KfW ‘punchy’ in dollar threes, Ontario out in fives

KfW and the Province of Ontario will hit separate parts of the dollar curve on Wednesday, with the former circulating what one on-looking banker described as “punchy” price thoughts. The deals followed a well-received floating rate note from a German Land that doubled in size.

  • By Craig McGlashan
  • 09 Oct 2018

Bank of America Merrill Lynch, Nomura and TD Securities on Tuesday set price thoughts of mid-swaps flat area for KfW’s December 2021 global benchmark.

“In terms of concession it’s maybe a couple of basis points,” said a head of SSA syndicate away from the deal. ...

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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%