Miffed? Far from it, say SSAs adapting to life under MiFID II

Six months into the life of MiFID II, a new regulation that had many in the capital markets sweating over just how onerous their lives were about to become, some public sector borrowers have claimed that not only has the implementation of the regulation been simple, but in several ways it has been beneficial. That is not the universal view, however, with some borrowers still experiencing minor headaches.

  • By Craig McGlashan
  • 14 Jun 2018
Public sector issuers had been among the least concerned in the run-up to MiFID II’s beginning at the start of the year, with many saying that they already adhered to some of the requirements around allocations on a bond syndication, for instance. But casting that process in regulatory ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 4,065.52 3 14.97%
2 Citi 3,902.17 4 14.37%
3 HSBC 3,735.13 3 13.76%
4 BNP Paribas 3,073.09 4 11.32%
5 Barclays 2,241.64 2 8.26%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 5,565.84 10 14.09%
2 JPMorgan 5,515.04 10 13.96%
3 Barclays 4,957.18 5 12.55%
4 HSBC 4,303.49 5 10.89%
5 BNP Paribas 3,164.15 4 8.01%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 8,508.82 10 12.85%
2 UniCredit 6,939.32 10 10.48%
3 HSBC 5,618.01 6 8.48%
4 BNP Paribas 5,054.90 8 7.63%
5 Bank of America Merrill Lynch 4,801.82 6 7.25%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 14,694.12 32 11.71%
2 Citi 11,855.99 25 9.45%
3 HSBC 11,229.95 19 8.95%
4 Barclays 10,953.98 19 8.73%
5 BNP Paribas 8,319.48 16 6.63%