EIB and FMS-W seize sterling demand ahead of Brexit vote

The European Investment Bank and FMS Wertmanagement sold well oversubscribed issues in the sterling SSA market on Tuesday before an expected quieter period for new issues in the currency next week as parliament votes on prime minister Theresa May’s revised Brexit deal.

  • By Burhan Khadbai
  • 05 Mar 2019
EIB sold a no-grow £500m March 2026 Sonia-linked Reg S floating rate note with a spread of Sonia plus 34bp, 3bp tighter than the initial price thoughts. The final book closed at over £1.2bn (including £50m of lead manager interest). Bank of America, HSBC and

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13,503.69 19 12.04%
2 Citi 11,025.37 16 9.83%
3 HSBC 10,438.07 12 9.31%
4 BNP Paribas 8,371.12 12 7.46%
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 12.46%
2 JPMorgan 17,187.80 40 10.38%
3 Barclays 12,294.11 26 7.43%
4 HSBC 10,936.92 25 6.61%
5 Deutsche Bank 10,542.52 22 6.37%

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 10.12%
2 HSBC 20,284.07 58 7.57%
3 Credit Agricole CIB 19,324.03 40 7.21%
4 BNP Paribas 18,161.36 34 6.78%
5 Barclays 17,423.19 37 6.50%

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%