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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
  • 29 Jul 2014
1 Barclays 14,448.25 22 9.84%
2 UniCredit 13,472.74 9 9.18%
3 HSBC 12,714.58 21 8.66%
4 Citi 11,988.19 22 8.17%
5 Intesa Sanpaolo SpA 11,778.39 5 8.03%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Jul 2014
1 Deutsche Bank 24,289.08 62 10.64%
2 JPMorgan 21,393.38 51 9.37%
3 Barclays 20,935.39 48 9.17%
4 HSBC 20,734.93 47 9.08%
5 Citi 19,566.07 45 8.57%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Jul 2014
1 UniCredit 41,814.55 86 10.04%
2 HSBC 34,354.21 81 8.25%
3 Barclays 27,456.81 54 6.59%
4 Deutsche Bank 27,190.23 60 6.53%
5 Goldman Sachs 22,315.96 39 5.36%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Jul 2014
1 HSBC 66,733.04 235 7.49%
2 Deutsche Bank 63,279.75 228 7.10%
3 Barclays 55,542.75 141 6.23%
4 JPMorgan 47,198.10 153 5.30%
5 Citi 45,171.75 120 5.07%
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