UK in the news

  • Moody’s launches investor-driven public sector ratings

    Investors looking for new public sector avenues in which to deploy their cash can now turn to Moody’s to provide ratings for otherwise unrated public sector borrowers in the UK, France and Germany.

    • 28 Mar 2017
  • UK’s immigration pledge is good news for the City

    The UK’s Brexit secretary’s admission on Monday night that the government will not cap immigration after the country leaves the European Union — and that immigration could rise or fall after Brexit — may well be the first bit of good news on London’s future as Europe’s main financial centre since the referendum last June.

    • 28 Mar 2017
  • UK to bring long Gilt in Q1, as big political week begins

    The UK will run one syndicated bond issue in the first quarter of its 2017-18 financial year, as the country prepared for a week heavy with political events.

    • 27 Mar 2017
  • EIB to be last name in sterling frenzy?

    The European Investment Bank on Tuesday became the sixth European public sector borrower to hit screens in sterling since March 13, tapping a January 2020 line for £250m. But UK inflation figures could put an end to the currency's run in the sun. Meanwhile, investors and banks discussed what form the next UK Gilt syndication should take.

    • 21 Mar 2017
  • Aberdeen City’s Scottish independence proxy bond

    The Scottish city of Aberdeen may be long past its 1980s heyday — when it was the hub of the burgeoning North Sea oil industry and its football team was one of the most feared in Europe — but it could soon find itself being a useful capital markets bellwether for the latest constitutional crisis to hit the UK.

    • 14 Mar 2017
  • UK DMO sets lowest target in 10 years amid Brexit warnings

    The UK Debt Management Office will have to tackle its lowest issuance volume since 2007 in the next financial year, although analysts warned that the longer-term picture for UK borrowing could be affected heavily by imminent negotiations over Brexit.

    • 08 Mar 2017
  • BondMarker results — featuring EFSF's dual tranche, the UK's inflation linker and Spain's €5bn

    The scores are in. See how market participants rated EFSF's dual tranche, the UK's £2bn inflation linked note and Spain's €5bn 2033 transaction.

    • 03 Mar 2017
  • Bank of England USD2bn 1.75% Mar 20

    • 02 Mar 2017
  • Banks financing high carbon companies risk ruin, report warns

    Shareholders and bondholders should pressurise banks to clean up their acts on climate change, sustainable finance experts said this week.

    • 23 Feb 2017
  • UK DMO GBP2bn 0.125% Nov 65

    • 23 Feb 2017
  • UK ends with double record breaker

    The UK Debt Management Office (DMO) breezed through the final syndication of its financial year on Tuesday, printing at a record low real yield with its biggest ever book — despite a postponed start to opening books and murmurings about falling demand for inflation linked paper.

    • 23 Feb 2017
  • Dollars: the swaps are on but (almost) nobody’s come

    The superlatives “fantastic”, “surprising to the upside all the time” and “huge tightening” were being thrown around about the public sector dollar market this week — the only missing ingredient appears to be supply.

    • 23 Feb 2017
  • NWB to revive dollar fives

    Nederlandse Waterschapsbank is set to bring the five year part of the dollar curve back to life for the first time in three weeks, after mandating banks for a March 2022 Reg S/144A deal on Wednesday.

    • 22 Feb 2017
  • UK brushes off linker demand concerns with record low yield

    The UK Debt Management Office on Tuesday breezed through the final syndication of its financial year, printing at a record low real yield despite a postponed start to opening books and murmurings about falling demand for inflation linked paper.

    • 21 Feb 2017
  • UK set for final syndication of year

    The UK is set to bring its final syndication of its 2016/17 financial year this week, following on from a strong week for public sector trades in the currency.

    • 20 Feb 2017

Dealer League Table UK

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 1,853.10 2 14.38%
1 Citi 1,853.10 2 14.38%
3 UBS 1,367.72 1 10.62%
3 NatWest Markets 1,367.72 1 10.62%
3 Lloyds Banking Group 1,367.72 1 10.62%

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
  • 27 Mar 2017
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
  • 28 Mar 2017
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