Short is sweet — the continuing mantra of the dollar market

Dollar issuance is still focused on two and three years as the yield curve continues to steepen. The Asian Development Bank’s $1bn three year global was well received, the book reaching $1.2bn in the space of five hours despite the deal being priced flat to its outstanding February 2011s at mid-swaps plus 25bp. But KfW printed only $2bn in its two year global at plus 30bp rather than the $3bn plus the issuer had hoped to raise. Cades is now in the market with a two year Eurodollar bond, also at plus 30bp. Is the appeal of the big borrowers wearing thin despite the generous spreads on offer? Read this week’s EuroWeek to get market opinions.

  • 04 Feb 2009
Jo Richards +44 20 7440 6021 ...

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%