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
  • 25 Apr 2017
1 Barclays 8,822.61 13 9.73%
2 Citi 7,368.99 9 8.12%
3 BNP Paribas 7,280.82 10 8.03%
4 HSBC 6,965.75 11 7.68%
5 JPMorgan 6,400.12 9 7.06%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Apr 2017
1 JPMorgan 24,159.92 58 12.48%
2 Citi 21,399.18 54 11.05%
3 HSBC 15,870.20 36 8.20%
4 Deutsche Bank 15,612.00 33 8.06%
5 Barclays 12,611.42 30 6.51%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Apr 2017
1 Barclays 19,895.10 43 9.86%
2 JPMorgan 16,100.70 41 7.98%
3 Bank of America Merrill Lynch 14,715.49 37 7.29%
4 Credit Agricole CIB 13,312.37 36 6.60%
5 HSBC 12,937.56 41 6.41%

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%