.99 103 8.62%
5 Goldman Sachs 31,338.33 72 6.87%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 36,926.88 95 8.54%
2 HSBC 33,060.24 122 7.65%
3 UniCredit 31,974.40 113 7.39%
4 JPMorgan 28,280.84 94 6.54%
5 Credit Agricole CIB 28,083.65 83 6.49%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 05 Dec 2016
1 HSBC 87,294.32 345 7.20%
2 JPMorgan 87,166.16 575 7.19%
3 Citi 78,596.39 270 6.49%
4 Barclays 78,038.93 251 6.44%
5 Bank of America Merrill Lynch 62,913.39 209 5.19%