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 $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 4.50 6 12.56%
2 Citi 4.15 4 11.60%
3 HSBC 3.01 4 8.41%
4 BNP Paribas 2.90 4 8.09%
5 Credit Agricole CIB 2.59 2 7.23%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 8.08 12 21.12%
2 BMO Capital Markets 3.66 4 9.57%
3 TD Securities Inc 3.55 4 9.27%
4 Goldman Sachs 3.13 6 8.18%
5 Barclays 2.76 4 7.20%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 6.96 8 9.24%
2 BofA Securities 6.24 12 8.28%
3 Barclays 5.58 8 7.41%
4 UniCredit 5.40 13 7.17%
5 BNP Paribas 5.23 8 6.94%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 14.01 19 10.85%
2 JPMorgan 9.21 15 7.13%
3 Barclays 9.02 15 6.99%
4 BofA Securities 8.60 18 6.66%
5 Goldman Sachs 7.80 14 6.04%