L-Bank in the news

  • L-Bank USD1bn 1.625% Feb 19

    • 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 look to MTNs to wind up 2016

    SSAs are turning to the MTN market to meet investor requests and to pick up some pre-funding in December, with the bulk of their funding needs for the year completed.

    • 01 Dec 2016
  • EDC splashes in sterling

    Export Development Canada is to print a long four year sterling bond as demand for paper in the currency defied fears of a possible UK's exit from the European Union.

    • 17 May 2016
  • Sterling supply remains solid as L-Bank prints at fives

    L-Bank printed a five year deal on Monday as the sterling market kept up solid momentum from last week.

    • 12 May 2016
  • Sterling supply solid as L-Bank prints at fives

    L-Bank printed a five year deal on Monday as the sterling market kept up solid momentum from last week.

    • 09 May 2016
  • Japanese new year helps drive perfect conditions in dollar mart

    Issuers stormed out of the blocks with a set of deals across the curve this week, with factors including an increase in swap spreads on the short end, a positive feeling towards the US market since Janet Yellen’s statements in March and the start of the Japanese fiscal year all credited.

    • 14 Apr 2016
  • AfDB and L-Bank highlight appeal at short end

    The African Development Bank and L-Bank on Thursday added to a surge of deals at the short end of the dollar curve, as issuance rode on a wave of dovish central bank outlooks.

    • 14 Apr 2016
  • L-Bank and AfDB line up as move in swap spreads tempts investors

    L-Bank and the African Development Bank are set to be the latest issuers this week to take advantage of rising short end dollar swap spreads, mandating for deals on Wednesday after Finland printed a short dated deal of its own.

    • 13 Apr 2016
  • SSA deals shouldn't flop

    It’s hard to pinpoint where the blame should lie for this week’s postponed L-Bank deal. Maybe for once none lies within the market.

    • 17 Mar 2016
  • Another deal dumped as SSAs fight over slim windows

    A postponed deal as issuers clashed in the SSA market left a blemish on a strong week for the improving public sector dollar bond market. But such occurrences may well become the norm as issuers crowd in to narrow windows, writes Craig McGlashan.

    • 17 Mar 2016
  • SSAs clash as Fed and Easter clear the decks

    Despite the limited supply in the SSA market this week, with issuers avoiding issuing close to this week’s US Federal Open Market Committee meeting and the approaching Easter holidays, there was still room for a clash of issuers on Monday as one borrower felt compelled to slam the anchors on its proposed benchmark.

    • 16 Mar 2016
  • Cades bring home dollar fives as L-Bank pauses

    Caisse d'Amortissement de la Dette Sociale found strong demand at the five year part of the dollar curve on Tuesday, as L-Bank delayed a deal in the same currency and tenor.

    • 15 Mar 2016
  • L-Bank hits screens in dollars ahead of FOMC meeting

    L-Bank is set to print a five year dollar benchmark as investors eagerly await the outcome of this week’s Federal Open Market Committee (FOMC) meeting.

    • 14 Mar 2016
  • Funding scorecard: European supranationals and agencies

    This week's funding scorecard looks at the funding progress of European supranationals and agencies

    • 12 Feb 2016
  • Italy leads odd assortment of tenor choice in SSAs

    Kommunalbanken (KBN) are set to price the first five year dollar bond for three weeks on Wednesday while Italy’s 30 year bond was the first SSA issuance in the tenor for 2016.

    • 03 Feb 2016
  • Euro trio hit screens in Chinese New Year scramble

    A trio of issuers prepared to print in euros across the maturity curve in a dash before the Chinese New Year holiday starts next week, following a pair of euro benchmarks on Tuesday.

    • 02 Feb 2016
  • Agency duo out in five year euros

    Agence Française de Développement (AFD) and L-Bank are out with long five year euro benchmarks, as bankers reported a lack of demand at the short and long end of the curve.

    • 01 Feb 2016
  • L-Bank hits long end with rare Kanga appearance

    L-Bank, the state development bank of Baden-Württemberg, took to the long end in Australian dollars on Tuesday. The agency was able to benefit from pent-up demand for long dated Kangaroo paper to sell its second trade in the format this year.

    • 29 Jul 2014

Dealer League Table L-Bank

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 LBBW 574.35 3 19.41%
2 Citi 287.22 2 9.70%
3 Natixis 212.09 1 7.17%
3 Commerzbank Group 212.09 1 7.17%
3 Santander 212.09 1 7.17%

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
  • 07 Mar 2017
1 JPMorgan 13,983.25 38 11.62%
2 Citi 12,835.76 34 10.66%
3 TD Securities Inc 9,199.65 20 7.64%
4 HSBC 8,885.36 22 7.38%
5 Deutsche Bank 7,825.80 21 6.50%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Mar 2017
1 Barclays 16,566.61 33 9.78%
2 JPMorgan 14,128.94 27 8.34%
3 Bank of America Merrill Lynch 12,288.23 26 7.26%
4 Credit Agricole CIB 11,879.83 26 7.02%
5 HSBC 11,124.72 31 6.57%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Mar 2017
1 JPMorgan 33,561.40 143 8.59%
2 Citi 28,071.02 97 7.18%
3 Barclays 27,149.68 62 6.95%
4 HSBC 24,052.21 82 6.16%
5 Bank of America Merrill Lynch 21,972.67 68 5.62%