Long dates in focus as Italy sells linker, UK prints conventional

Long-dated sovereign issuance is at the centre of attention this week as the Republic of Italy sells a Eu3.5bn 2041 linker, the first long-dated inflation bond market has seen since 2005, and the UK issues a 2060 conventional Gilt, which some market participants believe will be much smaller than its syndicated predecessor. In agency territory, we look at KBN’s $1bn five year Eurodollar, Eurofima’s Eu500m 12 year bond and consider the prospects of Unedic’s first transaction since 2005. The French unemployment insurance agency has mandated BNP Paribas, Calyon, HSBC and Natixis to arrange an EMTN programme and the inaugural trade is expected to be launched mid to end November after a comprehensive European roadshow.

  • 21 Oct 2009

Jo Richards +44 20 7779 7315

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 315,127.01 1180 8.93%
2 JPMorgan 287,462.46 1311 8.15%
3 Bank of America Merrill Lynch 283,091.16 983 8.02%
4 Goldman Sachs 215,276.84 707 6.10%
5 Barclays 206,805.33 799 5.86%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 31,971.88 102 6.82%
2 HSBC 31,420.91 141 6.70%
3 Bank of America Merrill Lynch 28,468.55 82 6.07%
4 BNP Paribas 24,740.49 136 5.28%
5 SG Corporate & Investment Banking 22,195.55 122 4.73%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 16,040.76 69 8.23%
2 Morgan Stanley 15,028.69 75 7.71%
3 UBS 14,195.29 55 7.28%
4 Citi 13,827.82 85 7.09%
5 Goldman Sachs 12,113.98 67 6.21%