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SSA

Sterling SSAs stumble on extension tension

Sterling investors rebelled this week after a pair of supranational and agency borrowers sought to extend from the December 2014 maturity that has been much in fashion in the UK currency this year.

  • 24 Feb 2012

Despite the sterling SSA sector’s recent buoyancy, neither the Asian Development Bank nor Kommunalbanken achieved strong take-up with their December 2015 offerings

"The uptick for investors is only 5bp going out another year," said a DCM banker in London. "Investors would rather focus on the short end."

Heavy dealflow ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Barclays 14,448.25 22 0.00%
2 UniCredit 13,472.74 9 0.00%
3 Citi 12,788.19 23 0.00%
4 HSBC 12,714.58 21 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
  • Today
1 Deutsche Bank 24,921.76 65 10.25%
2 JPMorgan 23,035.87 54 9.48%
3 HSBC 21,732.15 51 8.94%
4 Barclays 20,985.39 49 8.63%
5 Bank of America Merrill Lynch 20,629.90 62 8.49%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 42,081.52 90 4.90%
2 HSBC 34,642.59 93 4.03%
3 Deutsche Bank 28,856.33 63 3.36%
4 Barclays 27,946.59 55 3.25%
5 Goldman Sachs 22,315.96 39 2.60%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 01 Sep 2014
1 HSBC 68,594.74 264 7.17%
2 Deutsche Bank 68,386.22 243 7.15%
3 Barclays 56,263.02 146 5.88%
4 JPMorgan 48,935.28 159 5.12%
5 Citi 48,051.56 134 5.02%