EC marches on with sovereign securitization plans

The European Commission is forging ahead with plans to introduce sovereign bond-backed securities (SBBS), despite market participants’ lack of enthusiasm for the project.

  • By Craig McGlashan, Jean Comte
  • 16 May 2018
A draft proposal seen by GlobalCapital on the instrument, whose aim is to tackle the “bank-sovereign” nexus by effectively allowing banks to diversify their holdings of ultra-safe assets, is the latest step by the Commission to introduce SBBS. One of the plans is to treat SBBS equally to ...

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 JPMorgan 15,293.97 23 9.68%
2 Barclays 15,041.98 19 9.52%
3 Citi 12,831.69 22 8.12%
4 HSBC 11,347.34 16 7.18%
5 BNP Paribas 9,566.00 13 6.05%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 38,458.62 103 12.19%
2 JPMorgan 28,322.17 76 8.97%
3 HSBC 26,160.46 65 8.29%
4 Bank of America Merrill Lynch 25,855.13 74 8.19%
5 Goldman Sachs 21,942.20 50 6.95%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 34,785.31 89 8.33%
2 Barclays 31,331.38 59 7.50%
3 UniCredit 30,652.04 80 7.34%
4 HSBC 28,482.56 104 6.82%
5 BNP Paribas 26,256.57 63 6.29%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 75,189.63 423 7.08%
2 Citi 71,343.62 261 6.72%
3 HSBC 65,680.62 258 6.18%
4 Barclays 57,933.89 215 5.45%
5 Deutsche Bank 48,544.86 152 4.57%