UK in the news

  • Desperately seeking subsidy

    Balancing public money with private profit can be a challenge, and Brexit makes it doubly difficult. The European Investment Bank is set to become something of a football in negotiations between the UK and the EU27 — and the UK’s corporates could stand to lose out. What, if anything, should replace it?

    • 23 May 2017
  • UK GBP5bn 1.75% Jul 57 tap

    • 18 May 2017
  • UK praised for book record ahead of election

    The UK drew its largest ever book on Tuesday, taking care of nearly a quarter of its overall syndication programme for the 2017-18 financial year in the process. The deal was particularly impressive given the volatile political backdrop in the UK, said a banker on the trade.

    • 18 May 2017
  • UK corporates seek replacements for EIB funding

    Some of the UK’s major borrowers, especially in the utility sector, are preparing for a future without European Investment Bank funding, as the supranational’s lending in the UK is set to be caught up in fraught Brexit negotiations.

    • 18 May 2017
  • SSAs power ahead in buoyant market

    The SSA market has played host to a series of strong deals this week and shows no signs of fatigue, as investors flock to make the most of the glut of supply.

    • 17 May 2017
  • UK breaks book record as investors hunt 40 year paper

    The UK drew its largest ever book as it printed its biggest syndication in nominal terms in nearly three years on Tuesday — taking care of nearly a quarter of its overall syndication programme for the 2017-18 financial year in the process. Bankers away from the trade suggested some of the rampant demand may be due to investor hunger for 40 year paper.

    • 16 May 2017
  • Quebec back in sterling after 20 year absence

    The Province of Quebec will print in sterling for the first time in over 20 years after hiring banks on Monday for a five year deal, joining other Canadian provinces in returning or debuting in the currency in 2017. The trade will come in the same week as the UK sovereign sells the first syndication of its 2017-18 financial year.

    • 15 May 2017
  • UK DMO picks team for 2017-18 opener

    The UK Debt Management Office has picked the lead managers for the first syndication of its 2017-18 financial year, which it has scheduled for the week beginning May 15.

    • 05 May 2017
  • UK slices £900m from target, selects next syndication

    The UK Debt Management Office has tweaked its funding target for the 2017-18 financial year, cutting its planned Gilt sales by £900m to £114.2bn. The sovereign has also picked a bond for its next syndication.

    • 25 Apr 2017
  • Investors relaxed over UK election

    Investors were hit with a fresh political surprise on Tuesday, as UK prime minister Theresa May announced that the country would hold a snap general election on June 8.

    • 20 Apr 2017
  • Fears election risk not priced in as France and UK head to polls

    The first round of the French presidential election takes place this Sunday and, while the market is mostly quiet, Derek Halpenny, head of global markets research at MUFG, says that market participants have not priced in much risk of a shock anti-EU result.

    • 19 Apr 2017
  • May’s Scottish referendum roulette spin with election call

    UK prime minister Theresa May’s shock general election call on Tuesday may be a calculated attempt to crystallise the Conservative Party’s strong opinion poll lead into actual seats at Westminster — but she could simultaneously weaken her strong stance against a second Scottish independence referendum. That would be bad news for anyone hoping for a favourable outcome for the UK’s economy and financial sector in the Brexit negotiations.

    • 18 Apr 2017
  • Debt: just what the doctor ordered? NHS mulls markets

    The UK's National Health Service, frustrated by a lack of funding and a mounting backlog of maintenance, is seeking a capital injection from wherever it can find it. The government must swallow its balance sheet concerns and provide one, rather than allowing the private sector to step in.

    • 11 Apr 2017
  • NHS hunting ways to raise cash from private sector

    The UK's National Health Service is engaging in exploratory discussions in a drive to raise capital from private sources to finance “much needed” capital developments at a time when officials say it does not expect to receive additional government funding.

    • 10 Apr 2017
  • UK plans long Gilt as Brexit brushed off

    The UK will run one syndicated bond issue in the first quarter of its 2017-18 financial year, as Gilts shrugged off the triggering of the country’s journey towards the European Union exit and a vote in the Scottish Parliament calling for a second independence referendum.

    • 30 Mar 2017

Dealer League Table UK

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 May 2017
1 Barclays 3,009.17 2 15.47%
2 Bank of America Merrill Lynch 2,141.34 2 11.01%
3 HSBC 1,853.10 2 9.53%
3 Citi 1,853.10 2 9.53%
5 RBC Capital Markets 1,641.46 1 8.44%

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Barclays 10,691.12 15 8.76%
2 BNP Paribas 10,516.31 14 8.62%
3 Citi 10,121.17 12 8.30%
4 HSBC 9,193.03 13 7.53%
5 JPMorgan 8,809.30 12 7.22%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 15 May 2017
1 JPMorgan 25,552.69 63 5.96%
2 Citi 24,119.11 60 5.63%
3 Deutsche Bank 17,545.97 37 4.09%
4 HSBC 16,628.60 40 3.88%
5 Barclays 13,251.34 33 3.09%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 22,518.92 50 8.33%
2 BNP Paribas 21,790.92 38 8.06%
3 Barclays 21,543.33 50 7.97%
4 HSBC 19,548.33 56 7.23%
5 UniCredit 18,534.46 46 6.86%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 03 Apr 2017
1 JPMorgan 39,067.52 180 8.50%
2 Citi 32,458.25 115 7.06%
3 Barclays 30,658.65 76 6.67%
4 Deutsche Bank 29,302.58 107 6.38%
5 HSBC 28,071.48 101 6.11%