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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Barclays 13,577.78 16 10.55%
2 Citi 12,045.36 19 9.36%
3 JPMorgan 11,945.26 17 9.28%
4 HSBC 10,316.86 14 8.01%
5 NatWest Markets 8,487.83 7 6.59%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 30,397.90 76 12.21%
2 JPMorgan 23,142.72 55 9.30%
3 HSBC 22,658.54 50 9.10%
4 Bank of America Merrill Lynch 19,305.57 55 7.76%
5 Deutsche Bank 19,242.86 28 7.73%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 26,932.95 62 8.23%
2 Barclays 24,910.01 43 7.61%
3 HSBC 23,409.02 79 7.15%
4 UniCredit 23,096.80 58 7.06%
5 BNP Paribas 21,471.54 40 6.56%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 58,719.26 309 7.23%
2 Citi 56,898.32 195 7.00%
3 HSBC 55,446.70 198 6.82%
4 Barclays 45,889.96 155 5.65%
5 Deutsche Bank 42,500.76 118 5.23%