BondMarker results: Euro deals dominate top spots

A trio of long-dated deals in euros achieved the highest scores on BondMarker this week. Read on to see how the deals in what is traditionally one of the busiest weeks of issuance in the year fared with our voters.

  • By Tessa Wilkie
  • 22 Jan 2018
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A €4bn 10 year from Portugal took top honours, with an average score of 8.94. The deal, led by Barclays, Citi, Crédit Agricole, Goldman Sachs, JP Morgan and Novo Banco, attracted the borrower’s biggest ever book. The deal, which was trading above par after pricing, scored particularly highly on BondMarker in the pricing category.

Another 2028 print in euros, this time from KfW, scored 8.62 with its strongest marks in the structure/maturity category, where voters awarded it an average of 9.3.  BNP Paribas, Commerzbank and Goldman Sachs led the €5bn 0.625% January 2028 global. That deal also attracted a record book.

The deal was one of three KfW benchmarks printed in the week beginning January 8. Its sterling effort, a £1bn 1% December 2022 had an average score of 7.75 and a $5bn 2.375% December 2022 global had an average score of 7.625.

Italy rounded off the top three highest scoring deals of the week with a €9bn September 2038. The deal’s average score was just 0.06 behind KfW’s euro benchmark, with an average score of 8.56.

Not all long-dated euro deals were popular on BondMarker, however. European Investment Bank’s €2.5bn 1.5% October 2048 scored 6.22 on average. It had decent marks in the timing, structure/maturity and pricing categories but voters awarded it lower scores for quality of the investor distribution and performance.

EIB printed a dollar global in the same week — a $5bn 2.5% March 2023 — that was the third highest scoring dollar deal of the week. BNP Paribas, Goldman Sachs and HSBC were leads. That deal also had a record book for EIB’s dollar global programme. With an average score of 8.235 it was just pipped in the dollar charts by a $1.5bn 2.75% January 2028 from Asia Development Bank (8.48) and a $3.75% January 2023 from Inter-American Development Bank (8.2375). 

1538 deal charts


  • By Tessa Wilkie
  • 22 Jan 2018

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Barclays 12,042.98 14 11.16%
2 JPMorgan 10,114.01 13 9.37%
3 Citi 9,037.14 14 8.37%
4 NatWest Markets 8,487.83 7 7.87%
5 HSBC 7,587.14 11 7.03%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 26,776.92 63 12.44%
2 HSBC 20,140.01 43 9.35%
3 JPMorgan 18,140.98 43 8.43%
4 Deutsche Bank 17,160.97 23 7.97%
5 Bank of America Merrill Lynch 15,542.62 47 7.22%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 21,242.89 39 8.56%
2 Barclays 19,533.57 31 7.87%
3 UniCredit 16,899.52 41 6.81%
4 HSBC 16,516.41 51 6.65%
5 BNP Paribas 15,247.52 27 6.14%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 47,163.88 157 7.44%
2 JPMorgan 46,881.95 215 7.40%
3 HSBC 42,134.38 143 6.65%
4 Barclays 36,659.08 110 5.78%
5 Deutsche Bank 34,477.82 91 5.44%