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SSA

Dutch to set new benchmark point as 20s become the new 30s

The Dutch State Treasury Agency (DSTA) is set to issue its first ever 20 year bond on March 6, becoming the first sovereign to test a maturity that some believe could become a new benchmark point on the curve as a result of Solvency II. The fact that the euro swap curve peaks at 20 years also commends the tenor.

  • 24 Feb 2012

Bankers wonder if the European Union will opt for 20 years for its €3bn transaction which could be launched as early as next week.

"Twenty years is going to attract more interest in the future," said Rom Balax, head of SSA syndicate at Royal Bank of Scotland. "There ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 30 Sep 2014
1 Barclays 16,418.65 24 0.00%
2 Citi 14,473.56 24 0.00%
3 UniCredit 13,472.74 9 0.00%
4 HSBC 13,108.24 24 0.00%
5 Intesa Sanpaolo SpA 11,778.39 5 0.00%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Sep 2014
1 Deutsche Bank 27,820.86 80 9.79%
2 JPMorgan 26,438.60 69 9.30%
3 Bank of America Merrill Lynch 25,622.53 77 9.02%
4 Citi 24,708.12 61 8.69%
5 HSBC 23,536.19 60 8.28%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Sep 2014
1 UniCredit 42,913.82 94 9.28%
2 HSBC 37,086.94 105 8.02%
3 Barclays 33,082.16 61 7.15%
4 Deutsche Bank 31,353.99 66 6.78%
5 SG Corporate & Investment Banking 23,877.00 43 5.16%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Sep 2014
1 Deutsche Bank 180,963.49 652 7.40%
2 HSBC 165,657.68 657 6.78%
3 Barclays 134,773.08 351 5.51%
4 Goldman Sachs 120,992.72 271 4.95%
5 JPMorgan 119,545.70 402 4.89%