Italy 30 year flies, but bonds hit by growth cut

Italy received record-breaking demand for a long end syndication this week, overtaking its previous record set only last month. But it wasn’t all positive for Italy, as its bonds took a hit after the European Commission cut the country’s growth forecast on Thursday.

  • By Burhan Khadbai
  • 07 Feb 2019
Italy sold an €8bn September 2049 with a spread of 18bp over the 3.45% March 2048 BTP on Wednesday, from the initial level of plus 20bp-22bp. The final book closed at more than €41bn (including €4.75bn of lead manager interest), beating the previous record book of €35.5bn that ...

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 48,170.39 206 7.91%
2 HSBC 40,836.44 143 6.71%
3 Citi 40,186.92 114 6.60%
4 Barclays 35,828.56 113 5.89%
5 Deutsche Bank 29,199.14 83 4.80%