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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
  • 25 Aug 2015
1 Citi 16,780.09 20 11.94%
2 Barclays 14,502.22 22 10.32%
3 HSBC 12,202.85 20 8.68%
4 JPMorgan 9,622.75 13 6.85%
5 UniCredit 8,815.25 7 6.27%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Aug 2015
1 Bank of America Merrill Lynch 28,604.80 83 11.25%
2 Citi 27,247.99 66 10.72%
3 JPMorgan 25,321.11 65 9.96%
4 HSBC 21,965.89 53 8.64%
5 Goldman Sachs 21,449.10 57 8.44%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Aug 2015
1 Barclays 24,264.70 56 9.54%
2 UniCredit 21,000.98 65 8.25%
3 HSBC 19,766.17 62 7.77%
4 Credit Agricole CIB 17,976.76 43 7.07%
5 Citi 14,005.93 32 5.51%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Aug 2015
1 HSBC 51,991.39 227 7.04%
2 Citi 48,997.09 160 6.63%
3 Barclays 48,448.81 144 6.56%
4 JPMorgan 41,098.73 197 5.56%
5 Deutsche Bank 39,717.21 181 5.38%