France to tap GrOAT ahead of Macron summit

France announced this morning it would tap its green bond, the famous green OAT or GrOAT, on December 7. The deal will come just before President Emmanuel Macron holds a climate summit in Paris.

  • By Jon Hay, Lewis McLellan
  • 01 Dec 2017

As GlobalCapital reported on Thursday, some market participants had expected France to make such a move, as green bonds are often used for signalling reasons.

Macron is keen to emphasise European, and French, leadership on climate change, in partnership with China, particularly because the US under President Donald ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 18,481.15 26 8.87%
2 HSBC 16,094.53 24 7.73%
3 BNP Paribas 15,919.65 22 7.64%
4 Barclays 15,336.60 24 7.36%
5 Goldman Sachs 14,733.99 25 7.07%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 53,463.63 126 11.60%
2 Citi 52,833.87 135 11.46%
3 HSBC 36,135.69 91 7.84%
4 Bank of America Merrill Lynch 34,198.88 105 7.42%
5 Deutsche Bank 31,628.48 76 6.86%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 34,793.50 122 7.24%
2 HSBC 34,778.70 117 7.24%
3 Barclays 32,929.25 80 6.85%
4 Goldman Sachs 31,906.26 88 6.64%
5 BNP Paribas 31,635.81 68 6.58%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 95,819.56 331 7.31%
2 JPMorgan 93,889.82 550 7.17%
3 HSBC 82,271.52 300 6.28%
4 Barclays 67,249.07 214 5.13%
5 Bank of America Merrill Lynch 66,602.63 218 5.08%