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 16,032.07 25 9.75%
2 Barclays 15,041.98 19 9.15%
3 Citi 13,795.56 24 8.39%
4 HSBC 12,009.31 18 7.30%
5 BNP Paribas 10,802.75 16 6.57%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 41,726.66 111 12.22%
2 JPMorgan 29,288.84 79 8.57%
3 HSBC 29,000.04 74 8.49%
4 Bank of America Merrill Lynch 27,450.34 80 8.04%
5 Goldman Sachs 24,685.10 55 7.23%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 35,645.82 96 8.02%
2 HSBC 32,437.47 116 7.30%
3 Barclays 31,737.51 60 7.14%
4 UniCredit 30,989.16 83 6.97%
5 BNP Paribas 27,189.65 67 6.11%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 77,915.32 278 6.83%
2 JPMorgan 77,428.97 443 6.78%
3 HSBC 73,010.93 287 6.40%
4 Barclays 59,775.59 229 5.24%
5 Deutsche Bank 52,560.34 166 4.60%