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 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%