Gilt banks, investors give UK wide selection choice

Gilt investors and market makers have offered a broad range of views on the form that the UK’s next syndication should take during a meeting with the country’s Debt Management Office. The meeting was without Scotiabank, which last week quit as a Gilt-edged market maker (GEMM).

  • By Craig McGlashan
  • 22 May 2018

The DMO has already said the syndication will come in the second quarter of its 2018-19 financial year (July to September) and will be inflation-linked. 

But GEMMs at Monday’s meeting were “broadly split” between whether the issue should be a new bond in the 25 year area — 2041 ...

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 12,417.34 15 11.10%
2 JPMorgan 10,784.81 16 9.64%
3 Citi 9,836.54 17 8.80%
4 NatWest Markets 8,487.83 7 7.59%
5 HSBC 7,788.95 12 6.97%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 28,901.35 74 12.47%
2 HSBC 22,334.06 48 9.64%
3 JPMorgan 19,268.59 52 8.32%
4 Deutsche Bank 17,915.81 27 7.73%
5 Bank of America Merrill Lynch 16,436.98 51 7.09%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 24,234.99 53 8.61%
2 Barclays 21,482.86 36 7.63%
3 UniCredit 19,921.86 49 7.08%
4 Credit Agricole CIB 18,862.23 49 6.70%
5 HSBC 18,112.51 64 6.44%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 51,730.52 279 7.24%
2 Citi 50,929.52 181 7.13%
3 HSBC 46,782.66 171 6.55%
4 Barclays 40,928.81 133 5.73%
5 Deutsche Bank 37,881.53 100 5.30%