UK gets big bid as trade war threats help havens

The UK Debt Management Office breezed through another syndication on Wednesday, although bankers said that the darkening cloud of global trade wars likely led some investors to seek shelter in the safe-haven asset.

  • By Craig McGlashan
  • 11 Jul 2018
Leads Citi, HSBC, Morgan Stanley and UBS priced the £3.25bn nominal (£4.8bn cash) August 2041 inflation linker at 1.5bp over the March 2040 index linker, at the tight end of guidance of 1.5bp/2bp. The final nominal book was over £20.5bn (including £3.415bn of lead ...

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 16,032.07 25 9.75%
2 Barclays 15,041.98 19 9.15%
3 Citi 13,795.56 24 8.39%
4 HSBC 12,009.31 18 7.30%
5 BNP Paribas 10,802.75 16 6.57%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 41,726.66 111 12.22%
2 JPMorgan 29,288.84 79 8.58%
3 HSBC 29,000.04 74 8.49%
4 Bank of America Merrill Lynch 27,450.34 80 8.04%
5 Goldman Sachs 24,685.10 55 7.23%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 35,503.26 95 8.01%
2 HSBC 32,082.06 114 7.24%
3 Barclays 31,737.51 60 7.16%
4 UniCredit 30,989.16 83 6.99%
5 BNP Paribas 27,189.65 67 6.13%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 77,915.32 278 6.84%
2 JPMorgan 77,286.41 442 6.79%
3 HSBC 72,655.52 285 6.38%
4 Barclays 59,775.59 229 5.25%
5 Deutsche Bank 52,560.34 166 4.61%