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
  • 13 Mar 2017
1 JPMorgan 94,925.33 384 8.39%
2 Citi 87,531.58 331 7.74%
3 Bank of America Merrill Lynch 84,341.49 288 7.46%
4 Barclays 75,288.19 241 6.66%
5 Goldman Sachs 68,504.71 208 6.06%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 May 2017
1 Deutsche Bank 19,381.65 47 8.82%
2 Bank of America Merrill Lynch 18,968.25 36 8.63%
3 HSBC 18,103.95 50 8.24%
4 BNP Paribas 8,911.57 55 4.05%
5 SG Corporate & Investment Banking 8,885.00 54 4.04%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 May 2017
1 JPMorgan 8,714.26 35 8.36%
2 UBS 8,283.47 33 7.95%
3 Goldman Sachs 7,736.57 37 7.42%
4 Citi 6,897.11 46 6.62%
5 Bank of America Merrill Lynch 6,215.31 24 5.96%