EIB scores super tight spread with five year dollar deal

The European Investment Bank shrugged off any concerns over the divisions between the governments of Spain and Catalonia and the skinny spreads on offer, printing $3bn at one of the tightest spreads of the year.

  • By Lewis McLellan
  • 11 Oct 2017

Leads Barclays, JP Morgan and TD Securities received what one lead called a “phenomenal response” of $5.8bn in indications of interest. The spread was swiftly set at 8bp, but the book continued to grow to $7.7bn.

A head of SSA DCM at one of ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 18,605.78 27 8.83%
2 HSBC 16,094.53 24 7.64%
3 Barclays 15,995.15 26 7.59%
4 BNP Paribas 15,919.65 22 7.55%
5 Goldman Sachs 14,733.99 25 6.99%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 53,463.63 126 11.61%
2 Citi 52,833.87 135 11.48%
3 HSBC 35,719.21 90 7.76%
4 Bank of America Merrill Lynch 34,298.88 106 7.45%
5 Deutsche Bank 31,212.00 75 6.78%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 70,233.36 178 7.62%
2 HSBC 68,403.43 243 7.42%
3 UniCredit 67,174.31 237 7.29%
4 JPMorgan 57,758.72 195 6.27%
5 Goldman Sachs 57,685.85 161 6.26%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 96,179.86 335 7.30%
2 JPMorgan 94,013.25 550 7.13%
3 HSBC 82,143.66 301 6.23%
4 Barclays 67,551.66 221 5.12%
5 Bank of America Merrill Lynch 66,801.88 220 5.07%