BNG in the news

  • UK DMO picks tenor as sterling supply falls just shy of record

    The UK Debt Management Office has picked the maturity and timing for a scheduled bond sale later this month. Elsewhere in sterling, a pair of issuers added deals to a bumper opening week that fell just short of a record.

    • 06 Jan 2017
  • Generous concessions bring rewards in euros as curve shortens

    Four sovereign, supranational and agency borrowers came to market for euros in the opening week of 2017, showcasing the market’s depth and flexibility. But the torrent of supply has meant that issuers haven’t had it all their own way.

    • 05 Jan 2017
  • Super hot SSA sterling close to record opener

    Searing conditions in the sterling market could lead to a record opening week of SSA issuance in the currency as a pair of issuers lined up deals for Friday — despite this only being a four day week.

    • 05 Jan 2017
  • SSAs strike cautious note despite strong pipeline

    SSA borrowers have wasted no time in approaching the primary market this year and the early pipeline appears strong. But as buoyant as conditions appear, there was evidence to suggest investors will not be buying everything thrown their way at any old price.

    • 04 Jan 2017
  • Trump-induced volatility may be here to stay

    Violent volatility as bond investors adapted to a new rates landscape following the election of Donald Trump as US president quelled demand for public sector paper this week, with one issuer understood to have opted against bringing a planned deal. There is hope that calm will return in time for the January funding rush — but some fear the president-elect represents a continuous risk to market harmony.

    • 17 Nov 2016
  • BNG USD600m 1.625% Nov 19 sustainability bond

    • 17 Nov 2016
  • SSAs put mandates on hold amid Trump turmoil

    High volatility in the wake of Donald Trump’s shock win of last week’s US presidential election is likely to halt supply of euro or dollar deals for the next few days, said bankers.

    • 14 Nov 2016
  • BNG prepares debut dollar sustainability bond

    Bank Nederlandse Gemeenten is set to hold investors calls for what will be its first sustainability bond to be denominated in dollars.

    • 03 Nov 2016
  • SSAs take aim at distant maturities

    Euro issuance this week is very much focused on long dated bonds, with Bank Nederlandse Gemeenten printing a 20 year syndication on Monday and other European agencies and sovereigns looking to tap the long end of the curve via auctions.

    • 17 Oct 2016
  • Rare investor shows up for Dutch duo in 'Roo market

    Bank Nederlandse Gemeenten and Nederlandse Waterschapsbank were stunned by the scale of reverse enquiry for taps to their Kangaroo notes on Tuesday, with a rare Japanese investor driving both deals to double the size of any previous tap to their respective 10 year lines.

    • 04 Oct 2016
  • Funding scorecard: European supranationals and agencies

    This week's funding scorecard looks at the progress European supranationals and agencies have made with their funding programmes.

    • 16 Sep 2016
  • BNG grabs short dollars to finish benchmark task

    Bank Nederlandse Gemeenten printed $1.5bn of two year paper on Tuesday in a move which finishes off its benchmark activity for the year.

    • 13 Sep 2016
  • How low can euro go? SSAs to rip up plans

    A dance of low yield limbo is forcing public sector borrowers to rewrite their autumn funding plans as crushed rates have made the short end of the euro curve all but inaccessible. Lewis McLellan reports.

    • 25 Aug 2016
  • Jumbos return as market readies for September rush

    The European Investment Bank returned to capital markets with a splash on Tuesday, indicating that, what passed for 2016’s summer break is coming to an end.

    • 24 Aug 2016
  • SSA borrowers bounce back for busy month

    With the hree new issues in the market this week progressing well, the SSA market seems to have put Brexit chaos in the past and returned to business as usual.

    • 06 Jul 2016

Dealer League Table BNG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 262.90 1 15.09%
1 JPMorgan 262.90 1 15.09%
1 Citi 262.90 1 15.09%
1 Bank of America Merrill Lynch 262.90 1 15.09%
5 Rabobank 136.40 1 7.83%

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 Morgan Stanley 1,158.55 2 14.54%
1 JPMorgan 1,158.55 2 14.54%
1 HSBC 1,158.55 2 14.54%
4 Bank of America Merrill Lynch 1,018.09 1 12.78%
5 Danske Bank 662.83 1 8.32%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 Goldman Sachs 3,533.69 6 12.02%
2 JPMorgan 3,387.74 5 11.52%
3 HSBC 3,118.62 6 10.60%
4 Citi 3,063.28 6 10.42%
5 TD Securities Inc 2,869.30 6 9.76%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 10 Jan 2017
1 JPMorgan 3,111.53 5 17.78%
2 Bank of America Merrill Lynch 2,735.23 4 15.63%
3 HSBC 2,589.66 3 14.80%
4 LBBW 2,024.41 4 11.57%
5 Barclays 1,213.11 3 6.93%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 HSBC 8,562.94 16 11.90%
2 JPMorgan 7,530.41 18 10.46%
3 Barclays 7,389.83 18 10.27%
4 Bank of America Merrill Lynch 6,234.66 16 8.66%
5 Citi 4,953.38 17 6.88%