AFD ups benchmark sizes, looks to MTNs

Agence Française de Développement (AFD) this week sold its largest ever benchmark as it tackled an increased funding programme that will grow further in the next few years. That means the issuer will look to bring big trades again — as well as potentially growing its presence in the privately placed MTN market.

  • By Craig McGlashan
  • 17 Jan 2019
The French agency is planning to raise €7.5bn-€8bn this year, up from the roughly €6.7bn it printed last year. It tackled some of this year’s pile with a $2bn three year Reg S only bond on Tuesday that broke its previous record sizes of $1.5bn in dollars and ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 11,313.87 13 14.29%
2 Citi 7,613.24 10 9.61%
3 HSBC 7,509.50 7 9.48%
4 BNP Paribas 7,165.31 9 9.05%
5 Credit Agricole CIB 6,754.94 7 8.53%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 12,172.38 24 14.18%
2 JPMorgan 9,485.94 18 11.05%
3 Barclays 7,464.36 14 8.69%
4 HSBC 6,884.61 11 8.02%
5 Bank of America Merrill Lynch 5,863.94 19 6.83%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 17,561.05 26 11.38%
2 Credit Agricole CIB 14,775.81 20 9.58%
3 HSBC 13,041.21 24 8.45%
4 SG Corporate & Investment Banking 10,788.22 13 6.99%
5 Barclays 10,649.23 15 6.90%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 28,792.95 80 9.21%
2 HSBC 23,647.79 60 7.56%
3 Citi 22,628.84 48 7.24%
4 Barclays 22,241.46 52 7.11%
5 Bank of America Merrill Lynch 16,988.39 47 5.43%