SRI pipe builds as NWB increases deal

Nederlandse Waterschapsbank (NWB) will look to fill the €1bn-€1.5bn it has left to raise this year with its annual water bond benchmark and potentially a short end benchmark. That is in keeping with the wider SSA market, where bankers expect socially responsible investment (SRI) issuance to form the bulk of this year’s final trades.

  • By Craig McGlashan
  • 08 Nov 2018

NWB sold a €600m June 2039 affordable housing bond on Monday, but is planning another visit to SRI markets soon.

“We definitely will do our annual water bond benchmark, and we’ll probably look at a

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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 11.63%
2 Citi 11,763.38 18 9.06%
3 HSBC 11,564.92 14 8.91%
4 BNP Paribas 9,906.17 16 7.63%
5 SG Corporate & Investment Banking 9,565.12 12 7.37%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 23,461.64 54 12.79%
2 JPMorgan 19,716.36 48 10.75%
3 HSBC 12,692.27 31 6.92%
4 Barclays 12,625.49 27 6.88%
5 Deutsche Bank 11,082.27 24 6.04%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 31,031.16 61 10.07%
2 BNP Paribas 21,987.51 47 7.13%
3 HSBC 21,914.95 64 7.11%
4 Credit Agricole CIB 21,079.26 45 6.84%
5 Goldman Sachs 18,835.39 35 6.11%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 56,303.18 243 8.07%
2 HSBC 45,431.64 159 6.51%
3 Citi 44,545.75 126 6.39%
4 Barclays 36,783.87 127 5.27%
5 BNP Paribas 31,029.04 109 4.45%