Portugal bail-out fails to calm periphery restructuring fears

The bail-out Portugal’s caretaker government is seeking does little to solve its fundamental solvency problem and merely adds to its unmanageable debt burden.

  • 08 Apr 2011
That was the stark message from bankers and analysts on Thursday night, responding to the government’s long-awaited capitulation on Wednesday, when prime minister José Socrates announced that Portugal would seek external assistance in response to what bankers said was immense pressure put on the government by the country’s ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 16,088.76 20 8.73%
2 HSBC 15,210.51 21 8.26%
3 BNP Paribas 13,600.58 19 7.38%
4 Barclays 13,491.76 19 7.32%
5 Goldman Sachs 12,661.40 23 6.87%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 40,395.00 104 11.69%
2 JPMorgan 39,421.51 106 11.41%
3 Bank of America Merrill Lynch 28,165.08 86 8.15%
4 HSBC 26,016.15 67 7.53%
5 Deutsche Bank 23,091.31 54 6.68%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 31,938.44 91 7.68%
2 UniCredit 30,615.95 95 7.36%
3 Goldman Sachs 28,739.59 76 6.91%
4 BNP Paribas 28,348.17 57 6.82%
5 Barclays 26,617.69 64 6.40%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 76,927.45 261 7.33%
2 JPMorgan 75,508.10 437 7.19%
3 HSBC 68,678.90 244 6.54%
4 Bank of America Merrill Lynch 58,336.30 179 5.56%
5 Barclays 53,257.86 172 5.07%