IFC hits sub-Libor target as investors lap up SSAs

The International Finance Corporation became the first supranational to achieve sub-Libor funding for a five year bond since 2008 when it issued a $2bn global on Monday. The deal highlighted the strong demand for SSA product at the short end of the dollar curve.

  • 08 Apr 2011

The European Investment Bank was also able to take advantage of the appetite for short dated triple-A assets, issuing a $4bn three year deal.

And next week’s trades — most probably coming in the last issuance window before Easter — could include a three or five year issue from ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 17,773.39 25 9.05%
2 HSBC 16,094.53 24 8.19%
3 BNP Paribas 14,513.99 21 7.39%
4 Barclays 14,014.48 21 7.13%
5 Goldman Sachs 13,328.33 24 6.78%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 45,626.01 111 11.54%
2 Citi 45,298.31 115 11.46%
3 HSBC 31,954.47 73 8.08%
4 Bank of America Merrill Lynch 31,646.56 91 8.01%
5 Deutsche Bank 25,336.01 60 6.41%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 32,254.14 93 7.35%
2 UniCredit 31,545.41 101 7.19%
3 BNP Paribas 30,965.57 63 7.06%
4 Goldman Sachs 30,813.44 79 7.02%
5 Barclays 28,821.98 69 6.57%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 85,921.52 293 7.43%
2 JPMorgan 84,566.67 476 7.31%
3 HSBC 75,298.30 255 6.51%
4 Bank of America Merrill Lynch 62,436.52 190 5.40%
5 Goldman Sachs 58,162.93 154 5.03%