EBRD in the news

  • World Bank, EBRD bring dollars before expected Fed move

    A pair of supranational issuers nipped in on Tuesday with what are likely to be the final dollar deals of the week before a Federal Open Market Committee meeting on Wednesday — where futures prices suggest an overwhelming likelihood that the Federal Reserve’s target rate will rise.

    • 14 Mar 2017
  • World Bank and EBRD line up in dollars

    Two supranationals will share the three year dollar market on Tuesday, moving in ahead of the US Federal Reserve meeting on Wednesday, which is expected to lead to a rise in US interest rates.

    • 13 Mar 2017
  • Funding scorecard: supranationals

    This week's scorecard looks at the progress supranationals have made with their funding programmes this year.

    • 10 Mar 2017
  • Development banks to ramp up EM SRI bond support

    Multilateral development banks will focus more on providing credit enhancement and support to help small, emerging market borrowers bring their green bonds to market, according to the head of climate change at the European Investment Bank. Meanwhile, a French region visited the green market on Tuesday.

    • 07 Mar 2017
  • EBRD USD1.25bn 2.125% Mar 22

    • 02 Mar 2017
  • SSAs enjoy ‘Goldilocks’ conditions in dollars, as March Fed hike looms

    US President Donald Trump’s first speech to Congress, a remarkable switch in Federal Reserve rate expectations and swap spreads falling from their early week highs all failed to derail a stellar week for public sector dollar issuance. More trades are expected to come next week, before the market quiets ahead of the Fed’s next rate decision and a Dutch general election where the far-right Party for Freedom (PVV) is expected to perform well.

    • 02 Mar 2017
  • Trump speech fails to tarnish stellar SSA conditions

    Market participants have grown used to US president Donald Trump’s ability to shift markets and induce volatility with only 140 characters, but Tuesday’s address to Congress appears to have been digested without spoiling the mood in SSAs.

    • 01 Mar 2017
  • KfW, EBRD blast through in dollars, more tipped to come

    KfW and the European Bank for Reconstruction and Development took full advantage of a strong environment to sell dollar benchmarks on Tuesday. Further dollar issuance is rumoured this week — with conditions so good that deals may come despite potential volatility from US president Donald Trump making his first speech to Congress during the New York evening on Tuesday night.

    • 28 Feb 2017
  • BoE gets $2bn as EBRD and KfW line up

    The public sector dollar market is showing a few signs of life this week as KfW and the European Bank for Reconstruction and Development picked banks for benchmarks, while the Bank of England launched its annual foray in the currency.

    • 27 Feb 2017
  • Funding scorecard: Supranationals

    This week's funding scorecard looks at the funding progress supranationals have made in their funding progress by the end of January.

    • 27 Jan 2017
  • EBRD USD1.25bn 2% Feb 21

    • 26 Jan 2017
  • Never had it so good: SSAs enjoy ‘perfect January’ in dollars

    The dollar bond market for public sector borrowers this week rounded off a spectacular January, with many bankers describing it as “perfect” and the best in five years.

    • 26 Jan 2017
  • Dollar benchmark triple rounds off ‘perfect’ January

    A trio of issuers brought deals across the short end of the dollar curve on Wednesday, adding to what one SSA syndicate head described as the “ideal January”. Supply looks to have dimmed for now, with no deals on screen for Thursday and Chinese New Year holidays next week likely to halt benchmark issuance, but bankers believe conditions are so hot that arbitrage deals or floating rate notes could still break through.

    • 25 Jan 2017
  • SSAs devour demand in belly of dollar curve

    Public sector borrowers are staying focused on the belly of the dollar curve, with a pair of issuers lined up for Wednesday. Demand at that part of the curve shows no sign of letting up, with two issuers out in fives on Tuesday — one of which was able to increase the size of its issue from its initial target.

    • 24 Jan 2017
  • EBRD boosts Slovak covered bonds

    The European Bank for Reconstruction and Development has invested in its first Slovak covered bond and is working with local regulators to update the local covered bond law.

    • 19 Jan 2017
  • Citi, EIB, EBRD back Greek SME ABS

    Alpha Bank has placed a Greek SME CLO with Citi, the European Investment Bank, and the European Bank for Reconstruction and Development.

    • 22 Dec 2016
  • EM currencies showing life with supra deals

    Two supranational borrowers have accessed capital markets for niche currency private placements in the past week, as investors spy possible re-entry points in currencies that have suffered throughout 2016.

    • 21 Dec 2016
  • EBRD becomes first supra to issue in Serbian dinar

    Serbia has become the latest recipient of the European Bank for Reconstruction and Development’s local currency and capital markets initiative, with the borrower printing the first ever publicly listed Serbian dinar bond from a supranational.

    • 07 Dec 2016
  • Funding scorecard: supranationals

    This week's scorecard looks at the progress supranationals have made in their funding programmes.

    • 18 Nov 2016
  • ‘Congestion’ caution in dollars amid CP shift

    The dollar market for public sector borrowers could become “congested” in the traditional January rush next year, with issuers looking to refinance commercial paper in the term markets as a result of changes in US money market fund regulation and a dearth of options in other currencies. Craig McGlashan reports.

    • 27 Oct 2016

Dealer League Table EBRD

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 Mar 2017
1 Bank of America Merrill Lynch 514.01 3 14.62%
2 Barclays 479.00 2 13.62%
3 JPMorgan 470.97 7 13.39%
4 Morgan Stanley 452.33 2 12.86%
5 TD Securities Inc 358.63 3 10.20%

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 21 Mar 2017
1 Barclays 7,850.85 11 9.64%
2 BNP Paribas 7,280.82 10 8.94%
3 JPMorgan 6,400.12 9 7.86%
4 Citi 6,397.23 7 7.85%
5 HSBC 5,782.53 9 7.10%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 70,638.94 233 5.64%
2 Citi 64,455.74 181 5.14%
3 Bank of America Merrill Lynch 52,697.88 159 4.20%
4 HSBC 50,839.31 131 4.06%
5 Goldman Sachs 40,980.07 92 3.27%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 16,973.44 36 9.52%
2 JPMorgan 15,109.82 32 8.47%
3 Bank of America Merrill Lynch 12,986.53 29 7.28%
4 Credit Agricole CIB 12,729.79 30 7.14%
5 BNP Paribas 11,479.52 24 6.44%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 JPMorgan 38,272.69 159
2 Citi 31,489.91 112
3 Barclays 29,902.18 73
4 HSBC 27,124.22 95
5 Deutsche Bank 26,280.34 101