Netherlands sails through debut green bond

The Netherlands got a huge reception for its highly anticipated inaugural green bond on Tuesday, with a final book of over €20bn that allowed the sovereign to issue at the upper end of its target.

  • By Burhan Khadbai
  • 21 May 2019

The books opened for the Dutch Direct Auction at 10:00am CET on Tuesday with an initial spread guidance of 18bp-21bp over the 4.75% July 2040 German Bund, that was announced on Monday.

After just 18 minutes of the books opening, orders reached over €15bn, allowing the spread ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 14,855.48 22 11.53%
2 HSBC 11,564.92 14 8.97%
3 Citi 11,516.11 17 8.94%
4 BNP Paribas 9,658.90 15 7.50%
5 SG Corporate & Investment Banking 9,565.12 12 7.42%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 22,825.14 52 12.69%
2 JPMorgan 19,716.36 48 10.96%
3 Barclays 12,625.49 27 7.02%
4 HSBC 11,868.27 28 6.60%
5 Deutsche Bank 11,082.27 24 6.16%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 30,754.04 60 10.11%
2 HSBC 21,914.95 64 7.20%
3 Credit Agricole CIB 21,079.26 45 6.93%
4 BNP Paribas 20,894.22 43 6.87%
5 Goldman Sachs 18,777.54 34 6.17%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 55,898.32 241 8.17%
2 HSBC 44,170.70 155 6.46%
3 Citi 43,504.97 122 6.36%
4 Barclays 36,671.77 126 5.36%
5 Deutsche Bank 29,979.56 91 4.38%