Unédic sells 10 year with negative NIP, AfDB on screens

Unédic priced through fair value for its first bond of the year on Wednesday, as the European Central Bank’s announcement of fresh liquidity supercharged an already red hot euro SSA market. African Development Bank will hope to find similar success in the 10 year part of the curve after mandating banks for its first benchmark of the year.

  • By Burhan Khadbai
  • 13 Mar 2019

Unédic sold a €1.5bn March 2029 through with a spread of 16bp over the OAT curve, interpolated between the November 2028s and May 2029s. Barclays, BNP Paribas, Commerzbank, JP Morgan and Natixis were the bookrunners.

Following the mandate on Tuesday, books opened with ...

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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%