France in the news

  • AfDB back for seconds in euros

    The African Development Bank has announced that it will come to market for its second ever euro syndication.

    • 16 Jan 2017
  • Unédic EUR1.25bn 0.125% May 22

    • 12 Jan 2017
  • AFD EUR1.5bn 0.125% Apr 22

    • 12 Jan 2017
  • Auckland screams in with debut euro syndication

    Auckland Council on Thursday pulled off a 7bp tightening for its first ever public deal in euros. The trade was joined in the market by paper from the City of Hamburg and Bpifrance Financement.

    • 12 Jan 2017
  • Five alive! AFD scores with five year

    Agence Française de Développement made its 2017 debut with a €1.5bn five year on Wednesday, but longer dated euro deals seem to be struggling as European Investment Bank found with a April 2032 tap.

    • 11 Jan 2017
  • Euros fives booming but NWB struggles in 10s

    The belly of the curve appears to be the favoured spot in euros, with the European Financial Stability Facility selling a €3bn November 2022 and Agence Française de Développement announcing that it intends to bring an April 2022 on Wednesday. Further out in the curve, the market is proving less supportive.

    • 10 Jan 2017
  • Unédic and KommuneKredit kick off strong week in euros

    KommuneKredit and Unédic have both pulled off strong trades, getting in ahead of what is expected to be a busy week in euros by coming to market on Monday.

    • 09 Jan 2017
  • Sorry Poland, a GrOAT matters more

    Poland may have won the race to bring the first ever sovereign green bond. But it was not the one investors were looking for — instead, France’s upcoming green benchmark will be the real milestone.

    • 05 Jan 2017
  • Cades USD2.25bn 1.875% Jan 20

    • 05 Jan 2017
  • France to bring sovereign liquidity to green

    The potential volume of green bond issues is set to reach the very top of what is possible in the bond market, as the French sovereign this week announced the start of a roadshow for its debut green bond later this month.

    • 05 Jan 2017
  • EIB and Cades get flexible in dollars

    A pair of public sector borrowers switched up their approaches in dollars on Thursday, with the European Investment Bank taking the rare move of revising pricing and Caisse d’Amortissement de la Dette Sociale bringing a trade earlier than normal.

    • 05 Jan 2017
  • ADB falls short in 10s amid murmurs over pricing

    A dual tranche global deal from the Asian Development Bank on Wednesday at least temporarily dashed hopes that this year could be strong for 10 year dollar benchmark issuance — although some bankers away from the trade felt that the problems were idiosyncratic rather than reflective of demand.

    • 04 Jan 2017
  • France turns green for '17

    France has wasted little of 2017 in getting its green bond to market having missed the chance to be the first sovereign to print in the format when Poland brought a deal at the end of last year. It announced on Tuesday the six banks that will run the trade.

    • 03 Jan 2017
  • France to go long with debut green bond

    France will aim for the long end of the curve with its first ever green bond, which it plans to syndicate in 2017.

    • 19 Dec 2016
  • Cades reveals 2017 plans, eyes US risks

    US politics are the biggest potential threat to market stability in 2017, outstripping concerns over a series of European presidential and general elections, according to Philippe Noël, head of capital markets at Caisse d'Amortissement de la Dette Sociale. Noël made the comment as the French agency outlined its funding plans for 2017.

    • 14 Dec 2016

Dealer League Table France

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 11 Jan 2017
1 Credit Agricole CIB 2,670.60 2 17.78%
1 BNP Paribas 2,670.60 2 17.78%
3 SG Corporate & Investment Banking 1,667.37 1 11.10%
3 Morgan Stanley 1,667.37 1 11.10%
3 HSBC 1,667.37 1 11.10%

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%