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 16,575.88 26 9.55%
2 Barclays 15,585.79 20 8.98%
3 Citi 15,428.98 26 8.89%
4 HSBC 12,009.31 18 6.92%
5 BNP Paribas 11,235.58 17 6.48%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 44,072.83 119 12.29%
2 HSBC 30,286.67 79 8.44%
3 JPMorgan 30,034.04 86 8.37%
4 Bank of America Merrill Lynch 28,490.01 86 7.94%
5 Goldman Sachs 26,512.56 61 7.39%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 35,494.64 97 7.67%
2 HSBC 33,049.47 129 7.14%
3 UniCredit 32,836.18 95 7.10%
4 Barclays 32,248.82 64 6.97%
5 BNP Paribas 27,773.05 69 6.00%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 81,585.39 290 6.81%
2 JPMorgan 78,905.10 458 6.59%
3 HSBC 75,328.25 308 6.29%
4 Barclays 61,512.07 243 5.14%
5 Deutsche Bank 54,387.29 174 4.54%