DBJ pulls in spread with sustainability bond

The Development Bank of Japan has managed to yank the spread in by 8bp for its third sustainability bond on Wednesday, which was still more than three times subscribed.

  • By Lewis McLellan
  • 11 Oct 2017

The deal had not been priced at the time of writing, but the size of the five year transaction was set at $1bn and the spread at 48bp over mid-swaps.

The agency announced at the end of August that it intended to launch a sustainability bond later this year. ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
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2 NatWest Markets 3,741.73 3 10.52%
3 Citi 3,544.03 6 9.97%
4 Goldman Sachs 3,231.80 5 9.09%
5 Barclays 2,461.72 2 6.92%

Dollar Denominated SSA (Excl US Agency)

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1 HSBC 8,145.87 7 13.07%
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3 Deutsche Bank 7,559.81 8 12.13%
4 Goldman Sachs 6,147.24 8 9.86%
5 JPMorgan 6,097.01 8 9.78%

Bookrunners of Euro Denominated SSA (Excl US Agency)

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1 Barclays 7,351.66 8 10.92%
2 JPMorgan 6,925.07 9 10.28%
3 Credit Agricole CIB 6,342.60 7 9.42%
4 Goldman Sachs 5,890.15 6 8.75%
5 Citi 5,011.57 14 7.44%

Bookrunners of Global SSA (Excl US Agency)

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1 Citi 15,413.64 38 9.58%
2 JPMorgan 14,608.06 45 9.08%
3 Goldman Sachs 12,082.56 15 7.51%
4 Deutsche Bank 11,477.72 22 7.13%
5 HSBC 10,810.86 21 6.72%