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 15,293.97 23 10.03%
2 Barclays 15,041.98 19 9.87%
3 Citi 12,831.69 22 8.42%
4 HSBC 11,347.34 16 7.44%
5 BNP Paribas 9,566.00 13 6.27%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 37,110.25 100 12.05%
2 JPMorgan 27,982.56 72 9.08%
3 HSBC 25,995.51 64 8.44%
4 Bank of America Merrill Lynch 24,331.42 72 7.90%
5 Goldman Sachs 21,282.75 49 6.91%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 34,727.52 87 8.50%
2 Barclays 31,192.90 58 7.63%
3 UniCredit 28,627.02 77 7.00%
4 HSBC 28,056.09 101 6.86%
5 BNP Paribas 26,072.11 61 6.38%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 74,678.82 408 7.16%
2 Citi 69,968.55 257 6.71%
3 HSBC 65,031.10 253 6.23%
4 Barclays 56,796.70 213 5.44%
5 Deutsche Bank 47,371.28 150 4.54%