France in the news

  • AFD EUR1bn 0% Mar 25

    • 14 Feb 2020
  • SGP EUR2.5bn 1% Feb 70

    • 13 Feb 2020
  • Hot demand for short and long in euros

    Borrowers hit screens in euros from three to 50 years this week, all enjoying heavily subscribed books and pricing with skinny new issue premiums thanks to investors’ confidence in consistent support from the European Central Bank.

    • 13 Feb 2020
  • SGP locks in ‘strategic’ 50 year green as SSAs pile into SRI

    Société du Grand Paris hoovered up strong demand this week to sell the longest ever public syndicated green bond. The French agency was joined by three other public sector borrowers in raising socially responsible bonds this week, including the first European city to issue a social-labelled bond.

    • 13 Feb 2020
  • AFD aiming for social bonds

    Agence Française de Développement is looking to expand its thematic bond framework to include the issuance of social-labelled debt.

    • 12 Feb 2020
  • SGP takes size with 50 year green as Munich brings city first

    Société du Grand Paris impressed the SSA market on Tuesday with a series of superlatives. It sold its biggest ever bond with the longest ever maturity for a syndicated green bond in any asset class. The City of Munich hit another landmark with the first social bond from a European city.

    • 11 Feb 2020
  • SSA cluster finds fertile ground at short end

    Two European borrowers hit screens on Monday morning at the short end of the euro curve, with a third set to follow suit on Tuesday as issuers. Both of Monday’s deals received extraordinarily strong demand.

    • 10 Feb 2020
  • SGP and Munich to set new landmarks in SRI bond market

    Société du Grand Paris and the City of Munich will break new ground in the socially responsible bond market this week as the pipeline for green and social debt from public sector borrowers builds.

    • 10 Feb 2020
  • SSAs make most of good mood and booming dollar market

    Five SSA issuers brought dollar deals to market this week, hitting screens in a variety of formats and tenors. With investors undeterred by volatile government bond yields, issuers made the most of excellent conditions to pull off impressive deals.

    • 06 Feb 2020
  • AFD readies green bond return

    Agence Française de Développement is preparing to issue its first green bond since September 2018.

    • 05 Feb 2020
  • EIB and Quebec open the floodgates for dollar SSA market

    The European Investment Bank and the Province of Quebec were well subscribed as they re-opened the dollar SSA market following the extended Lunar New Year holiday. Two more public sector borrowers will follow with dollar bonds on Wednesday, ahead of what is expected to be a busy month in the currency.

    • 04 Feb 2020
  • France EUR5bn May 52 0.75%

    • 30 Jan 2020
  • France picks price over size at long end

    France printed a €5bn 2052 benchmark on Tuesday, opting for an aggressive pricing strategy and keeping to a more restrained size than its typical €7bn.

    • 28 Jan 2020
  • Greece and France head to long end following rates rally

    Greece and France mandated banks on Monday for new benchmark offerings at the long end of the curve, the former bringing its longest bond since the eurozone debt crisis. The sovereigns are taking advantage of a sharp rally in core and peripheral eurozone sovereign yields, partially engendered by a flight to quality over the coronavirus scare.

    • 27 Jan 2020
  • Cades lining up for €4bn in 2020

    Caisse d’Amortissement de la Dette Sociale has a €4bn funding programme lined up for 2020, matching the total it raised in 2019.

    • 13 Jan 2020

Dealer League Table France

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 1.11 1 20.00%
1 HSBC 1.11 1 20.00%
1 Goldman Sachs 1.11 1 20.00%
1 Credit Agricole CIB 1.11 1 20.00%
1 BNP Paribas 1.11 1 20.00%

European Sovereign Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 9.54 14 13.14%
2 Citi 6.29 8 8.67%
3 Goldman Sachs 6.07 9 8.37%
4 BNP Paribas 5.58 9 7.69%
5 SG Corporate & Investment Banking 5.00 5 6.89%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 11.30 20 13.25%
2 JPMorgan 8.31 15 9.74%
3 Goldman Sachs 5.78 14 6.78%
4 Morgan Stanley 5.76 11 6.75%
5 BMO Capital Markets 5.74 10 6.73%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 16.07 24 10.86%
2 BNP Paribas 11.39 20 7.69%
3 HSBC 10.83 24 7.32%
4 BofA Securities 10.00 23 6.75%
5 UniCredit 9.73 24 6.57%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 26.62 57 9.35%
2 Citi 21.30 46 7.48%
3 HSBC 18.33 53 6.44%
4 BofA Securities 17.47 51 6.14%
5 Goldman Sachs 16.82 33 5.91%