KfW revives Aussie bank bid while BNG reopens Euro-Oz

The positive sentiment that has driven the SSA market so far this year in core currencies has finally reached Australia. KfW priced a A$500m no-grow Kangaroo tap of its 2018s on the back of normalising sovereign supranational and agency spreads. Meanwhile, Bank Nederlandse Gemeenten (BNG) issued a reverse enquiry-driven A$100m 5.625% five year EMTN.

  • 10 Feb 2012
"The Australian dollar market has been slower than the core in picking up positive sentiment this year," said Klaus-Peter Eitel, vice president, capital markets, at KfW. "In the euro and US dollar markets, there was strong momentum at the beginning of January, while spreads in the Australian dollar ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 21 Mar 2017
1 Barclays 7,850.85 11 9.64%
2 BNP Paribas 7,280.82 10 8.94%
3 JPMorgan 6,400.12 9 7.86%
4 Citi 6,397.23 7 7.85%
5 HSBC 5,782.53 9 7.10%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 JPMorgan 70,638.94 233 5.64%
2 Citi 64,455.74 181 5.14%
3 Bank of America Merrill Lynch 52,697.88 159 4.20%
4 HSBC 50,839.31 131 4.06%
5 Goldman Sachs 40,980.07 92 3.27%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Mar 2017
1 Barclays 16,973.44 36 9.52%
2 JPMorgan 15,109.82 32 8.47%
3 Bank of America Merrill Lynch 12,986.53 29 7.28%
4 Credit Agricole CIB 12,729.79 30 7.14%
5 BNP Paribas 11,479.52 24 6.44%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 JPMorgan 38,272.69 159
2 Citi 31,489.91 112
3 Barclays 29,902.18 73
4 HSBC 27,124.22 95
5 Deutsche Bank 26,280.34 101