CDP brings back Italian supply amid SRI burst

Cassa Depositi e Prestiti on Tuesday brought the first syndicated SSA supply from Italy since a large sell-off in BTPs began in May — and investors appeared happy with the risk, allowing tightened pricing and a well-oversubscribed book. The sustainability bond came amid a flurry of SRI deals.

  • By Craig McGlashan
  • 18 Sep 2018
CDP’s leads Banca IMI, BNP Paribas, Crédit Agricole, Goldman Sachs, MPS Capital Services, Santander and UniCredit set the spread on the no-grow €500m September 2023 Reg S only bond at 25bp over the mid I-spread of the 2.45% October 2023 BTP with ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 15,102.75 23 11.56%
2 Citi 11,763.38 18 9.01%
3 HSBC 11,564.92 14 8.86%
4 BNP Paribas 9,906.17 16 7.59%
5 SG Corporate & Investment Banking 9,565.12 12 7.32%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 23,747.25 55 12.50%
2 JPMorgan 20,856.65 53 10.98%
3 HSBC 13,443.59 34 7.08%
4 Barclays 12,625.49 27 6.65%
5 Bank of America Merrill Lynch 11,763.70 47 6.19%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 31,493.26 67 10.01%
2 BNP Paribas 22,553.50 49 7.17%
3 HSBC 22,009.71 65 6.99%
4 Credit Agricole CIB 21,755.21 48 6.91%
5 Goldman Sachs 19,477.87 37 6.19%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 57,975.69 258 8.07%
2 HSBC 46,439.92 167 6.47%
3 Citi 45,215.60 128 6.29%
4 Barclays 37,532.52 129 5.23%
5 BNP Paribas 31,595.03 111 4.40%