UK in the news

  • UK GBP6bn 1.25% Jul 51

    • 30 Apr 2021
  • UK snags £6bn at 30 years

    The UK Debt Management Office raised £6bn with its first syndication of the financial year. Although one investor said the spread was more generous than he expected, the trade drew praise for the smoothness of its execution.

    • 27 Apr 2021
  • UK cuts funding target, drops syndication from 2021/22 programme

    The UK Debt Management Office reduced its borrowing programme on Friday following a lower funding requirement for its previous financial year than it had originally expected.

    • 23 Apr 2021
  • Primary market platform moves into new FX and adds Europe boss

    DirectBooks, a platform for primary bond issuance initiated by a group of banks, has added the ability to handle euro and sterling deal announcements as well as a new senior member of staff to run its European business.

    • 19 Apr 2021
  • UK picks banks for first syndication of 2021/22 financial year

    The UK Debt Management Office has selected the banks to lead the first syndicated transaction of its 2021/2022 borrowing programme.

    • 16 Apr 2021
  • Harsh sell-off grips govvies worldwide, but primary market to truck on

    Government bonds around the world were hit by a wave of selling on Friday morning without an obvious trigger from new data or central bank policy updates. However, traders believe a heavy supply schedule and news of increasing deficits are likely to blame.

    • 09 Apr 2021
  • UK GBP500m Jul 26 sukuk

    • 25 Mar 2021
  • UK prints second sukuk for £500m, flat to Gilts

    The UK issued its second ever sukuk on Thursday, raising more than double the amount it had with the first in 2014.

    • 25 Mar 2021
  • UK selects second sovereign sukuk syndicate

    The UK Debt Management Office on Monday chose the banks to lead the sale of its second sukuk via syndication. Like the sovereign’s debut sukuk in 2014, none of the UK’s Islamic banks are included on the mandate.

    • 22 Mar 2021
  • Central banks hold fire despite flourishing growth and inflation

    The SSA market on Thursday was digesting the result of the previous night’s Federal Reserve meeting. Fed chair Jerome Powell took a dovish stance in spite of high economic growth, and some market participants believe that the strengthening inflation outlook could hurt demand for bonds at the long end of the curve.

    • 18 Mar 2021
  • UK outlines Gilt issuance plans for April to June

    The UK Debt Management Office has published its Gilt operations calendar for the first quarter of its 2021/22 financial year.

    • 12 Mar 2021
  • UK DMO leans on crisis know-how to meet huge remit

    One big crisis should be enough for anyone's career. But Sir Robert Stheeman, chief executive of the UK's Debt Management Office, has had to face two monumental financial catastrophes in the last 13 years — first the 2008 UK banking crisis and then last year's pandemic.

    • 12 Mar 2021
  • NZIF ‘a game changer’ says UK pension leader

    This week 35 investors with $8.5tr of assets — many of them UK and Nordic pension funds — launched the Net Zero Investment Framework, a primer for investors wanting to decarbonise their portfolios. Faith Ward, chair of the Institutional Investors’ Group on Climate Change, answers some key questions for GlobalCapital about why the Framework is important and how it will be implemented.

    • 11 Mar 2021
  • Gilt players back new 30 year syndication in April

    Gilt-Edged Market Makers (GEMMs) and investors expressed their support for the UK Debt Management Office to issue a new 30 year Gilt as the first syndication of its new 2021/22 financial year.

    • 09 Mar 2021
  • UK edges ahead in race to claim world’s greenest central bank

    The UK’s monetary policy will officially be designed to fight climate change from now on, after chancellor of the exchequer Rishi Sunak changed the Bank of England’s mandate this week, delighting sustainable finance campaigners.

    • 04 Mar 2021

Dealer League Table UK

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Nomura 2.21 1 15.03%
1 HSBC 2.21 1 15.03%
1 Deutsche Bank 2.21 1 15.03%
1 BNP Paribas 2.21 1 15.03%
5 UBS 1.46 1 9.97%

European Sovereign Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 10.32 10 10.59%
2 JPMorgan 9.57 13 9.82%
3 Nomura 9.49 9 9.74%
4 Deutsche Bank 8.69 9 8.92%
5 HSBC 7.49 7 7.68%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 16.30 28 13.42%
2 JPMorgan 13.72 32 11.30%
3 HSBC 8.80 22 7.25%
4 BofA Securities 7.68 15 6.33%
5 BMO Capital Markets 6.49 10 5.34%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 18.40 43 9.08%
2 Deutsche Bank 18.01 25 8.89%
3 Citi 16.47 20 8.13%
4 Barclays 13.49 21 6.66%
5 HSBC 12.63 23 6.24%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 37.34 58 9.23%
2 JPMorgan 35.63 124 8.81%
3 Deutsche Bank 27.56 42 6.81%
4 HSBC 25.10 55 6.20%
5 Barclays 21.56 42 5.33%