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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
  • 09 Sep 2014
1 Barclays 14,733.28 23 9.02%
2 UniCredit 13,472.74 9 8.25%
3 HSBC 12,999.61 22 7.96%
4 Citi 12,788.19 23 7.83%
5 Intesa Sanpaolo SpA 11,778.39 5 7.21%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 26,374.87 71 9.95%
2 JPMorgan 24,348.44 58 9.19%
3 Bank of America Merrill Lynch 23,446.15 69 8.85%
4 HSBC 23,287.18 58 8.79%
5 Citi 22,494.10 53 8.49%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 09 Sep 2014
1 UniCredit 42,462.44 92 9.70%
2 HSBC 34,871.75 95 7.96%
3 Deutsche Bank 29,617.85 64 6.76%
4 Barclays 28,012.25 56 6.40%
5 Credit Agricole CIB 23,050.67 48 5.26%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 15 Sep 2014
1 HSBC 72,626.10 285 7.15%
2 Deutsche Bank 72,255.92 252 7.12%
3 Barclays 59,460.42 152 5.86%
4 Citi 50,643.72 144 4.99%
5 JPMorgan 50,295.48 164 4.95%