SSA pipeline builds as ECB goes dovish

The European Central Bank struck a decidedly dovish tone at its meeting on Thursday, meaning there were no nasty surprises for SSAs planning bond issues in the coming days. A French agency is on screens for a deal in dollars this Friday, while euro and dollar benchmarks are slated for next week.

  • By Craig McGlashan
  • 07 Mar 2019
ECB president Mario Draghi said on Thursday that the bank would hold rates “at least through the end of 2019”, a shift from the previous few meetings where rates were to be held “at least through the summer of 2019”. Draghi also announced a new round of ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 12,550.11 16 13.20%
2 Citi 8,945.86 13 9.41%
3 HSBC 8,757.05 9 9.21%
4 BNP Paribas 7,456.75 9 7.84%
5 Barclays 7,102.70 8 7.47%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 15,452.65 33 12.47%
2 JPMorgan 13,213.15 27 10.66%
3 Barclays 9,740.96 19 7.86%
4 Deutsche Bank 8,922.05 19 7.20%
5 HSBC 8,050.34 16 6.50%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 21,887.20 35 10.80%
2 Credit Agricole CIB 15,745.14 24 7.77%
3 HSBC 15,725.41 31 7.76%
4 BNP Paribas 14,270.46 23 7.04%
5 Goldman Sachs 13,711.51 17 6.77%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 37,805.41 128 8.72%
2 HSBC 29,796.82 88 6.87%
3 Citi 28,897.65 76 6.67%
4 Barclays 27,904.53 77 6.44%
5 Deutsche Bank 21,549.79 54 4.97%