Sweden and Land NRW bring dollar supply to hungry investors

A pair of public sector issuers look set to benefit from supply-starved dollar investors, after mandating on Monday for deals at the very short end of the curve.

  • By Craig McGlashan
  • 17 Jul 2017
Sweden hired Goldman Sachs, HSBC and Nordea to run a July 2019 Reg S/144A. Initial price thoughts are mid-swaps minus 4bp area, which the leads said equated to a US Treasury spread of 20bp area at the time of the mandate announcement during the early London ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Barclays 10,381.54 13 11.10%
2 JPMorgan 10,114.01 13 10.81%
3 Citi 9,037.14 14 9.66%
4 HSBC 7,587.14 11 8.11%
5 NatWest Markets 6,826.39 6 7.30%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 26,051.28 56 12.87%
2 HSBC 19,540.53 40 9.65%
3 JPMorgan 16,456.57 36 8.13%
4 Deutsche Bank 15,761.17 21 7.79%
5 Bank of America Merrill Lynch 14,692.17 42 7.26%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 20,432.97 35 9.01%
2 Barclays 18,911.32 28 8.33%
3 HSBC 16,371.81 48 7.22%
4 BNP Paribas 14,874.19 26 6.56%
5 NatWest Markets 13,451.59 14 5.93%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 44,983.26 140 7.95%
2 JPMorgan 43,865.99 193 7.75%
3 HSBC 41,027.11 135 7.25%
4 Barclays 33,170.15 96 5.86%
5 Deutsche Bank 30,297.39 84 5.35%