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 Barclays 13,577.78 16 10.48%
2 Citi 12,045.36 19 9.30%
3 JPMorgan 11,945.26 17 9.22%
4 HSBC 10,316.86 14 7.96%
5 NatWest Markets 8,487.83 7 6.55%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 31,408.33 81 12.25%
2 JPMorgan 23,640.34 56 9.22%
3 HSBC 23,014.61 52 8.98%
4 Bank of America Merrill Lynch 19,900.14 59 7.76%
5 Deutsche Bank 19,121.36 29 7.46%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 27,037.51 66 7.93%
2 Barclays 25,435.97 46 7.46%
3 UniCredit 25,297.29 63 7.42%
4 HSBC 23,482.89 81 6.88%
5 BNP Paribas 21,888.86 45 6.42%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 59,631.02 334 6.97%
2 Citi 59,108.26 216 6.91%
3 HSBC 56,064.57 206 6.55%
4 Barclays 47,783.66 175 5.59%
5 Deutsche Bank 43,453.85 129 5.08%