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  • April 17 2014
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 %
1 UniCredit 12,276.71 7 13.03%
2 Intesa Sanpaolo SpA 11,468.88 4 12.17%
3 Citi 8,968.55 15 9.52%
4 Barclays 8,952.26 14 9.50%
5 SG Corporate & Investment Banking 6,394.84 9 6.79%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
1 Deutsche Bank 16,594.01 38 0.00%
2 Barclays 14,014.50 30 0.00%
3 HSBC 13,666.53 31 0.00%
4 Citi 13,663.67 31 0.00%
5 Goldman Sachs 13,105.85 28 0.00%

bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
1 UniCredit 31,236.80 50 0.00%
2 HSBC 19,732.49 33 0.00%
3 Barclays 18,220.17 26 0.00%
4 SG Corporate & Investment Banking 16,061.97 26 0.00%
5 Intesa Sanpaolo SpA 16,054.27 5 0.00%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
1 HSBC 41,533.76 125 7.71%
2 Deutsche Bank 38,937.97 125 7.23%
3 Barclays 35,408.99 78 6.57%
4 UniCredit 31,835.10 52 5.91%
5 Citi 29,995.62 72 5.57%