Land NRW EUR2bn 0.2% Mar 27

  • By Burhan Khadbai, Lewis McLellan
  • 26 Mar 2020

Rating:Aa1/AA/AAA

Amount:€2bn 

Maturity:31 March, 2027

Issue/reoffer price:99.75

Coupon:0.2%

Spread at reoffer:mid-swaps plus 27bp; 72.4bp over the February 2027 Bund

Launched: Tuesday, March 24

Payment date:March 31

Joint books:BayernLB, Crédit Agricole, DekaBank, Deutsche Bank, HSBC


Borrower’s comment: 

We’re focusing on plain vanilla tickets, without derivatives or structured features to avoid complications. ...

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European Sovereign Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 42.49 60 10.43%
2 BNP Paribas 35.95 41 8.82%
3 Citi 29.08 41 7.14%
4 BofA Securities 25.35 63 6.22%
5 Barclays 23.24 40 5.70%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 57.53 138 11.26%
2 JPMorgan 45.74 102 8.95%
3 Goldman Sachs 36.90 61 7.22%
4 HSBC 35.58 101 6.96%
5 BofA Securities 33.73 82 6.60%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 75.70 168 8.86%
2 BNP Paribas 70.62 127 8.26%
3 UniCredit 59.43 140 6.95%
4 Credit Agricole CIB 53.73 121 6.29%
5 HSBC 52.51 166 6.14%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 144.37 404 7.53%
2 Citi 121.90 277 6.35%
3 HSBC 106.48 347 5.55%
4 BofA Securities 94.90 253 4.95%
5 BNP Paribas 92.17 201 4.81%