Spain goes big, EIB stays in the shadows

Those making suggestions that the long-end of the market is an unfriendly place for borrowers should think again after Spain’s success in generating a huge book — Eu15bn — and printing its largest-ever single tranche bond, despite the Kingdom’s recent downgrade by Standard & Poor’s. The Eu7bn deal was priced at mid-swaps plus 90bp from early guidance of plus 85bp to 95bp, representing a new issue concession of around 25bp. The European Investment Bank however has only managed Eu2bn for its long awaited 10 year EARN despite the borrower widening the spread to mid-swaps plus 55bp from guidance of 45bp-50bp.

  • 04 Feb 2009

Jo Richards +44 20 7440 6021

Click here for our previous coverage ...

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%