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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
  • 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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