UK in the news

  • UK GBP4bn 2.5% Jul 65 tap

    • 07 Sep 2017
  • UK draws record book amid hefty Gilt rally

    The UK this week once again broke its record order book, with bankers suggesting the huge demand may have been down to investors taking their last chance for ultralong sovereign sterling paper for some time.

    • 07 Sep 2017
  • UK DMO grabs £5.3bn with 2065 tap

    The UK Debt Management Office (DMO) tapped a 2065 line for £4bn on Tuesday, upping the size of the transaction because of “impressive quality of demand”.

    • 05 Sep 2017
  • EIB funding flow stalls, new players consider DCM

    Brexit talks about Britain’s place in the European Investment Bank (EIB) failed to move forward this week, and called into question the status of many UK loan applications that remain on hold.

    • 31 Aug 2017
  • UK set for 30yr linker in November

    The UK Debt Management Office plans to sell a new index-linked Gilt in the 30 year area of the curve in November, it said on Thursday, as it prepares for its next syndication next week.

    • 31 Aug 2017
  • UK names next syndication line-up

    The UK Debt Management Office has selected the banks that will run its next syndication.

    • 25 Aug 2017
  • UK sets September syndication, calls for 30 year linker to be next

    The UK Debt Management Office looks likely to bring a new index-linked Gilt in the 30 year area of the curve in November after investors and banks both called for the issue. That came as the DMO firmed up plans for its next syndication, in September.

    • 22 Aug 2017
  • Gilt yields drop ahead of Sept syndication as BoE holds steady

    Gilt yields dropped on Thursday after the Bank of England’s Monetary Policy Committee voted 6-2 to hold the Bank Rate at 0.25% — a higher majority than the 5-3 in favour of holding at its last meeting in June. The more dovish result came after weeks of hawkish noises emanating from the central bank. Meanwhile, the Province of Alberta returned to the sterling market to tap its debut issue from earlier this year.

    • 03 Aug 2017
  • Gilt yields fall as BoE holds steady

    Gilt yields dropped on Thursday after the Bank of England’s Monetary Policy Committee voted 6-2 to hold the Bank Rate at 0.25% — a higher majority than the 5-3 in favour of holding at its last meeting in June. The more dovish result came after weeks of hawkish noises emanating from the central bank.

    • 03 Aug 2017
  • EIB sets up green bond 'Rosetta Stone'

    The European Investment Bank (EIB) and other market actors are working on a system to match investors’ views on what is a ‘green’ bond with suitable deals in the market.

    • 14 Jul 2017
  • Secondary pricing update: featuring the UK's linker tap

    Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Thursday's close. The source for secondary trading levels is Interactive Data.

    • 14 Jul 2017
  • UK GBP2.5bn 0.125% Nov 56 linker tap

    • 13 Jul 2017
  • UK breaks records again with super smooth linker

    The UK Debt Management Office broke yet another record on Tuesday, building its largest ever book in cash terms for an inflation-linked syndication. The demand was such that the bond then tightened in secondary to move past the fair value level at the book open, said one of the leads.

    • 13 Jul 2017
  • UK breaks linker record, market comes back for more

    The UK Debt Management Office broke yet another record on Tuesday, building its largest ever book in cash terms for an inflation linked syndication. The demand was such that the bond then tightened in secondary to move past the fair value level at the book open, said one of the leads.

    • 11 Jul 2017
  • Sterling ignores election as UK DMO plans, SSAs print

    The sterling market for public sector borrowers has trundled back into gear after the shock UK election result on June 8. A series of issuers printed through this week, while the UK Debt Management Office announced its plans for the second syndication of the 2017-18 financial year.

    • 29 Jun 2017

Dealer League Table UK

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 3,563.72 3 11.13%
2 Citi 3,284.17 3 10.26%
3 NatWest Markets 3,078.33 2 9.62%
4 Barclays 3,009.17 2 9.40%
5 JPMorgan 2,784.29 2 8.70%

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 16,088.76 20 8.76%
2 HSBC 15,210.51 21 8.29%
3 BNP Paribas 13,465.23 18 7.34%
4 Barclays 13,356.41 18 7.28%
5 Goldman Sachs 12,526.05 22 6.82%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 39,420.00 102 11.55%
2 JPMorgan 39,096.51 104 11.46%
3 Bank of America Merrill Lynch 27,865.54 84 8.17%
4 HSBC 25,391.15 66 7.44%
5 Deutsche Bank 22,341.31 52 6.55%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 31,814.43 89 7.68%
2 UniCredit 30,574.73 94 7.38%
3 Goldman Sachs 28,577.41 75 6.90%
4 BNP Paribas 28,185.99 56 6.80%
5 SG Corporate & Investment Banking 26,540.51 60 6.40%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 76,487.85 259 7.33%
2 JPMorgan 75,308.10 436 7.21%
3 HSBC 68,637.67 243 6.57%
4 Bank of America Merrill Lynch 58,095.07 177 5.56%
5 Barclays 53,192.11 171 5.10%