IDA out with debut, offers ‘handful’ of spread over World Bank

The International Development Association, part of the World Bank Group, is on screens with its debut bond issue. The trade is offering a handful of basis points over seasoned World Bank Group issuer the International Bank for Reconstruction and Development (known as World Bank), according to bankers away from the mandate.

  • By Craig McGlashan
  • 16 Apr 2018

Leads Barclays, BNP Paribas, JP Morgan and Nomura on Monday circulated initial price thoughts of 10bp area over mid-swaps for the five year Reg S/144A dollar benchmark.

“I see that as being 4bp-5bp above World Bank’s secondaries,” said a head of SSA syndicate away ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 16,575.88 26 9.55%
2 Barclays 15,585.79 20 8.98%
3 Citi 15,428.98 26 8.89%
4 HSBC 12,009.31 18 6.92%
5 BNP Paribas 11,235.58 17 6.48%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 44,086.83 120 12.24%
2 JPMorgan 30,360.62 90 8.43%
3 HSBC 30,286.67 79 8.41%
4 Bank of America Merrill Lynch 28,706.00 91 7.97%
5 Goldman Sachs 26,512.56 61 7.36%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 35,517.09 98 7.60%
2 HSBC 33,384.07 130 7.14%
3 UniCredit 32,921.16 96 7.04%
4 Barclays 32,583.23 65 6.97%
5 BNP Paribas 28,164.40 71 6.02%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 81,624.46 292 6.75%
2 JPMorgan 79,212.59 462 6.55%
3 HSBC 75,662.85 309 6.26%
4 Barclays 61,866.89 247 5.12%
5 Deutsche Bank 54,387.29 174 4.50%