BondMarker: NWB scores solid result with sole dollar benchmark of 2018

Nederlandse Waterschapsbank recorded a healthy average of 7.1 on BondMarker with its only dollar benchmark of the year.

  • By Craig McGlashan
  • 26 Nov 2018
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Voters scored the $1bn December 2021 benchmark — the only trade available for scoring in the week commencing November 12 — particularly highly for timing and quality of the investor distribution, which both scored 7.5.

Central banks and official institutions dominated the book, taking 74.5% of the bonds, while the deal had all the attention of the dollar market that week.

The trade came in a dollar market that had been “impressively resilient for months”, said on-looking bankers at the time of pricing.


181126 SSA bondmarker results

  • By Craig McGlashan
  • 26 Nov 2018

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 17,683.39 29 11.21%
2 Citi 13,595.38 21 8.62%
3 HSBC 12,224.45 15 7.75%
4 Goldman Sachs 11,679.39 21 7.41%
5 BNP Paribas 11,306.61 19 7.17%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 27,620.00 66 12.00%
2 JPMorgan 25,706.32 67 11.17%
3 HSBC 15,299.95 41 6.65%
4 Barclays 15,140.22 37 6.58%
5 Bank of America Merrill Lynch 13,259.81 55 5.76%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 34,469.79 79 9.58%
2 BNP Paribas 24,586.19 58 6.83%
3 Goldman Sachs 23,272.62 49 6.47%
4 UniCredit 22,895.15 64 6.36%
5 Credit Agricole CIB 22,678.60 55 6.30%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 68,686.80 320 8.07%
2 Citi 54,099.33 163 6.35%
3 HSBC 50,127.85 203 5.89%
4 Barclays 42,717.44 159 5.02%
5 Goldman Sachs 36,754.99 106 4.32%