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
  • 26 Jul 2016
1 Barclays 14,218.72 21 10.38%
2 HSBC 11,272.72 16 8.23%
3 Citi 10,808.29 18 7.89%
4 JPMorgan 10,753.73 18 7.85%
5 SG Corporate & Investment Banking 9,437.57 14 6.89%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Jul 2016
1 JPMorgan 36,063.23 104 12.02%
2 Bank of America Merrill Lynch 27,411.20 77 9.13%
3 Citi 26,519.21 75 8.84%
4 HSBC 24,430.95 64 8.14%
5 Goldman Sachs 21,958.75 48 7.32%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Jul 2016
1 Barclays 30,583.93 69 9.27%
2 UniCredit 25,243.81 84 7.65%
3 HSBC 25,051.87 83 7.59%
4 JPMorgan 22,775.48 67 6.90%
5 Credit Agricole CIB 22,352.51 60 6.77%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Jul 2016
1 JPMorgan 65,126.80 347 7.87%
2 HSBC 58,807.44 223 7.11%
3 Barclays 57,929.30 171 7.00%
4 Citi 51,849.52 166 6.27%
5 Bank of America Merrill Lynch 42,670.43 134 5.16%