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SSA

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Top stories

  • Draghi urgency peps periphery ahead of Italian auctions

    It might not quite rank with his “whatever it takes” speech from 2012 in terms of slashing eurozone periphery sovereign yields, but European Central Bank president Mario Draghi’s claim on Friday that the central bank will do “what we must to raise inflation and inflation expectations as fast as possible” had an instant effect on periphery performance. Italy is first in line to benefit, with a series of sales lined up for next week.

    • 21 Nov 2014
  • Funding scorecard: Sovereigns

    Read on to find out how much funding European sovereigns have left to do in the final quarter of the year.

    • 21 Nov 2014
  • Secondary pricing update: featuring KfW's dollar whopper

    Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Thursday's close. The source for secondary trading levels is Interactive Data.

    • 21 Nov 2014
  • EBRD nips in for $1bn after World Bank epic

    A short window of issuance is open for borrowers with dollar benchmarks to do ahead of the Thanksgiving holiday next week that heralds the traditional close of the market.

    • 20 Nov 2014
  • Ico hopes for swift sterling return after first deal since 2010

    After a lengthy absence from sterling, Instituto de Crédito Oficial is keen to reestablish itself as a permanent name in the currency. The Spanish agency sold its first new issue in the sterling bond market in five years this week, while Finland came soon after with a five year.

    • 20 Nov 2014
  • Cabei comes back for longer dated Swiss

    The Central American Bank for Economic Integration (Cabei) tapped the Swiss franc market for the second time in less than two weeks on Wednesday with a Sfr115m ($120m) long eight year.

    • 20 Nov 2014
  • Record demand for 10y tranche as MoF CNH auction sees curve flatten

    China’s Ministry of Finance’s (MoF) second auction of offshore China government bonds (CGBs) this year priced in line with market predictions on Thursday, with the curve flattening from the previous auction in May on the back of easing expectations, and spreads narrowing versus onshore paper. Particularly notable was the demand for the three and 10 year tranches, resulting in subscription levels of 4.32 times and 3.85 times, respectively.

    • 21 Nov 2014
  • Auctions set to provide bulk of euro supply as ESM shuns deal window

    Auctions will be the main source of euro issuance from sovereigns, supranationals and agencies for the rest of the year, after the European Stability Mechanism this week opted against sounding banks for a syndication during its last deal window next week. But the market was strong for issuers that did come this week, with a pair of deals priced at the tight end of initial price thoughts.

    • 20 Nov 2014
  • African private placements to flourish within the next year

    MTN issuance in Africa could be set for a boom over the next six to 12 months, as dealers receive an increasing number of reverse enquiries.

    • 20 Nov 2014
  • French region unveils debut MTN

    France's Région Bretagne printed its first ever medium term note on Wednesday, in a move to diversify its investor base and achieve more competitive terms on its debt.

    • 20 Nov 2014

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Nov 2014
1 HSBC 83,488.73 345 6.77%
2 Deutsche Bank 81,383.00 301 6.60%
3 Barclays 69,677.37 183 5.65%
4 Citi 64,799.88 188 5.25%
5 JPMorgan 60,152.73 226 4.88%

More SSA league tables

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 18 Nov 2014
1 HSBC 16,735.50 31 8.29%
2 Barclays 16,580.04 26 8.21%
3 Citi 15,501.15 27 7.68%
4 UniCredit 13,844.60 10 6.86%
5 SG Corporate & Investment Banking 12,837.81 18 6.36%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Nov 2014
1 Deutsche Bank 32,534.36 92 5.02%
2 Citi 29,743.70 75 4.59%
3 JPMorgan 29,125.70 80 4.50%
4 Bank of America Merrill Lynch 28,744.08 92 4.44%
5 Goldman Sachs 27,719.08 66 4.28%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Nov 2014
1 UniCredit 46,641.85 107 9.09%
2 HSBC 39,699.62 119 7.74%
3 Barclays 35,017.10 70 6.82%
4 Deutsche Bank 32,934.70 69 6.42%
5 SG Corporate & Investment Banking 27,997.53 51 5.46%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Nov 2014
1 HSBC 83,488.73 345 6.77%
2 Deutsche Bank 81,383.00 301 6.60%
3 Barclays 69,677.37 183 5.65%
4 Citi 64,799.88 188 5.25%
5 JPMorgan 60,152.73 226 4.88%