Trailblazing EFSF debut sets hot euro tone

The EFSF broke records for interest in its Eu5bn five year debut on Tuesday. With over Eu30bn of orders received before books officially opened the deal was never going to be anything other than a blowout success. The EIB followed with a three year EARN that attracted Eu8bn of orders before books opened on Wednesday morning. With initial whispers around mid-swaps minus 5bp, this deal will now price 3bp tighter. There was also positive economic and auction news from Spain. Are these the first definitive signs of the end of the European sovereign crisis or should peripheral credits like Spain’s Frob, which mandated banks for a transaction this week, be beating a path to investors’ doors to take the cash while the going is good? Read EuroWeek to find out and for full analysis of the EFSF’s landmark deal.

  • 26 Jan 2011

Jo Richards +44 20 7779 7315

Ralph Sinclair +44 20 7779 7317

Stefania Palma +44 20 7779 7318

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 Citi 22,118.13 61 9.00%
2 Barclays 20,987.41 55 8.54%
3 JPMorgan 17,406.75 53 7.08%
4 HSBC 16,333.52 48 6.64%
5 Goldman Sachs 15,454.74 49 6.29%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 Commerzbank Group 114.00 1 66.16%
2 CaixaBank 37.05 1 21.50%
3 UniCredit 10.62 1 6.17%
3 BNP Paribas 10.62 1 6.17%
Subtotal 172.30 3 100.00%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 SG Corporate & Investment Banking 770.06 2 16.80%
2 Goldman Sachs 656.16 2 14.32%
3 JPMorgan 527.28 4 11.50%
4 Emirates NBD PJSC 408.38 1 8.91%
5 Deutsche Bank 321.53 3 7.01%