UK in the news

  • UK DMO picks banks for next syndication

    The UK Debt Management Office has named the group of banks that will sell its next Gilt syndication.

    • 13 Jan 2017
  • UK DMO picks tenor as sterling supply falls just shy of record

    The UK Debt Management Office has picked the maturity and timing for a scheduled bond sale later this month. Elsewhere in sterling, a pair of issuers added deals to a bumper opening week that fell just short of a record.

    • 06 Jan 2017
  • Sovereigns, supranationals and agencies deals of the year

    As a year where political upsets became the norm drew to a close, GlobalCapital picks the standout trades from a turbulent 2016.

    • 03 Jan 2017
  • UK DMO goes for 40 year tenor with additional Gilt syndication

    The UK Debt Management Office has picked a conventional Gilt with a tenor in the 40 year area for a syndication it added to its 2016-17 funding programme after November’s autumn statement.

    • 08 Dec 2016
  • UK DMO goes for 40s with extra syndication

    The UK Debt Management Office has picked a conventional Gilt with a tenor in the 40 year area for a syndication it added to its 2016-17 funding programme after November’s autumn statement.

    • 05 Dec 2016
  • UK DMO GBP2.25bn 0.125% Nov 56 linker

    • 01 Dec 2016
  • Opec fuels further rampant linker bid in SSAs

    Rising inflation expectations, as governments switch their focus to fiscal stimulus and central banks move away from extremely loose monetary policy, are boosting demand for inflation linked bonds. Opec’s agreement this week to cut oil production pushed demand even higher. But there are question marks over whether issuers will adapt their funding menus to satisfy the new appetite, writes Craig McGlashan.

    • 01 Dec 2016
  • ECB rumours drive Italy rally

    The Italian referendum on December 4 has been lurking in SSA bankers' diaries as a dangerous risk event but, on Tuesday, rumours of enhanced European Central Bank support led to a rally in Italian government paper.

    • 30 Nov 2016
  • UK DMO hits record low yield with linker syndication

    The UK Debt Management Office broke its record low real yield at syndication on Tuesday for the second time in just over four months. The sovereign has also announced the results of a consultation meeting on what form its final two syndications of the 2016-17 financial year should take.

    • 29 Nov 2016
  • Wake up, FCA: active managers are the market

    There may be grounds for criticising the UK’s asset management industry, as the Financial Conduct Authority has done this week. Finding that price competition among active managers is weak, it proposes new regulations to make charges and policies clearer.

    • 24 Nov 2016
  • UK DMO funding hike ‘not a concern’

    The UK Debt Management Office will have to raise an additional £20.6bn this financial year, including through an extra syndication, but SSA bankers are confident that there will be enough demand to meet the supply.

    • 24 Nov 2016
  • UKMBA debut bond to hit medium tenor

    The UK Municipal Bond Agency is looking to bring a medium dated sterling bond for its debut issue, which it hopes will come to the market in the next three months.

    • 24 Nov 2016
  • UK adds to syndication schedule

    The UK Debt Management Office will have to raise an additional £20.6bn this financial year, including an extra syndication, following the announcement of the government’s borrowing plans in Wednesday’s autumn statement by chancellor of the exchequer, Philip Hammond.

    • 23 Nov 2016
  • UK DMO picks banks for linker syndication

    The UK Debt Management Office has selected its syndicate and announced the maturity for its upcoming index-linked syndication.

    • 18 Nov 2016
  • UK's Hammond prepares 'fiscal reset'

    The UK’s chancellor of the Exchequer Philip Hammond is expected to announce a "fiscal reset" when he delivers his autumn statement on November 23 that could include financing plans to pay for infrastructure investment.

    • 17 Nov 2016

Dealer League Table UK

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jan 2017
1 NatWest Markets 4,845.96 3 5.97%
2 HSBC 3,974.14 3 4.90%
3 Goldman Sachs 3,750.65 3 4.62%
4 Morgan Stanley 3,477.80 3 4.28%
5 Citi 3,421.99 2 4.22%

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%