IFC shows dollar threes ‘just as strong’ as rampant fives

The International Finance Corporation on Thursday offered a solid helping of three year supply to a dollar market that has so far this year been dominated by five year issuance. The issuer was rewarded with a well oversubscribed book, with bankers away from the deal suggesting central banks would have played a large part.

  • By Craig McGlashan
  • 18 Jan 2018

Leads Bank of America Merrill Lynch, Citi, JP Morgan and TD Securities were yet to price the no-grow $2bn January 2021 global by press time, so investor stats were unavailable. But bankers felt central banks were likely big players.

“Compared to five years, we ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 7,394.14 11 11.95%
2 JPMorgan 7,267.09 8 11.75%
3 Barclays 5,917.57 6 9.56%
4 NatWest Markets 5,400.28 4 8.73%
5 HSBC 3,886.37 5 6.28%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 14,200.88 23 13.91%
2 HSBC 11,373.58 16 11.14%
3 JPMorgan 11,057.79 18 10.83%
4 Goldman Sachs 8,869.90 16 8.69%
5 Deutsche Bank 8,634.69 12 8.46%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 11,752.52 14 9.65%
2 JPMorgan 11,003.56 18 9.04%
3 Citi 10,105.71 27 8.30%
4 NatWest Markets 8,769.53 7 7.20%
5 Goldman Sachs 8,330.41 10 6.84%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 28,231.16 72 9.55%
2 JPMorgan 26,979.42 88 9.13%
3 HSBC 19,913.06 51 6.74%
4 Barclays 17,765.06 33 6.01%
5 Goldman Sachs 17,261.21 27 5.84%