Italy shows market access despite BTP volatility

Italy found strong demand for a surprise syndicated tap on Thursday — despite a fresh and steep sell-off across its curve throughout the day — proving the peripheral sovereign had access to the capital markets even during extremely difficult conditions.

  • By Burhan Khadbai
  • 06 Dec 2018

The announcement of the deal — late in the evening on Wednesday — shocked the SSA market.

“I was surprised by the deal,” said a head of SSA syndicate away from the deal. “I was not expecting anything from Italy before the end of the year.”

In addition to the ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13,503.69 19 12.05%
2 Citi 11,025.37 16 9.84%
3 HSBC 10,438.07 12 9.31%
4 BNP Paribas 8,371.12 12 7.47%
5 Barclays 7,970.77 10 7.11%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 20,625.37 46 12.48%
2 JPMorgan 17,028.13 38 10.31%
3 Barclays 12,294.11 26 7.44%
4 HSBC 10,936.92 25 6.62%
5 Deutsche Bank 10,542.52 22 6.38%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 27,113.83 53 10.14%
2 HSBC 20,099.65 57 7.52%
3 Credit Agricole CIB 19,324.03 40 7.23%
4 BNP Paribas 18,161.36 34 6.79%
5 Barclays 17,311.25 36 6.47%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 48,456.47 210 7.93%
2 HSBC 41,020.86 144 6.72%
3 Citi 40,186.92 114 6.58%
4 Barclays 35,962.48 115 5.89%
5 Deutsche Bank 29,199.14 83 4.78%