SSA trio tap hot Swedish krona mart

Demand for SRI bonds and favourable basis swaps are boosting the Swedish krona market for SSAs, despite concerns late last year that the Swedish central bank’s tightening monetary policy and the krona’s appreciation against the dollar could stifle issuance. The European Investment Bank, Nordic Investment Bank and African Development Bank all came at the long end of the krona curve this week.

  • By William Chambers
  • 25 Jan 2018

“Swedish krona is very attractive for Japanese investors due to the low hedging costs of swapping back the currency to yen, when compared with other currencies such as the Australian or US dollar,” said a representative from AfDB.

AfDB sold a Skr140m ($17.4m) tap of its September 2027 ...

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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 9.64%
2 JPMorgan 11,003.56 18 9.03%
3 Citi 10,105.71 27 8.29%
4 NatWest Markets 8,769.53 7 7.20%
5 Goldman Sachs 8,330.41 10 6.83%

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 9.54%
2 JPMorgan 27,002.33 89 9.12%
3 HSBC 19,993.21 53 6.76%
4 Barclays 17,769.72 34 6.00%
5 Goldman Sachs 17,261.21 27 5.83%