Ready for EDDI? SSAs plan to disrupt bond issuance

The European Stability Mechanism is spearheading a plan to create a new digital platform for launching public sector bonds in euros. The system, which ESM wants to launch in 2020, is named the European Distribution of Debt Instruments (EDDI). It could end up replacing some of the functions of investment banks and clearing houses.

  • By Burhan Khadbai
  • 04 Apr 2019
EDDI is an initiative by the European Stability Mechanism, but is intended to be run by the European Central Bank. GlobalCapital understands that the project is at an advanced stage. The ESM has built a prototype for the platform and has been holding frequent consultations with four other ...

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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 13.27%
2 Citi 9,541.01 14 9.38%
3 HSBC 8,956.42 10 8.80%
4 BNP Paribas 7,609.18 10 7.48%
5 SG Corporate & Investment Banking 7,372.55 10 7.24%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 16,139.62 36 11.32%
2 JPMorgan 14,079.05 31 9.88%
3 Barclays 10,277.94 21 7.21%
4 HSBC 9,651.51 20 6.77%
5 Deutsche Bank 9,608.67 21 6.74%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 24,244.53 44 10.14%
2 HSBC 17,490.59 46 7.32%
3 BNP Paribas 17,173.33 30 7.19%
4 Credit Agricole CIB 17,048.14 34 7.13%
5 Barclays 15,536.71 31 6.50%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 41,735.26 163 8.05%
2 HSBC 34,087.88 119 6.58%
3 Citi 32,233.53 90 6.22%
4 Barclays 31,603.89 97 6.10%
5 Deutsche Bank 26,225.14 72 5.06%